Record First Quarter Results
Parsons achieved record first quarter results for total revenue, net income, earnings per share, adjusted EBITDA, and adjusted EBITDA margin.
Strong Backlog and Book-to-Bill Ratio
Total backlog and funded backlog are at all-time highs, with a book-to-bill ratio of 1.1 times, supported by 1.4 times in the Critical Infrastructure segment.
Critical Infrastructure Segment Growth
The segment saw a 14% revenue increase, driven by 8% organic growth and acquisitions, with adjusted EBITDA margin reaching 10.3%, a company record.
Federal Solutions Segment Alignment
The segment aligns with major budget areas, including a potential $1 trillion defense budget in fiscal year 2026, and saw 8% revenue growth excluding the confidential contract.
High Employee Retention
Achieved the best employee retention rates since 2020, which supports the company's ability to execute projects effectively.