Parsons Stock Price, News & Analysis

Parsons Corporation (NYSE: PSN) will be represented by President and CEO Carey Smith at the J.P. Morgan 2022 Industrials Conference on March 16, 2022, at 4:40 p.m. ET. This presentation will be available via webcast on the investor relations section of Parsons’ website, with a replay accessible for 30 days.

As a leading disruptive technology provider, Parsons specializes in national security and critical infrastructure, focusing on cybersecurity, missile defense, space, and smart cities. For more details, visit parsons.com.

Parsons Corporation (NYSE: PSN) has launched a new website, Life at Parsons, highlighting its commitment to inclusivity, diversity, and an innovative culture. The site showcases employee experiences and emphasizes flexible work arrangements, Diversity, Equity, and Inclusion (DEI), Environmental, Social, and Governance (ESG) initiatives, and support for early career talent and military veterans. The new platform also reflects Parsons' goal of reducing greenhouse gas emissions by 20% by 2025. The company has received various accolades, including being ranked as a top employer for LGBTQ+ professionals and veterans.

Parsons Corporation (NYSE: PSN) will showcase its capabilities at the Air Force Association Air Warfare Symposium from March 2-4, 2022, in Orlando, Florida. The company will emphasize its all-domain command and control solutions, electronic warfare, and laser neutralization systems to enhance the U.S. Air Force’s operational readiness. Key offerings include C2Core®, ZEUS® Recovery of Airbase Denied by Ordnance, and OrbitXchange™. With decades of support to the Department of Defense, Parsons aims to deliver innovative technology solutions that ensure mission success.

Parsons Corporation (NYSE: PSN) has secured a $104 million contract with the Intelligence Community (IC) for a duration of five years. The contract will focus on delivering cybersecurity and intelligence solutions, including vulnerability research and software development, to enhance national security. Michael McKloskey, senior VP, emphasized Parsons' long-standing commitment to supporting the IC's mission. This contract highlights Parsons’ capability to address complex security challenges and provides strategic resources for evolving threats.

Parsons Corporation (NYSE: PSN) reported Q4 2021 revenue of $951 million, down 1% year-over-year, but achieved a 9% organic growth for the second half of the year. It secured major contracts, including a $2 billion award for the Faro Mine. The company's total backlog rose to $8.3 billion, marking a 3% year-over-year increase. Adjusted EBITDA was $91 million, with a margin of 9.6%. Fiscal year 2022 guidance is set between $3.7 billion and $3.9 billion in revenue. CEO Carey Smith highlighted ongoing strength in critical infrastructure and federal solutions.

Parsons Corporation (NYSE: PSN) announced a collaboration with Battelle Memorial Institute to enhance their PFAS investigation capabilities. This partnership aims to utilize Parsons’ innovative PFAS investigation methods alongside Battelle’s advanced analytical tools to offer cost-effective and efficient solutions for clients facing PFAS issues. The urgency is underscored by a $10 billion funding allocation from the Infrastructure Investment and Jobs Act to investigate PFAS contamination, highlighting the growing significance of this environmental challenge.

Parsons Corporation (NYSE: PSN) has secured a contract exceeding $2 billion for main construction management and care & maintenance services at the Faro Mine in Yukon, Canada, a significant abandoned mine remediation project. This contract spans over 20 years and builds on Parsons' ongoing efforts in the area since 2016. The project aims to enhance environmental sustainability and support local First Nations communities through a socio-economic strategy focusing on direct employment and training.

Parsons Corporation (NYSE: PSN) will present at the Cowen 43^rd Annual Aerospace/Defense & Industrials Conference on February 9, 2022, at 1:30 p.m. ET. The session, featuring Carey Smith, President and CEO, and George Ball, CFO, will include a fireside chat and Q&A. Investors can access the live webcast on Parsons' investor relations website, with a replay available for 90 days. Parsons is known for its disruptive technology in defense, intelligence, and infrastructure sectors, focusing on cybersecurity, missile defense, and smart cities.