Parsons Corporation: A Strong Showing at the Raymond James Conference

Parsons Corporation (NYSE: PSN) is set to present at the Raymond James 46th Annual Institutional Investors Conference, with Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial officer, participating in a fireside chat question and answer session on Tuesday, March 4, 2025, at approximately 2:50 p.m. Eastern Time. This presentation will be available live via webcast on the investor relations section of Parsons’ website and will be available for replay for 30 days following the event.

Parsons Corporation 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. The company has been delivering strong financial results, with record revenue and adjusted EBITDA in the third quarter of 2024, driven by organic growth and strategic acquisitions.

In the third quarter of 2024, parsons reported record revenue of $1.8 billion, a 28% increase year-over-year, with organic revenue growth of 26%. Adjusted EBITDA increased by 31% to $167 million, with an adjusted EBITDA margin expansion of 20 basis points to 9.2%. The company also raised its full-year guidance for revenue and adjusted EBITDA, reflecting strong performance across all business segments and successful strategic acquisitions.

Parsons' Federal Solutions segment saw a 42% increase in revenue, driven by organic growth of 39% and contributions from the SealingTech and BlackSignal acquisitions. The segment's adjusted EBITDA margin increased by 260 basis points to 10.9%, driven by increased volume on accretive contracts, contributions from high-margin acquisitions, and improved program execution.

The Critical Infrastructure segment reported a 10% increase in revenue, with adjusted EBITDA margin decreasing by 25% due to a $23.5 million write-down affecting EBITDA margins. However, the company anticipates margin expansion in Federal business and Critical Infrastructure, with completion of the last legacy program expected to be a significant margin driver.

Parsons' strong performance is underpinned by a series of strategic moves, including the acquisition of companies that bolster its capabilities in cybersecurity, electronic warfare, and infrastructure engineering. The company's investments are well-aligned with the Infrastructure Investment and Jobs Act, positioning Parsons to capitalize on the significant funding yet to be allocated.

Parsons Corporation's presentation at the Raymond James 46th Annual Institutional Investors Conference is an opportunity for investors to learn more about the company's strategic initiatives, financial performance, and growth prospects. The company's strong Q3 performance, upward revision of full-year guidance, and strategic focus on acquisitions and organic growth make it an attractive investment opportunity in the national security and global infrastructure markets.




In conclusion, Parsons Corporation's strong Q3 performance, upward revision of full-year guidance, and strategic focus on acquisitions and organic growth make it an attractive investment opportunity in the national security and global infrastructure markets. The company's presentation at the Raymond James 46th Annual Institutional Investors Conference is an opportunity for investors to learn more about the company's strategic initiatives, financial performance, and growth prospects.