earnings
confidence high
sentiment positive
materiality 0.75
Parsons reports record Q1 revenue $1.6B, EPS $0.60, adjusted EBITDA $149M, reiterates FY2025 guidance
PARSONS CORP
2025-Q1 EPS reported
$0.60
revenue$1,554,360,000
- Record Q1 revenue $1.6B (+1% YoY, -2% organic); ex-confidential contract revenue +11% (+7% organic).
- GAAP diluted EPS $0.60 vs $0.37 (+61%); adjusted EPS $0.78 vs $0.70 (+11%).
- Record adjusted EBITDA $149M (+5%), margin 9.6% (+40bps). Record backlog $9.1B, book-to-bill 1.1x.
- Critical Infrastructure: revenue +14%, adj. EBITDA +51% to $73.2M; Federal Solutions: revenue -7%, adj. EBITDA -18%.
- Board increased buyback authorization to $250M; FY2025 guidance reiterated: rev $7.0-7.5B, adj. EBITDA $640-710M.