Parsons (PARS) Reports Higher Q4 Profit Amid Project Deliveries

Parsons Corporation (PARS) reported a 12% increase in fourth-quarter profit to $149 million, driven by strong project deliveries and cost controls. The company attributed the improvement to execution gains and a favorable backlog of projects in infrastructure and professional services. Revenue for the quarter totaled $1.02 billion, up 7% year-over-year. The earnings guidance for 2025 remained unchanged at $2.10 per share, reflecting confidence in continued momentum despite macroeconomic headwinds.