PARSONS CORP. (PSN) Q3 2025 TL;DR
Parsons reported top-line pressure with 9-month revenue falling 5.1% to $4.76 billion, though Net Income slightly improved year-over-year to $185.6 million (Diluted EPS $1.69), largely due to the favorable comparative impact of a prior period accounting change. Operating cash conversion worsened due to significant working capital use, primarily in Accounts Receivable.
Business & Segment Highlights: Performance was divergent. The Federal Solutions (FS) segment revenue contracted sharply following reorganization on a confidential Department of State
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