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Parsons Corp (PSN)
:PSN
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.82Last Year’s EPS
0.7Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -11.46%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive overall sentiment with Parsons delivering record revenue, strong contract awards, and successful acquisitions. Despite challenges related to a confidential contract and procurement environment, the company's strong balance sheet, cash flow, and strategic alignment with market priorities suggest a positive outlook.Company Guidance
During the fiscal year 2024 earnings call, Parsons reported record financial results and provided guidance for 2025. The company achieved a remarkable 22% organic revenue growth and a 30% increase in adjusted EBITDA, also expanding its adjusted EBITDA margin by 50 basis points. Total revenue exceeded $6.7 billion for the first time, with $7 billion in contract awards, a 17% increase from 2023. The Federal Solutions segment saw a 33% revenue increase, driven by organic growth and acquisitions, while Critical Infrastructure grew 13% organically. For 2025, Parsons expects revenue between $7.0 billion and $7.5 billion, reflecting approximately 7.5% growth at the midpoint. Adjusted EBITDA is projected between $640 million and $710 million, with a margin of 9.3% at the midpoint, indicating continued focus on margin expansion. They anticipate 5% organic growth, excluding lower volumes on a confidential contract, and plan to continue strategic acquisitions to sustain growth. The company's strong financial health, with a net debt leverage ratio of 1.3x, supports its investment in high-growth areas like artificial intelligence, cyber, and biometrics.Record Financial Performance
Parsons achieved record results for total revenue, adjusted EBITDA, and contract awards for both the fourth quarter and the fiscal year 2024. Organic revenue growth was 22%, and adjusted EBITDA growth was 30% for the fiscal year.
Strong Contract Awards
Record contract awards increased to $1.7 billion in the fourth quarter, a 34% increase, with a full-year record of $7 billion, up 17% from 2023. Key wins included contracts in Saudi Arabia, Newark AirTrain, and cybersecurity, showcasing broad-based demand.
Successful Acquisitions
Parsons completed strategic acquisitions of BlackSignal and BCC Engineering, enhancing capabilities in federal solutions and critical infrastructure. The acquisitions have already realized revenue synergies.
Strong Balance Sheet and Cash Flow
Parsons ended the year with a strong balance sheet, achieving a free cash flow conversion rate of 116% of adjusted net income.
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PSN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PSN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $73.50 | $65.08 | -11.46% |
| Oct 30, 2024 | $105.03 | $110.00 | +4.73% |
| Jul 31, 2024 | $77.18 | $91.37 | +18.39% |
| May 01, 2024 | $78.51 | $77.63 | -1.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Parsons Corp (PSN) report earnings?
Parsons Corp (PSN) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Parsons Corp (PSN) earnings time?
Parsons Corp (PSN) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PSN EPS forecast?
PSN EPS forecast for the fiscal quarter 2025 (Q1) is 0.82.
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