Parsons touts big fourth quarter, full 2024 earnings

Earnings rose at Parsons, Chantilly, Va., in the fourth quarter and the full year of 2024, the company reported early Wednesday.

Net earnings for the fourth quarter ended Dec. 31 were $54 million or $ $0.49 a share, up from $49 million, or $ $0.39a share, in the year-ago quarter. Quarterly revenue was $1.7 billion up year-over-year from $1.5 billion.

For the full year, Parsons saw record net earnings of $235 million or $2.12 per share, up from $161 million or $1.42 per share. Full year revenue was nearly $6.8 billion, up from $5.4 billion in 2023.

The Parsons earnings were outlined in a press release. There is also a slide presentation available. A recording of the quarterly earnings call is available online.

“We are delivering consistent results as we reported double-digit organic revenue growth every quarter for the last two years,” said Parson CEO Carey Smith.

In January Parsons announced the receipt of a $21-million National Nuclear Security Administration task order for infrastructure design and management support at the Los Alamos National Laboratory in New Mexico. 

Parsons is also a junior partner to the Leidos-led Hanford Mission Integration Solutions joint venture providing site services at the Department of Energy Hanford Site in Washington state. The Hanford agreement is a long-term contract currently valued at about $4 billion.