Parsons raises 2024 guidance after record Q3 revenue of $1.8 billion, up 28%
Parsons Corporation reported record third-quarter 2024 revenue of $1.8 billion, up 28%, and net income attributable to Parsons of $72 million, up 52%. The company raised its fiscal 2024 revenue, adjusted EBITDA, and operating cash flow guidance ranges, citing its third-quarter performance and the BlackSignal acquisition.
Key points
- Q3 2024 revenue rose 28% to $1.8 billion; net income rose 52% to $72 million; diluted EPS was $0.65 versus $0.42 a year earlier.
- Fiscal 2024 revenue guidance raised to $6.6 billion-$6.8 billion from $6.35 billion-$6.55 billion; adjusted EBITDA guidance raised to $590 million-$620 million.
- Critical Infrastructure adjusted EBITDA fell 25% to $47 million in Q3, driven by a write-down on a legacy program.
- Nine-month net income attributable to Parsons was $33.8 million, down from $116.2 million, after a $211 million loss on extinguishment of debt.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.