Parsons Reports Record First Quarter 2025 Results Exhibit 99.1 Total revenue for the first quarter of 2025 increased by $19 million, or 1%, to $1.6 billion and was down 2% on an organic basis. Excluding the company's confidential contract, total revenue growth was 11% and organic revenue growth was 7% driven by double-digit growth in Parsons' cyber, transportation, and environmental remediation markets. Operating income increased 7% to $109 million primarily due to stronger program performance and a decreas ...

Q1 2025 Financial Highlights Record Q1 revenue of $1.6 billion increases 1% year-over-year; decreases 2% on an organic basis11% revenue growth excluding confidential contract; increases 7% on an organic basisRecord Q1 net income of $66 million increases $26 million year-over-yearRecord Q1 earnings per share increases 61% to $0.60Record Q1 adjusted EBITDA increases by 5% to $149 million; record adjusted EBITDA margin of 9.6% increases 40 basis pointsStrong book-to-bill ratio of 1.1x supported by a 1.4x ratio ...

King Salman Park Parsons will provide Project Office Management services for King Salman Park, one of the world's most unique urban transformation projects. CHANTILLY, Va., April 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been awarded a contract for Project Management Office (PMO) services by the King Salman Park Foundation for King Salman Park. This 25-month contract marks new work for Parsons. King Salman Park is one of the world's most unique urban trans ...

CHANTILLY, Va., April 16, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today it was selected by the Lee County Port Authority to provide project management services for Phase 1 of the Southwest Florida International Airport (RSW) Terminal Expansion Project in Fort Myers, Florida.  "We are honored to support the Lee County Port Authority to ensure the successful delivery of Phase 1 of the transformative Terminal Expansion Project," said Mark Fialkowski, president of Infrastructure North ...

COLUMBIA, Md., April 15, 2025 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and leading defensive cyber operations solution provider for U.S. national security missions, announces the launch of two new powerful edge computing nodes: the GN 7100 and GN 9000. Both enhance operational effectiveness with customizable capabilities and faster memory speeds in a compact, portable form factor. The new GN 7100 utilizes PCIe Gen 5 and AMD's latest 9000 EPYC series ena ...

CHANTILLY, Va., April 14, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on a $1.5 billion indefinite-delivery, indefinite-quantity multiple award task order contract by the Air Force Civil Engineering Center (AFCEC) to provide architect-engineer services addressing environmental issues, including emerging contaminants such as per- and polyfluoroalkyl substances (PFAS). The contract includes a five-year base period and five one-year option period ...

Core Viewpoint - Parsons Corporation has been awarded a $24 million contract to support the Naval Medical Research Command in biological defense research, focusing on the rapid detection of infectious diseases and enhancing global disease surveillance [1][2]. Group 1: Contract Details - The contract includes a one-year base period and four one-year option periods, totaling $24 million [1]. - Parsons will continue its support for the Biological Defense Research Directorate, facilitating biological research critical to the Department of Defense [2]. Group 2: Company Expertise - Parsons has been involved in this work since 2018, providing experts in various fields such as molecular biology, immunology, and outbreak response [3]. - The company offers a comprehensive range of biodefense services, including risk assessments, biological threat detection, and incident response [3]. Group 3: Company Profile - Parsons is recognized as a leading provider of disruptive technology in national security and global infrastructure, with capabilities spanning cyber and intelligence, space defense, and environmental remediation [5].

Core Viewpoint - Parsons Corporation is set to release its first quarter 2025 financial results on April 30, 2025, and will host a conference call to discuss these results and corporate strategies [1]. Group 1: Financial Results Announcement - The company will announce its first quarter 2025 financial results before the market opens on April 30, 2025 [1]. - A conference call is scheduled for 8:00 a.m. Eastern Time on the same day to discuss earnings and strategic initiatives [1]. Group 2: Access to Information - Access to the live conference call can be obtained through the Investor Relations section of the company's website [2]. - A replay of the conference call will be available on the website approximately two hours after the call and will remain accessible for one year [2]. Group 3: Company Overview - Parsons Corporation is recognized as a leading disruptive technology provider in national security and global infrastructure markets [3]. - The company has capabilities in various sectors including cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection [3].

Core Insights - Parsons Corporation has been selected by Tucson Airport Authority to conduct a PFAS facility investigation at Tucson International Airport, focusing on source area delineation, offsite source differentiation, and remedy feasibility assessment related to PFAS-containing aqueous film forming foam [1][2] - The company emphasizes its expertise in guiding both military and civilian airports through PFAS assessment and remediation processes, highlighting its commitment to environmental and public health [2][3] Company Capabilities - Parsons is recognized as a global leader in addressing PFAS issues, with a specialized team in hydrogeology, human health, ecological risk assessment, and remediation [3][4] - The company has completed over 2,000 PFAS investigations and has designed and installed more than 7,000 PFAS point of entry treatment systems, showcasing its extensive experience in the field [4] Recent Developments - Parsons has recently acquired TRS Group, enhancing its capabilities in thermal remediation technologies specifically for PFAS in soil and firefighting foam [5] - The company continues to invest in technologies and capabilities to address PFAS challenges more effectively and efficiently [5]

Core Viewpoint - Parsons Corporation has increased its stock repurchase authorization to $250 million, reflecting strong operating results and cash flow, while continuing to invest in growth opportunities [1][2]. Company Overview - Parsons Corporation is a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection [3]. Financial Strategy - The increase in share repurchase authority demonstrates the board's confidence in the company's strategic plan and ability to deliver strong operating results and positive shareholder returns [2]. - The company emphasizes its commitment to speed and agility in meeting customer demands in the current operating environment [2]. Market Position - Parsons Corporation's integrated solutions and innovative experience position it well in the national security and global infrastructure sectors, which are critical in today's market [2].