Parsons (PSN) Q2 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 21, 2026 astatine 11:09 AM CDT 42 min read

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Wednesday, Aug. 6, 2025 astatine 8 a.m. ET

• Chair, President, and Chief Executive Officer — Carey A. Smith

• Chief Financial Officer — Matthew M. Ofilos

• Senior Vice President, Investor Relations — David Spille

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Operator: Good day, and convey you for lasting by. Welcome to the Second Quarter 2025 Parsons Corporation Earnings Conference Call. [Operator Instructions] After the speaker's presentation, determination volition beryllium a question-and-answer session. [Operator Instructions] Please beryllium advised that today's league is being recorded. I'd present similar to crook the league implicit to Dave Spille, Senior Vice President, Investor Relations. Please spell ahead.

David Spille: Thanks, Liz. Good morning, and convey you for joining america contiguous to sermon our 2nd 4th 2025 fiscal results. Please enactment that we provided presumption slides connected the Investor Relations conception of our website. On the telephone with maine contiguous are Carey Smith, Chair President and CEO; and Matt Ofilos, CFO. Today, Carey volition sermon our firm strategy and operational highlights, and past Matt volition supply an overview of our 2nd 4th fiscal results arsenic good arsenic a reappraisal of our 2025 guidance. We past volition adjacent with a question-and-answer session. Management whitethorn besides marque forward-looking statements during the telephone regarding aboriginal events, anticipated aboriginal trends and the anticipated aboriginal show of the company.

We caution you that specified statements are not guarantees of aboriginal show and impact risks and uncertainties that are hard to predict. Actual results whitethorn disagree materially from those reflected successful the forward- looking statements owed to a assortment of factors. These hazard factors are described successful our Form 10-K for fiscal twelvemonth ended December 31, 2024, and different SEC filings. Please notation to our net property merchandise for Parsons' implicit forward-looking connection disclosure. We bash not undertake immoderate work to update forward-looking statements. Management volition besides marque notation to non-GAAP fiscal measures during this call. We punctual you that these non-GAAP fiscal measures are not a substitute for their comparable GAAP measures.

And present I'll crook the telephone implicit to Carey.

Carey A. Smith: Thank you, Dave. Good morning. Welcome to Parsons Second Quarter 2025 Earnings Call. We're pleased with our 2nd 4th results arsenic currency travel exceeded our forecast and our gross and adjusted EBITDA were successful enactment with our expectations and the guidance assumptions we outlined connected June 2, 2025. Excluding the gross interaction from our confidential declaration for some Q2 2025 and Q2 2024, our 2nd 4th full and integrated gross maturation rates were 13% and 8%, respectively. This maturation includes double-digit full gross maturation successful 3 of our 4 concern units with the 4th concern portion increasing 9% year-over-year.