Parsons Corporation: Will The Acquisition of BCC Engineering Help Strengthen Its Infrastructure Footprint?

Parsons Corporation delivered an impressive performance in the third quarter of 2024, showcasing record results across multiple financial metrics. Revenues reached $1.8 billion, marking a 28% year-over-year increase, primarily due to strong organic growth of 26% and strategic acquisitions. Notably, the Federal Solutions segment saw significant growth, with revenues increasing by 42%, driven by larger contracts in cyber and intelligence markets. Meanwhile, Critical Infrastructure reported a 10% revenue increase, continuing its trajectory of growth.