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Parsons Named Government Contractor of the Year

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Parsons (NYSE:PSN) has been named 'Contractor of the Year' in the greater than $300 million category at the 22nd Annual Greater Washington Government Contractor Awards. The company reported record Q3 results, including total revenue, organic revenue growth, net income, adjusted EBITDA, operating cash flow, and contract awards, maintaining over 20% organic growth for six consecutive quarters. The recognition highlights Parsons' leadership in government contracting, delivering critical missions globally, and its strong corporate culture. The company has also been recognized as a Best Employer for New Grads by Forbes and one of the World's Most Ethical Companies for 15 consecutive years.

Parsons (NYSE:PSN) è stata nominata 'Contractor of the Year' nella categoria superiore ai 300 milioni di dollari ai 22° Annuali Greater Washington Government Contractor Awards. L'azienda ha riportato risultati record per il terzo trimestre, inclusi ricavi totali, crescita organica dei ricavi, utile netto, EBITDA rettificato, flusso di cassa operativo e assegnazione di contratti, mantenendo oltre il 20% di crescita organica per sei trimestri consecutivi. Questo riconoscimento mette in evidenza la leadership di Parsons nel settore dei contratti governativi, realizzando missioni critiche a livello globale e la sua forte cultura aziendale. L'azienda è stata inoltre riconosciuta come Miglior Datore di Lavoro per i Neolaureati da Forbes e come una delle Aziende più Etiche del Mondo per 15 anni consecutivi.

Parsons (NYSE:PSN) ha sido nombrado 'Contratista del Año' en la categoría de más de 300 millones de dólares en los 22º Premios Anuales de Contratistas del Gobierno del Gran Washington. La empresa reportó resultados récord en el tercer trimestre, incluyendo ingresos totales, crecimiento orgánico de ingresos, ganancias netas, EBITDA ajustado, flujo de efectivo operativo y asignaciones de contratos, manteniendo más del 20% de crecimiento orgánico durante seis trimestres consecutivos. Este reconocimiento destaca el liderazgo de Parsons en la contratación gubernamental, llevando a cabo misiones críticas a nivel global, y su sólida cultura corporativa. La empresa también ha sido reconocida como el Mejor Empleador para Nuevos Graduados por Forbes y como una de las Empresas Más Éticas del Mundo durante 15 años consecutivos.

파슨스 (NYSE:PSN)가 제22회 그레이터 워싱턴 정부 계약자 상에서 3억 달러 이상 부문 '올해의 계약자'로 선정되었습니다. 이 회사는 3분기 실적 사상 최고치를 보고했으며, 총 수익, 유기적 수익 성장, 순이익, 조정된 EBITDA, 운영 현금 흐름, 계약 수상 등을 포함하여 6분기 연속 20% 이상의 유기적 성장을 유지하고 있습니다. 이번 수상은 정부 계약에서의 파슨스의 리더십과 전 세계적으로 중요한 임무를 수행하는 것, 그리고 강력한 기업 문화를 강조합니다. 이 회사는 포브스에 의해 신입 졸업생을 위한 가장 좋은 고용주로 인식되었으며, 15년 연속으로 세계에서 가장 윤리적인 기업 중 하나로 평가받았습니다.

Parsons (NYSE:PSN) a été nommé 'Contractant de l'Année' dans la catégorie supérieure à 300 millions de dollars lors de la 22ème édition des Greater Washington Government Contractor Awards. L'entreprise a signalé des résultats record au troisième trimestre, y compris les revenus totaux, la croissance organique des revenus, le revenu net, l'EBITDA ajusté, le flux de trésorerie d'exploitation et l'attribution de contrats, maintenant plus de 20 % de croissance organique pendant six trimestres consécutifs. Cette reconnaissance souligne le leadership de Parsons dans les contrats gouvernementaux, l'exécution de missions critiques à l'échelle mondiale et sa forte culture d'entreprise. L'entreprise a également été reconnue comme Meilleur Employeur pour les Nouveaux Diplômés par Forbes et comme l'une des Entreprises les plus Éthiques au Monde pendant 15 années consécutives.

Parsons (NYSE:PSN) wurde bei den 22. jährlichen Greater Washington Government Contractor Awards in der Kategorie über 300 Millionen Dollar als 'Auftragnehmer des Jahres' ausgezeichnet. Das Unternehmen berichtete von rekordverdächtigen Ergebnissen im dritten Quartal, einschließlich Gesamterlösen, organischem Umsatzwachstum, Nettogewinn, bereinigtem EBITDA, operativem Cashflow und Vertragsvergaben und hält seit sechs aufeinanderfolgenden Quartalen ein organisches Wachstum von über 20%. Die Anerkennung hebt die Führungsrolle von Parsons im Bereich der öffentlichen Aufträge hervor, die Durchführung kritischer Missionen weltweit und die starke Unternehmenskultur des Unternehmens. Das Unternehmen wurde auch von Forbes als bester Arbeitgeber für Absolventen ausgezeichnet und ist seit 15 Jahren eines der ethischsten Unternehmen der Welt.

Positive
  • Won 'Contractor of the Year' award in >$300M category
  • Record Q3 results across multiple financial metrics
  • Maintained >20% organic growth for six consecutive quarters
Negative
  • None.

Insights

This award recognition, while prestigious, is secondary to the impressive financial performance metrics revealed. The company has achieved record Q3 results across multiple key metrics including total revenue, organic revenue growth, net income, adjusted EBITDA and operating cash flow. Most notably, Parsons has maintained 20% organic growth for six consecutive quarters, demonstrating exceptional operational execution and market penetration in the government contracting sector.

The sustained organic growth trajectory, combined with strong contract awards, indicates robust demand for Parsons' services and effective capture of market opportunities. This performance suggests strong future revenue visibility and potential margin expansion, particularly in the defense and critical infrastructure segments. The company's position as a preferred government contractor could lead to additional contract wins and sustained growth momentum.

CHANTILLY, Va., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) was recognized as “Contractor of the Year” this week at the 22nd Annual Greater Washington Government Contractor Awards, where the company won the “Contractor of the Year, greater than $300 million” category. The annual event, presented by the Northern Virginia Chamber of Commerce and the Professional Services Council, is the premier event honoring the leadership, innovation, and commitment to excellence of the people and businesses of the government contracting community.

“Every day, more than 19,000 members of the Parsons team are working to make a difference for our customers and our company,” said Parsons’ Chair, President, and Chief Executive Officer Carey Smith. “This award recognizes their outstanding performance and their commitment to imagining next in national security and global infrastructure. Especially as we celebrate Parsons’ 80th anniversary in 2024, this recognition highlights our leadership and impact over the last eight decades and our bright future for the decades ahead.”

The award recognized Parsons leading role in the government contracting sector, delivering on customers’ critical missions around the world, achieving record results, and cultivating a strong corporate culture and role as a destination employer. Smith noted the successes in the company’s quarterly earnings call last week, citing record Q3 results for total revenue, organic revenue growth, net income, adjusted EBITDA, operating cash flow, and contract awards, and delivering over 20% organic growth for the sixth consecutive quarter. The company has also been recognized as a Best Employer for New Grads by Forbes, a top military-friendly employer, and as one of the World’s Most Ethical Companies for 15 consecutive years by Ethisphere.

To learn more about Parsons, visit www.parsons.com/.

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:
Jason Yaley
+1 571-255-9122
jason.yaley@parsons.us

Investor Relations Contact:
Dave Spille
+ 1.571.655.8264
dave.spille@parsons.us


FAQ

What award did Parsons (PSN) win in November 2024?

Parsons won the 'Contractor of the Year' award in the greater than $300 million category at the 22nd Annual Greater Washington Government Contractor Awards.

What financial records did Parsons (PSN) achieve in Q3 2024?

Parsons achieved record Q3 results in total revenue, organic revenue growth, net income, adjusted EBITDA, operating cash flow, and contract awards.

How many consecutive quarters has Parsons (PSN) maintained over 20% organic growth?

Parsons has maintained over 20% organic growth for six consecutive quarters.

Parsons Corporation

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