Parsons Corp ( (PSN) ) has released its Q2 earnings. Here is a breakdown of the information Parsons Corp presented to its investors.
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Parsons Corporation is a leading provider of disruptive technology solutions in the national security and global infrastructure sectors, known for its work in cyber and intelligence, space and missile defense, and critical infrastructure protection.
In its second quarter of 2025, Parsons Corporation reported a mixed financial performance with a revenue of $1.6 billion, marking a 5% decrease from the previous year. Despite this, the company experienced a 13% revenue growth excluding a confidential contract, driven by its transportation and cyber markets.
Key financial highlights include a net income of $55 million, a decrease of $14 million year-over-year, and an adjusted EBITDA of $149 million, which saw a slight decrease of 1%. The company maintained a book-to-bill ratio of 1.0x, and its total backlog increased to $8.9 billion, with 70% of it funded. Parsons also announced significant contract wins and strategic acquisitions, including the purchase of Chesapeake Technologies International.
Parsons’ Federal Solutions segment saw a 19% revenue decrease, while its Critical Infrastructure segment experienced a 14% increase in revenue, driven by both organic growth and acquisitions. The company continues to benefit from global infrastructure spending and demand for national security solutions, positioning itself for future growth.
Looking ahead, Parsons is optimistic about its growth prospects, supported by a strong backlog and pipeline of opportunities. The company has increased its fiscal year 2025 guidance for revenue, adjusted EBITDA, and cash flow from operations, reflecting its positive outlook for the remainder of the year.