NYSE$PSN
Parsons Corporation · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Parsons reported record revenue and earnings for Q4 2024, marking its eighth consecutive quarter of double-digit organic growth.
Parsons Corporation posted strong Q4 2024 results with 16% revenue growth, reaching $1.73 billion. Net income rose 21% to $54.18 million, while adjusted EBITDA increased 14% to $147 million. The company achieved strong contract awards and maintained a book-to-bill ratio of 1.0x, positioning itself for continued growth in 2025.
- Revenue grew 16% YoY to $1.73 billion, driven by organic growth of 14% and acquisitions.
- Net income increased 21% YoY to $54.18 million, with GAAP EPS rising to $0.49.
- Federal Solutions revenue surged 19% YoY, while Critical Infrastructure grew 12%.
- Parsons secured record contract awards of $1.7 billion in Q4, up 34% YoY.
Headline financials
Revenue & EPS history
Parsons · Revenue · Quarterly
$1.73B
Forward guidance
Parsons expects revenue growth between 3% and 11% in FY 2025, with an adjusted EBITDA range of $640M to $710M, supported by continued contract wins and strategic acquisitions.
Tailwinds
- Revenue guidance for FY 2025 set between $7.0B and $7.5B, indicating strong growth potential.
- Expected adjusted EBITDA of $640M to $710M, reflecting margin expansion efforts.
- Continued investment in cybersecurity and infrastructure modernization to drive organic growth.
- Robust backlog of $8.9 billion supports revenue visibility for the coming year.
- Strategic acquisitions of BCC Engineering and TRS Group enhance capabilities and market presence.
Headwinds
- Book-to-bill ratio of 1.0x suggests contract awards need to accelerate to sustain long-term growth.
- Operating margin impacted by cost adjustments in two programs, reducing efficiency gains.
- Potential volatility in net income due to interest, taxes, and acquisition-related amortization.
- Competitive pressures in federal contracts may affect pricing and margins.
- Macroeconomic uncertainties, including infrastructure funding cycles, could impact revenue timing.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-0.2%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+3.5%
Avg return
30 days after
48%
16 / 33 earnings
Positive
+14.7%
Q2 2024
Best reaction
-14.2%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.9% | -3.6% | +14.1% | |
| Q4 2025 | -14.2% | -9.7% | -21.7% | |
| Q3 2025 | +4.2% | +7.9% | -16.2% | |
| Q1 2025 | -2.6% | -11.1% | -5.6% | |
| Q4 2024 | -11.5% | -20.1% | -19.7% | |
| Q3 2024 | +3.0% | +4.4% | -8.7% | |
| Q2 2024 | +14.7% | +15.5% | +23.7% | |
| Q1 2024 | -1.5% | +1.4% | -3.0% | |
| Q4 2023 | +10.3% | +11.0% | +20.9% | |
| Q3 2023 | +7.8% | +9.0% | +12.3% | |
| Q2 2023 | +9.0% | +10.2% | +15.5% | |
| Q1 2023 | +3.3% | +3.0% | +7.5% | |
| Q4 2022 | -3.2% | -1.7% | -10.4% | |
| Q3 2022 | +2.2% | +5.9% | +5.7% | |
| Q2 2022 | -2.5% | -3.1% | -4.7% | |
| Q1 2022 | +2.7% | -4.4% | +10.5% | |
| Q4 2021 | +0.5% | +4.7% | +16.8% | |
| Q3 2021 | +3.7% | +6.3% | -4.5% | |
| Q2 2021 | -11.9% | -8.4% | -5.1% | |
| Q1 2021 | -3.0% | -2.1% | -6.9% | |
| Q4 2020 | -8.9% | -11.2% | -1.6% | |
| Q3 2020 | -8.9% | -6.2% | +5.4% | |
| Q2 2020 | -0.4% | +0.5% | -2.0% | |
| Q1 2020 | +0.5% | +5.2% | +12.5% | |
| Q1 2018 | -3.8% | -12.6% | +7.3% | |
| Q2 2018 | -3.8% | -12.6% | +7.3% | |
| Q4 2019 | -3.8% | -12.6% | +7.3% | |
| Q4 2017 | -3.8% | -12.6% | +7.3% | |
| Q3 2018 | +1.3% | +3.2% | +12.2% | |
| Q3 2019 | +1.3% | +3.2% | +12.2% | |
| Q2 2019 | -5.7% | -5.7% | -2.7% | |
| Q1 2019 | +11.4% | +21.2% | +15.7% | |
| Q4 2018 | +11.4% | +21.2% | +15.7% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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