PARSONS CORP (PSN) Form 8-K — Oct 28, 2026
Parsons Corporation (NYSE: PSN) reported Q3 2026 revenue of $1.7 billion, up 2% year-over-year, and exceeded its commitments with record adjusted EBITDA of $168 million (10.2% margin, +40 bps) and adjusted diluted EPS of $0.89 versus $0.86 a year ago. GAAP net income fell 16% to $54 million on higher transaction-related expenses. Bookings were strong: contract awards rose 14% year-over-year to $1.8 billion, producing a 1.1x book-to-bill, with Federal Solutions awards up 53%. Total and funded backlog hit records of $9.4 billion and $6.8 billion, and Q3 operating cash flow surged to $269 million from $163 million.
Key figures
- Eps
- 0.51
- Revenue
- 1650548000
- Guidance
- FY2026 revenue narrowed to $6.25B-$6.45B, adjusted EBITDA $510M-$550M, operating cash flow reiterated at $430M-$490M
- Net Income
- 54153000
- Total Debt
- 1357164000
- Revenue Yoy
- 2% increase (down 1% organic; +5% and +2% organic excluding confidential contract)
- Total Assets
- 5985237000
- Cash Position
- 296954000
- Total backlog
- $9.4 billion, record, +6% YoY
- Funded backlog
- $6.8 billion, record, +7% YoY
- Book to bill q3
- 1.1x on net bookings of $1.8 billion
- Book to bill ttm
- 1.1x on net bookings of $7.3 billion
- Adjusted ebitda q3
- $168 million, +6% YoY, record
- Adjusted diluted eps
- $0.89 vs $0.86 prior year
- Adjusted ebitda margin
- 10.2%, +40 bps, record
- Gaap diluted eps prior
- $0.59
- Q3 operating cash flow
- $269 million vs $163 million prior year
- Ttm operating cash flow
- $490 million, +12% YoY
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.