Earnings ·
Parsons reports Q3 revenue of $1.7 billion and record adjusted EBITDA of $168 million
PSNParsons Corp
Parsons Corporation reported third-quarter 2026 results with total revenue reaching $1.7 billion, a 2% increase year-over-year, while adjusted EBITDA hit a record $168 million, up 6%. Net income decreased to $54 million due to transaction-related expenses, resulting in diluted EPS of $0.51 compared to $0.59 in the prior year period. The company achieved a book-to-bill ratio of 1.1x and reported record total backlog of $9.4 billion. Additionally, CFO Matt Ofilos announced his resignation effective November 6, 2026, with former CFO George Ball appointed as interim CFO. Parsons Corporation is a leading provider of disruptive technology solutions in national security and global infrastructure markets.