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Mar 31, 2025
Parsons Q1 2025 Earnings Report
Reported record first quarter 2025 results with increases in revenue, net income, earnings per share, adjusted EBITDA, and backlog compared to the prior year period.
Key Takeaways
Parsons reported record first quarter 2025 results, including record revenue of $1.6 billion, a 1% increase year-over-year, and record net income of $66 million, a 67% increase. Diluted EPS increased to $0.60, and Adjusted EBITDA rose 5% to $149 million with a margin of 9.6%. The company achieved a strong book-to-bill ratio of 1.1x and a record total backlog of $9.1 billion, while reiterating its fiscal year 2025 guidance.
Record Q1 2025 revenue of $1.6 billion, a 1% increase year-over-year.
Record Q1 2025 net income of $66 million, a 67% increase year-over-year.
Record Q1 2025 diluted earnings per share of $0.60, a 61% increase year-over-year.
Record Q1 2025 adjusted EBITDA of $149 million, a 5% increase year-over-year, with adjusted EBITDA margin expanding to 9.6%.
Revenue by Segment
Forward Guidance
Parsons is reiterating its fiscal year 2025 guidance ranges for revenue, adjusted EBITDA, and cash flow from operations.
Positive Outlook
- Reiterating fiscal year 2025 revenue guidance range of $7.0 billion to $7.5 billion.
- Reiterating fiscal year 2025 adjusted EBITDA guidance range of $640 million to $710 million.
- Reiterating fiscal year 2025 cash flow from operating activities guidance range of $420 million to $480 million.
Challenges Ahead
- Net income guidance is not presented due to volatility associated with interest, taxes, depreciation, amortization, and other matters, including one-time and nonrecurring events and the impact of M&A.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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