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Parsons Corporation Named to S&P MidCap 400

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Parsons (NYSE: PSN) has been named to the S&P MidCap 400 Index, effective September 23, 2024. This milestone reflects the company's strong performance and growth in the national security and global infrastructure markets. Parsons, celebrating its 80th anniversary, has demonstrated impressive financial results, including:

- Record organic revenue growth of over 20% in both business segments in 2023
- Record post-IPO results for total revenue, net income, adjusted EBITDA, operating cash flow, and contract awards
- Continued momentum with over 20% organic growth in Q1 and Q2 of 2024

The company has also been recognized as one of the World's Most Ethical Companies for 15 consecutive years, highlighting its commitment to ethics and integrity in driving performance.

Parsons (NYSE: PSN) è stata inserita nell'indice S&P MidCap 400, con effetto dal 23 settembre 2024. Questo traguardo riflette le forti performance e la crescita dell'azienda nei mercati della sicurezza nazionale e delle infrastrutture globali. Parsons, che festeggia il suo 80° anniversario, ha dimostrato risultati finanziari impressionanti, tra cui:

- Crescita record dei ricavi organici superiore al 20% in entrambi i segmenti nel 2023
- Risultati record post-IPO per ricavi totali, reddito netto, EBITDA rettificato, flusso di cassa operativo e assegnazioni di contratti
- Continuità del slancio con oltre il 20% di crescita organica nel Q1 e Q2 del 2024

L'azienda è stata anche riconosciuta come una delle Aziende più Etiche del Mondo per 15 anni consecutivi, evidenziando il suo impegno per l'etica e l'integrità nel raggiungimento delle performance.

Parsons (NYSE: PSN) ha sido incorporada al índice S&P MidCap 400, con fecha efectiva del 23 de septiembre de 2024. Este hito refleja el sólido desempeño y crecimiento de la compañía en los mercados de seguridad nacional e infraestructura global. Parsons, que está celebrando su 80.º aniversario, ha demostrado resultados financieros impresionantes, incluyendo:

- Crecimiento récord de ingresos orgánicos superior al 20% en ambos segmentos de negocio en 2023
- Resultados récord posteriores a la OPI en ingresos totales, ingreso neto, EBITDA ajustado, flujo de caja operativo y adjudicaciones de contratos
- Continuación del impulso con más del 20% de crecimiento orgánico en el primer y segundo trimestre de 2024

La empresa también ha sido reconocida como una de las Empresas Más Éticas del Mundo durante 15 años consecutivos, destacando su compromiso con la ética y la integridad en el impulso del rendimiento.

Parsons (NYSE: PSN)은 S&P 미드캡 400 지수에 이름을 올렸습니다, 2024년 9월 23일부터 시행됩니다. 이 이정표는 국가 안보 및 글로벌 인프라 시장에서 회사의 강력한 성과와 성장을 반영합니다. 80주년을 기념하는 Parsons는 2023년 두 사업 부문 모두에서 20% 이상의 기록적인 유기적 매출 성장을 포함한 인상적인 재무 실적을 보여주었습니다:

- 2023년 두 사업 부문 모두에서 20% 이상의 유기적인 성장 기록
- 총 수익, 순이익, 조정된 EBITDA, 운영 현금 흐름 및 계약 수주에 대한 상장 후 기록 결과
- 2024년 1분기 및 2분기 동안 20% 이상의 유기적 성장을 지속적으로 유지

이 회사는 또한 15년 연속으로 세계에서 가장 윤리적인 기업 중 하나로 인정받아 성과를 이끌어내는 윤리와 무결성에 대한 의지를 강조하고 있습니다.

Parsons (NYSE: PSN) a été nommée à l'indice S&P MidCap 400, avec effet au 23 septembre 2024. Ce jalon reflète la solide performance et la croissance de l'entreprise sur les marchés de la sécurité nationale et des infrastructures mondiales. Parsons, célébrant son 80e anniversaire, a montré des résultats financiers impressionnants, notamment :

- Croissance organique record des revenus de plus de 20 % dans les deux segments d'activité en 2023
- Résultats post-introduction en bourse record pour les revenus totaux, le bénéfice net, l'EBITDA ajusté, le flux de trésorerie d'exploitation et les attributions de contrats
- Poursuite de l'élan avec plus de 20 % de croissance organique au premier et au deuxième trimestre de 2024

L'entreprise a également été reconnue comme l'une des Entreprises les Plus Éthiques au Monde pendant 15 années consécutives, soulignant son engagement envers l'éthique et l'intégrité dans l'amélioration de ses performances.

Parsons (NYSE: PSN) wurde in den S&P MidCap 400 Index aufgenommen, mit Wirkung vom 23. September 2024. Dieser Meilenstein spiegelt die starke Leistung und das Wachstum des Unternehmens in den Bereichen nationale Sicherheit und globale Infrastruktur wider. Kirchen, die ihr 80-jähriges Bestehen feiert, hat beeindruckende finanzielle Ergebnisse gezeigt, darunter:

- Rekordwachstum der organischen Umsätze von über 20 % in beiden Geschäftssegmenten im Jahr 2023
- Rekordergebnisse nach dem IPO bei Gesamtumsatz, Nettogewinn, bereinigtem EBITDA, operativem Cashflow und Vertragsvergaben
- Fortdauernde Dynamik mit über 20 % organischem Wachstum im 1. und 2. Quartal 2024

Das Unternehmen wurde auch als eines der ethischsten Unternehmen der Welt seit 15 aufeinanderfolgenden Jahren ausgezeichnet, was sein Engagement für Ethik und Integrität bei der Leistungssteigerung verdeutlicht.

Positive
  • Inclusion in the S&P MidCap 400 Index, indicating increased market recognition
  • Record organic revenue growth of over 20% in both business segments in 2023
  • Record post-IPO results for total revenue, net income, adjusted EBITDA, operating cash flow, and contract awards
  • Continued strong performance with over 20% organic growth in Q1 and Q2 of 2024
  • Named one of the World's Most Ethical Companies for 15 consecutive years
Negative
  • None.

Insights

Parsons 's inclusion in the S&P MidCap 400 Index is a significant milestone, reflecting the company's strong financial performance and market position. This move typically increases visibility among investors and can lead to increased demand for the stock. The company's impressive organic revenue growth of over 20% in both business segments in 2023, coupled with record results in key financial metrics, demonstrates robust operational execution. Continued strong performance in H1 2024 suggests sustained momentum. However, investors should note that index inclusion doesn't directly impact fundamentals and future performance will depend on the company's ability to maintain growth and profitability in its core markets.

Parsons' addition to the S&P MidCap 400 Index is a positive indicator of the company's market position and growth trajectory. The company's focus on high-value solutions in national security and global infrastructure aligns well with current market trends and government spending priorities. The consistent organic growth of over 20% across multiple quarters suggests strong demand for Parsons' services. The company's diverse portfolio across six core end markets provides resilience and multiple growth avenues. However, investors should monitor potential changes in government spending patterns or shifts in national security priorities, which could impact future growth prospects.

Parsons' positioning as a disruptive technology provider in national security and global infrastructure markets is noteworthy. Their capabilities in critical areas such as cyber and intelligence, space and missile defense and critical infrastructure protection are highly relevant in today's geopolitical landscape. The company's ability to consistently deliver strong organic growth suggests successful technology integration and market adoption. However, the tech sector is rapidly evolving and Parsons will need to continue innovating to maintain its competitive edge. Investors should closely monitor the company's R&D investments and new technology rollouts to assess long-term growth potential in these high-tech domains.

CHANTILLY, Va., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been named to S&P Dow Jones Indices prestigious S&P MidCap 400 Index, effective prior to the open of trading on September 23, 2024. The company, which celebrated its 80th anniversary earlier this year, 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.

“We are honored for Parsons to join the S&P MidCap 400 Index. This accomplishment is a testament to the continued success of our talented workforce and their commitment to successfully delivering on our customers’ missions around the world,” said Carey Smith, Parsons’ Chair, President, and Chief Executive Officer. “Together, we have transformed the company into a high-value solutions provider that is capitalizing on strong tailwinds across our six core end markets. Joining this prestigious list of companies is an important milestone in our storied history and reflects our momentum in creating the future of global infrastructure and national security ahead.”

In 2023, Parsons generated record organic revenue growth of more than 20% in both business segments, along with record results since its initial public offering for total revenue, net income, adjusted EBITDA, operating cash flow, and contract awards. That momentum continued through the first half of 2024, with the company reporting organic growth of more than 20% for both the first and second quarter of 2024. Parsons was also named one of the World’s Most Ethical Companies by Ethisphere for the 15th consecutive year in 2024, reinforcing the critical importance of ethics and integrity in driving a culture of performance, along with numerous other recognitions for hiring and workforce culture.

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.

Media Contact:
Bryce McDevitt        
+1 703.851.4425
Bryce.McDevitt@parsons.com

Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@Parsons.us


FAQ

When will Parsons (PSN) join the S&P MidCap 400 Index?

Parsons (PSN) will join the S&P MidCap 400 Index effective prior to the open of trading on September 23, 2024.

What was Parsons 's (PSN) organic revenue growth in 2023?

Parsons (PSN) reported record organic revenue growth of more than 20% in both business segments in 2023.

How has Parsons (PSN) performed in the first half of 2024?

Parsons (PSN) reported organic growth of more than 20% for both the first and second quarter of 2024, continuing its strong momentum.

For how many consecutive years has Parsons (PSN) been named one of the World's Most Ethical Companies?

Parsons (PSN) has been named one of the World's Most Ethical Companies by Ethisphere for 15 consecutive years as of 2024.

Parsons Corporation

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Information Technology Services
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