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Parsons (PSN) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.86 per share a year ago.
CHANTILLY, Va., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced that Matt Ofilos will resign as Executive Vice President and Chief Financial Officer, effective November 6, 2026, to pursue another professional opportunity. Ofilos' resignation is not the result of any disagreement with the company on any matter relating to the company's operations, policies, or practices.
Q3 2026 Key Takeaways Revenue, profitability, and cash flow exceeded commitments, with adjusted EBITDA and margin reaching record levels Continued strong demand across both segments, with contract awards increasing 14% year-over-year and a 1.1x consolidated book-to-bill ratio, including a 53% increase in Federal Solutions contract awards Record total and funded backlog Third-quarter financial results, combined with growing backlog, strong bookings, and a robust pipeline, underscore the resilience of the company's portfolio and provide a solid foundation for sustained organic growth across both segments Q3 2026 Highlights Achieved a 1.1x book-to-bill ratio, maintaining a TTM ratio of at least 1.0x in every quarter since 2019 IPO; both segments delivered a third-quarter ratio of 1.0x or greater Q3 revenue of $1.7 billion increased 2% year-over-year and decreased 1% on an organic basis, exceeding commitments Revenue growth of 5% excluding confidential contract; 2% on an organic basis Net income of $54 million decreased $10 million. Net income was impacted by transaction-related expenses Adjusted EBITDA increased 6% to a record $168 million; margin expanded 40 basis points to a record 10.2% Total and funded backlog increased 6% and 7%, respectively, both reaching record levels of $9.4 billion and $6.8 billion Signed a definitive purchase agreement and finalizing novation for the divestiture of the remote-location contracts; made measurable progress on the Critical Infrastructure joint venture program Narrowing and reiterating mid-point of fiscal year 2026 revenue and adjusted EBITDA guidance ranges; reiterating operating cash flow guidance range CHANTILLY, Va.
Shares of Parsons Corporation (NYSE: PSN - Get Free Report) have received a consensus rating of "Moderate Buy" from the sixteen research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have assigned a buy recommendation to the
Parsons receives a success memo for PFAS remediation, making it easier for DOW buyers to secure Parsons' patented thermal conduction heating technology.
CHANTILLY, Va., Oct. 06, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will release third-quarter 2026 financial results before the market opens on Wednesday, October 28, 2026. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and guidance, followed by a question-and-answer session.
Key Takeaways: Parsons awarded $85 million Other Transaction Authority (OTA) Agreement to deliver U.S. Space Command's new purpose-built Command and Control Facility at Redstone Arsenal in Alabama, further expanding Parsons' growing defense infrastructure business. The 950,000-square-foot campus will support up to 1,800 personnel and include secure mission-critical facilities and infrastructure.
Insperity (NYSE: NSP - Get Free Report) and Parsons (NYSE: PSN - Get Free Report) are both industrials companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, valuation, risk, analyst recommendations, profitability, dividends and earnings. Insider and Institutional Ownership 93.4% of Insperity shares are held