Parsons’ Board Approves $250 Million Share Repurchase Authorization
Parsons (NYSE: PSN) has announced a significant increase in its stock repurchase authorization to $250 million. The decision comes as a result of the company's strong operating results and cash flow performance.
CEO Carey Smith emphasized that this move will allow Parsons to pursue share repurchases while continuing to invest in organic and inorganic growth opportunities. The company's focus remains on providing integrated solutions in national security and global infrastructure markets.
The board's decision reflects confidence in Parsons' strategy and ability to deliver strong operating results. However, the actual implementation of repurchases will depend on various factors, including market conditions, economic circumstances, investment opportunities, financing needs, stock price fluctuations, and potential program suspension.
Parsons (NYSE: PSN) ha annunciato un significativo aumento della sua autorizzazione al riacquisto di azioni, portandola a 250 milioni di dollari. Questa decisione è il risultato dei solidi risultati operativi e delle performance di flusso di cassa dell'azienda.
Il CEO Carey Smith ha sottolineato che questa mossa permetterà a Parsons di perseguire il riacquisto di azioni continuando a investire in opportunità di crescita sia organiche che inorganiche. L'azienda rimane concentrata sull'offerta di soluzioni integrate nei mercati della sicurezza nazionale e delle infrastrutture globali.
La decisione del consiglio riflette la fiducia nella strategia di Parsons e nella capacità di fornire risultati operativi solidi. Tuttavia, l'effettiva attuazione dei riacquisti dipenderà da vari fattori, tra cui le condizioni di mercato, le circostanze economiche, le opportunità di investimento, le esigenze di finanziamento, le fluttuazioni del prezzo delle azioni e la possibile sospensione del programma.
Parsons (NYSE: PSN) ha anunciado un aumento significativo en su autorización de recompra de acciones, llevándola a 250 millones de dólares. Esta decisión es el resultado de los sólidos resultados operativos y del rendimiento del flujo de caja de la empresa.
El CEO Carey Smith enfatizó que este movimiento permitirá a Parsons llevar a cabo recompras de acciones mientras continúa invirtiendo en oportunidades de crecimiento orgánico e inorgánico. La empresa se mantiene enfocada en ofrecer soluciones integradas en los mercados de seguridad nacional e infraestructura global.
La decisión de la junta refleja confianza en la estrategia de Parsons y en su capacidad para entregar resultados operativos sólidos. Sin embargo, la implementación real de las recompras dependerá de varios factores, incluyendo las condiciones del mercado, las circunstancias económicas, las oportunidades de inversión, las necesidades de financiamiento, las fluctuaciones del precio de las acciones y la posible suspensión del programa.
파슨스 (NYSE: PSN)는 자사 주식 매입 승인 금액을 2억 5천만 달러로 대폭 증가했다고 발표했습니다. 이 결정은 회사의 강력한 운영 성과와 현금 흐름 성과의 결과입니다.
CEO 캐리 스미스는 이번 조치가 파슨스가 주식 매입을 추진하면서도 유기적 및 비유기적 성장 기회에 계속 투자할 수 있게 해줄 것이라고 강조했습니다. 회사는 국가 안보 및 글로벌 인프라 시장에서 통합 솔루션을 제공하는 데 집중하고 있습니다.
이사회의 결정은 파슨스의 전략과 강력한 운영 성과를 제공할 수 있는 능력에 대한 신뢰를 반영합니다. 그러나 실제 매입 시행은 시장 조건, 경제적 상황, 투자 기회, 자금 조달 필요, 주가 변동 및 프로그램 중단 가능성을 포함한 다양한 요인에 따라 달라질 것입니다.
Parsons (NYSE: PSN) a annoncé une augmentation significative de son autorisation de rachat d'actions, la portant à 250 millions de dollars. Cette décision résulte des solides résultats opérationnels et de la performance de flux de trésorerie de l'entreprise.
Le PDG Carey Smith a souligné que ce mouvement permettra à Parsons de procéder à des rachats d'actions tout en continuant à investir dans des opportunités de croissance organique et inorganique. L'entreprise reste concentrée sur la fourniture de solutions intégrées dans les marchés de la sécurité nationale et des infrastructures mondiales.
La décision du conseil d'administration reflète la confiance dans la stratégie de Parsons et sa capacité à fournir des résultats opérationnels solides. Cependant, la mise en œuvre effective des rachats dépendra de divers facteurs, notamment les conditions du marché, les circonstances économiques, les opportunités d'investissement, les besoins de financement, les fluctuations des prix des actions et la suspension potentielle du programme.
Parsons (NYSE: PSN) hat eine signifikante Erhöhung seiner Aktienrückkaufautorisierung auf 250 Millionen Dollar angekündigt. Diese Entscheidung ist das Ergebnis der starken Betriebsergebnisse und der Cashflow-Performance des Unternehmens.
CEO Carey Smith betonte, dass dieser Schritt es Parsons ermöglichen wird, Aktienrückkäufe zu tätigen und gleichzeitig in organisches und anorganisches Wachstum zu investieren. Das Unternehmen konzentriert sich weiterhin darauf, integrierte Lösungen in den Bereichen nationale Sicherheit und globale Infrastruktur anzubieten.
Die Entscheidung des Vorstands spiegelt das Vertrauen in die Strategie von Parsons und die Fähigkeit wider, starke Betriebsergebnisse zu liefern. Die tatsächliche Umsetzung der Rückkäufe hängt jedoch von verschiedenen Faktoren ab, darunter Marktbedingungen, wirtschaftliche Umstände, Investitionsmöglichkeiten, Finanzierungsbedürfnisse, Schwankungen des Aktienkurses und mögliche Programmstilllegungen.
- Board authorized substantial $250 million share repurchase program
- Strong operating results and positive cash flow reported
- Company maintains ability to pursue growth opportunities while conducting buybacks
- No guarantee of actual share repurchases due to various market and economic factors
- Program may be suspended or discontinued based on market conditions
CHANTILLY, Va., March 24, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that its board of directors has increased the company’s stock repurchase authorization to
“Parsons’ strong operating results and cash flow allow us to increase share repurchases while simultaneously executing on our strategic plan of investing in accretive organic and inorganic growth opportunities,” said Parsons’ Chair, President, and Chief Executive Officer Carey Smith. “Our integrated solutions, demonstrated experience as an innovator in national security and global infrastructure markets, and commitment to speed and agility are what the world needs and our customers demand in today’s operating environment. The Board’s support for the increased authority reflects their collective confidence in our strategy, ability to continue to deliver strong operating results, and drive positive shareholder returns.”
There can be no assurance of repurchases, as they depend upon a variety of factors, including changes in market conditions and economic circumstances, availability of investment opportunities, uncertainties relating to availability and costs of our financing needs in the future, currency fluctuations, the market price of the Company’s common stock and the suspension or discontinuance of the share repurchase program, among other events.
About Parsons:
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.
Forward-Looking Statements:
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive, and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.
Media Contact:
Bernadette Miller
Mobile: +1 980.253.9781
bernadette.miller@parsons.com
Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@parsons.us
FAQ
How much is Parsons' (PSN) new share repurchase authorization worth?
What factors could affect Parsons' (PSN) share repurchase program execution?
Why did Parsons (PSN) increase its share repurchase authorization in March 2025?
What business areas does Parsons (PSN) focus on while implementing the buyback?
How will Parsons (PSN) balance share repurchases with growth investments?
