PARSONS CORP (PSN) Form 10-Q — Oct 28, 2026
Parsons reported Q3 2026 revenue of $1.65 billion, up 1.8% year-over-year, but net income attributable to Parsons fell to $54.2 million ($0.51 basic EPS) from $64.1 million ($0.60) a year ago. Nine-month results were materially weaker, with EPS of $0.86 versus $1.74 last year, driven by an $82 million operating income hit from two loss-position Remote Programs contracts now classified as held for sale and a higher 23.3% effective tax rate versus 16.4%.
Key figures
- Eps
- 0.51
- Revenue
- 1650548000
- Net Income
- 54153000
- Total Debt
- 1357164000
- Revenue Yoy
- Q3 +1.8% vs. $1.62B; nine-month revenue -0.9% vs. $4.76B
- Total Assets
- 5985237000
- Cash Position
- 296954000
- Shares Outstanding
- 105538883
- Q3 buyback
- 1,294,695 shares at $46.34 average; $60 million in Q3
- Rupo backlog
- $7.6 billion remaining unsatisfied performance obligations
- Q3 2025 eps basic
- 0.6
- Q3 2026 eps basic
- 0.51
- Q3 adjusted ebitda
- 154380000
- Operating income q3
- 103819000
- Nine month eps basic
- 0.86
- Nine month eps prior
- 1.74
- Atc acquisition price
- $339 million cash plus up to $45 million earnout
- Effective tax rate q3
- 23.3% vs 16.4%
- Operating income q3 prior
- 107955000
- Loss contract revenue reduction
- $14.8 million revenue reduction, $61.2 million contract liability increase from two loss contracts
- Remaining buyback authorization
- $579.7 million
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