Highest-materiality recent filing
Parsons Q2 net loss $15M on $118M charges; cuts FY2026 guidance
Q2 revenue $1.6B (-1% YoY); net loss $15M (GAAP EPS -$0.14) vs prior year net income $55M.
Parsons Q1: Adj EBITDA record $151M (margin 10.1%); backlog $9.3B record; revenue $1.5B down 4%
GAAP net income $53M ($0.49 EPS) vs $0.60 prior year; adjusted EPS $0.79 vs $0.78.
Parsons shareholders re-elect four directors, ratify PwC, approve say-on-pay
Carey A. Smith (88.1M for), Letitia A. Long (77.7M), Harry T. McMahon (91.1M), Robert H. Smith (92.5M) elected to board.
Parsons appoints Soo Lagasse as CHRO effective April 1; Susan Balaguer retires
Susan Balaguer retires as CHRO effective April 1, 2026, stays in advisory role through May.
Parsons grants CEO Carey Smith $10M stock award with 60% performance-based PSUs
Target grant-date value $10M: $6M PSUs (60%) and $4M RSUs (40%), approved on February 20, 2026.
Parsons Q4 rev $1.6B (-8% YoY); record adj EBITDA $153M; FY26 guidance $6.5-$6.8B
Q4 net income $56M (+3%), GAAP EPS $0.51, adj EPS $0.75; FY25 net income $241M (+3%), adj EPS $3.17.
Parsons acquires Altamira Technologies for up to $375M in cash
Base purchase price $330M cash at close; $45M earn-out in Q1 2027 if 2026 EBITDA targets met.
Parsons appoints John Martinez as CLO effective Feb 16, 2026; Mike Kolloway retiring
John Martinez named Chief Legal Officer, succeeding Mike Kolloway who is retiring in Q2 2026.
Parsons appoints former Blue Origin CEO Robert H. Smith to Board of Directors
Robert H. Smith elected to Parsons Board as Class I director effective Dec 1, 2025; Board size increased to 12 members.
Parsons Q3 revenue down 10% to $1.6B; net income slides 11%; margin expands 60 bps
GAAP EPS $0.59 vs $0.65; adjusted EPS $0.86 vs $0.95; net income $64M, down 11% YoY.
Parsons Q2 revenue $1.6B -5% YoY; raises FY2025 guidance; acquires CTI for $89M
Q2 net income $55M (-20% YoY); adjusted EPS $0.78 vs $0.84.
Parsons refinances with $450M term loan and $750M revolver, extending maturities
New $450M unsecured term loan (3-year maturity, no amortization) with $150M accordion; proceeds used to repay existing $350M term loan.
Parsons cuts FY2025 revenue guidance by ~$700M at midpoint on State Dept contract uncertainty
Total revenue guidance lowered to $6.45-6.65B from $7.0-7.5B; midpoint down 3% YoY.
Record Q1 revenue $1.6B (+1% YoY, -2% organic); ex-confidential contract revenue +11% (+7% organic).
Parsons stockholders elect four directors, ratify auditor, approve say-on-pay at 2025 annual meeting
Elected four directors: Ball (91.2M for), Lord (90.7M), McDew (91.1M), Vautrinot (77.6M), each for a three-year term.
Parsons board boosts share repurchase authority to $250M
Board approved increasing stock repurchase authorization to $250 million on March 20, 2025.
Parsons reports record FY2024 revenue $6.8B, adjusted EBITDA $605M; guides FY2025 $7.0-7.5B
Q4 revenue $1.7B (+16% YoY); EPS $0.49 ($0.78 adjusted); net income $54M (+21%).
Record revenue $1.8B (+28% YoY); organic growth 26% (6th consecutive quarter >20%); GAAP EPS $0.65 vs $0.42.
Parsons reports record Q2 2024 revenue of $1.7B, up 23% YoY; raises full-year guidance
Record revenue $1.7B (+23% YoY); organic growth 22% for fifth consecutive quarter above 20%.
Parsons Q1 revenue $1.5B +31% YoY; net loss on convertible note charge; guidance raised
Record revenue $1.5B (+31% YoY), organic growth 29%; net loss $107M due to $214M pre-tax charge on convertible note repurchase.
Parsons stockholders elect all four director nominees, ratify auditor, approve say-on-pay
All four director nominees elected with >93M 'for' votes; broker non-votes ~4.8M on each.
Parsons issues $800M 2.625% convertible notes due 2029; board approves $100M stock buyback
$800M aggregate principal 2.625% Convertible Senior Notes due 2029; initial conversion price ~$94.11 (25% premium over last sale).
Parsons reports record Q4 revenue $1.5B, FY revenue $5.4B; guides FY2024 revenue $5.8-6.0B
Q4 revenue $1.5B (+35% YoY); organic growth 34%; net income $45M (+60%); GAAP EPS $0.39 vs $0.25
Parsons CEO Carey Smith receives one-time $13M equity award; PSUs tied to TSR
RSUs of $4M vest ratably over four years; PSUs with target $6M, max $9M based on relative TSR.
Parsons Q3 record revenue $1.4B (+25% YoY), net income $47M (+60%), raises FY 2023 guidance
Revenue $1.4B (+25% YoY), organic growth 23%; net income $47M (+60%), GAAP EPS $0.42 vs $0.27.
Parsons Q2 record revenue $1.4B, EPS $0.38, raises FY guidance
Record revenue $1.4B (+34% YoY), organic growth 23%, net income $43M (+136%), GAAP EPS $0.38.
Parsons reports record Q1 revenue of $1.2B, up 24% YoY; raises FY2023 guidance
Record Q1 revenue $1.2B (+24% YoY); organic growth 12%; net income $26M (+24%).
Parsons stockholders elect three directors, ratify PwC, approve say-on-pay
Elected Letitia A. Long (85.0M for), Harry T. McMahon (93.7M for), Carey A. Smith (93.1M for) to three-year terms.
Parsons to host virtual Investor Day on March 15, 2023 at NYSE
Investor Day scheduled for March 15, 2023 at 9:00 a.m. ET at NYSE.
Q4 2022 revenue $1.1B (+16% total, +9% organic); adjusted EBITDA $98M record; net income $28M.
Parsons amends bylaws to adopt universal proxy rules and enhance stockholder meeting procedures
Board adopted Second Amended and Restated Bylaws effective January 16, 2023.
Parsons Q3 revenue up 19% to $1.13B; net income up 53%; raises FY2022 guidance
Revenue $1,134M (+19% YoY) with organic growth of 11%; Federal Solutions +24%, Critical Infrastructure +13%.
Parsons enters $350M delayed draw term loan with $150M accordion, 3-year maturity
$350M unsecured delayed draw term loan; optional increase up to $150M, 3-year maturity.
Parsons Q2 revenue up 15% to $1.01B; raises FY2022 guidance
Revenue $1,009M (+15% YoY, 9% organic); GAAP EPS $0.17 vs $0.06; adjusted EPS $0.41 vs $0.32.
Parsons appoints new CFO and adds two board members
Matthew Ofilos named CFO effective July 25, 2022, replacing retiring George L. Ball.
Parsons subsidiary agrees to acquire Xator for $400M cash
Parsons Government Services, Inc. will acquire 100% of Xator LLC for $400 million in cash.
Parsons to acquire Xator Corporation for $400M; accretive to 2023 EPS
Total consideration $400M; net of $57M tax benefit values deal at ~$343M.
Parsons Q1 revenue up 9% to $949M; net income +129%; reiterates FY22 guidance
Revenue $949M (+9% YoY), organic growth 6%; net income $21M vs $9M prior year.
Parsons Corp. annual meeting results: directors elected, auditor and say-on-pay approved
Darren W. McDew elected with 86.7M votes for; Suzanne M. Vautrinot elected with 81.3M votes for.
Parsons reports Q4 revenue $951M, adj EBITDA $91M; issues FY22 revenue guidance $3.7-3.9B
Q4 revenue $951M (-1% YoY, -6% organic); net income $29M; adj EPS $0.55 vs $0.51 YoY.
Parsons appoints Carey Smith as Chairwoman, Steven Leer as Lead Independent Director
Carey A. Smith elected Chairwoman, effective April 14, 2022; she continues as President and CEO.
Parsons Q3 revenue down 5% YoY to $956M; adjusted EBITDA margin 8.8%
Revenue $956M (-5% YoY); net income $19M ($0.18 EPS) vs $0.40 YoY; adjusted EPS $0.44.
Board authorizes $100M stock repurchase program
Board approved repurchase of up to $100M of common stock, commencing August 12, 2021.
Parsons Q2 revenue falls 10% to $879M; net income $7M; FY guidance reduced
Q2 revenue $879M (-10% YoY); net income $7M ($0.06 EPS); adjusted EPS $0.32 vs $0.49 prior year.
Parsons completes accretive $203M acquisition of BlackHorse Solutions
Acquisition valued at $203 million; accretive to Parsons.
the Board also unanimously elected to appoint each of Ellen Lord and George Ball to serve on the Board effective July 25, 2022.
the Board also unanimously elected to appoint each of Ellen Lord and George Ball to serve on the Board effective July 25, 2022.
On July 20, 2022, the board of directors (the “Board”) of Parsons Corporation (the “Corporation”) unanimously appointed Matthew Ofilos as the Corporation’s Chief Financial Officer (“CFO”) effective July 25, 2022 due to the retirement of George L. Ball, who served as CFO since 2008 and will remain in an advisory capacity through September 2022.
On July 20, 2022, the board of directors (the “Board”) of Parsons Corporation (the “Corporation”) unanimously appointed Matthew Ofilos as the Corporation’s Chief Financial Officer (“CFO”) effective July 25, 2022 due to the retirement of George L. Ball, who served as CFO since 2008 and will remain in an advisory capacity through September 2022.
the appointment of Carey A. Smith as Chairwoman of the Board of Directors effective as of the annual shareholders’ meeting on April 14, 2022.
the appointment of Steven F. Leer as the Lead Independent Director of the Board of Directors effective as of the annual shareholders’ meeting on April 14, 2022.
The term for Parsons’ current Lead Independent Director, James F. McGovern, will expire on April 14, 2022 due to his retirement upon reaching the mandatory retirement age for board members.
The term for Parsons’ current Chairman of the Board of Directors, Charles L. Harrington, will expire on April 14, 2022 due to his retirement.
Max materiality 0.90 · Median 0.75 · Most common event earnings