Parsons Corporation announced on March 24, 2025, that its board of directors has increased the company’s stock repurchase authorization to $250 million. This decision reflects Parsons’ strong operating results and cash flow, enabling the company to return capital to shareholders. The authorization underscores the board's confidence in the company's financial strength and strategic direction.
Carey Smith, Parsons’ Chair, President, and Chief Executive Officer, stated that the company's strong operating results and cash flow allow it to increase share repurchases while simultaneously executing on its strategic plan. This plan involves investing in accretive organic and inorganic growth opportunities. The board's support for the increased authority reflects their collective confidence in Parsons' strategy and ability to deliver strong operating results.
The share repurchase program is intended to drive positive shareholder returns. Parsons emphasizes its integrated solutions, demonstrated experience as an innovator in national security and global infrastructure markets, and commitment to speed and agility. The company's capital deployment strategy aims to increase shareholder value through both internal investments and capital returns.
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