Parsons Corporation (PSN) Goldman Sachs Industrials and Materials Conference 2025 December 3, 2025 2:10 PM EST
Company Participants
Carey Smith – President, CEO & Chairwoman
Matt Ofilos – Chief Financial Officer
Conference Call Participants
Noah Poponak – Goldman Sachs Group, Inc., Research Division
Presentation
Noah Poponak
Goldman Sachs Group, Inc., Research Division
All right. Good afternoon, everybody. We’ll keep forging ahead in the aerospace and defense sector with our next presentation from Parsons. And with me on the stage here is Carey Smith, who is the CEO; and Matt Ofilos, who is the CFO. So Carey and Matt, thanks so much for joining me here today.
Carey Smith
President, CEO & Chairwoman
Thanks for having us back, Noah.
Question-and-Answer Session
Noah Poponak
Goldman Sachs Group, Inc., Research Division
It’s great to have you. Maybe just starting high level at the sort of industry end market level and the backdrop and environment. We’ve had DOGE and similar efforts. Then we had a government shutdown. Where are we now? Are things normal? Are they close to normal? Are they still completely abnormal? What are you seeing in the marketplace?
Carey Smith
President, CEO & Chairwoman
Sure. So I would say with DOGE, I think that’s pretty much behind us. I will say it affected a lot of the companies in our sector. From a Parsons perspective, we were very fortunate because we were not impacted by DOGE other than that our stock price went down with our peers but we did not have any contracts that were terminated or canceled. And the main reason is because we’re a solutions-oriented company. We don’t do IT work and we don’t do consulting work. So we really weren’t on their target list. But I do think that’s behind us.
Relative to the shutdown, we’re happy that’s behind
