Strong Revenue Growth in Critical Infrastructure
Critical Infrastructure revenue increased by 18% from the third quarter of 2024, driven by organic growth of 13% and inorganic contributions from acquisitions.
Significant Contract Wins
Parsons won 4 contracts over $100 million in Q3, including new work for the Holston Army ammunition plant and a 6-year, $133 million contract for the Georgia State Route 400 Express Lanes.
Improved EBITDA Margins
Adjusted EBITDA margin expanded by 60 basis points to 9.8%, driven by improved program performance and accretive acquisitions.
Record Pipeline and Backlog
Parsons reported a $58 billion pipeline and a backlog of nearly $9 billion, with 72% funded. The company also has $11 billion in contract wins not yet booked.
Successful Acquisitions
Completed another accretive acquisition in the fast-growing water market, enhancing capabilities and presence in Florida.