Parsons reports record FY2024 revenue $6.8B, adjusted EBITDA $605M; guides FY2025 $7.0-7.5B

PARSONS CORP

2024-FY EPS reported $2.12 revenue$6,750,576,000

Q4 revenue $1.7B (+16% YoY); EPS $0.49 ($0.78 adjusted); net income $54M (+21%).
FY2024 revenue $6.8B (+24% YoY, +22% organic); net income $235M (+46%); adjusted EBITDA $605M (+30%).
Record contract awards of $7.0B in FY2024 (+17%); backlog $8.9B (+4%).
FY2025 guidance: revenue $7.0-7.5B; adjusted EBITDA $640-710M; operating cash flow $420-480M.
Acquired BCC Engineering ($230M) and TRS Group ($36M) to strengthen infrastructure and remediation.

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