Parsons Corp Reports Record Q1 2025 Results

Parsons Corp ( (PSN) ) has released its Q1 earnings. Here is a breakdown of the information Parsons Corp presented to its investors.

Parsons Corporation is a leading provider of disruptive technology solutions in the national security and global infrastructure markets, with expertise in areas such as cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection.

In its first quarter of 2025, Parsons Corporation reported record financial results, with total revenue reaching $1.6 billion, a 1% increase year-over-year. The company also saw significant growth in net income, which rose by 67% to $66 million, and earnings per share, which increased by 61% to $0.60.

Key financial metrics from the quarter include a 5% increase in adjusted EBITDA to $149 million and a record adjusted EBITDA margin of 9.6%. The company’s backlog also reached a new high of $9.1 billion, supported by a strong book-to-bill ratio of 1.1x, particularly in the Critical Infrastructure segment. Parsons’ revenue growth was driven by double-digit increases in its cyber, transportation, and environmental remediation markets.

Parsons continues to secure significant contracts across its segments, including multiple awards exceeding $100 million each. The company has also been recognized as one of the World’s Most Ethical Companies for the 16th consecutive year and has expanded its environmental remediation capabilities through strategic acquisitions.

Looking ahead, Parsons Corporation remains optimistic about its future prospects, reiterating its fiscal year 2025 guidance for revenue, adjusted EBITDA, and cash flow from operations. The company is well-positioned to capitalize on global infrastructure spending and align with national security priorities, aiming to deliver long-term shareholder value.