Parsons Q1 2023 Earnings Report

Parsons EPS Results

• Actual EPS: $0.37
• Consensus EPS: $0.35
• Beat/Miss: Beat by +$0.02
• One Year Ago EPS: N/A

Parsons Revenue Results

• Actual Revenue: $1.17 billion
• Expected Revenue: $1.05 billion
• Beat/Miss: Beat by +$119.13 million
• YoY Revenue Growth: N/A

Parsons Announcement Details

• Quarter: Q1 2023
• Date: 5/3/2023
• Time: N/A

Parsons (NYSE:PSN) provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides critical technologies, such as cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems; biometrics and bio surveillance solutions to U.S. Department of Defense, including military services; Missile Defense Agency, the Department of Energy; the Department of State; the Department of Homeland Security, and the Federal Aviation Administration. The Critical Infrastructure segment provides management, design, and engineering services, as well as offers leveraging sensor solutions. This segment develops digital solutions for next generation aviation, rail and transit, bridges, roads, and highways; and provides water and wastewater treatment systems; AI/ML, and digital twin and cyber systems integration services; planning, engineering, and management services for infrastructure, including bridges and tunnels, roads and highways, water and wastewater, and dams and reservoirs. Parsons Corporation was founded in 1944 and is headquartered in Chantilly, Virginia.