Parsons Corporation — Third Quarter 2026 Earnings Summary

Parsons Corporation reported third-quarter 2026 revenue of $1.7 billion, representing a 2% year-over-year increase, while adjusted EBITDA reached a record $168 million with a margin of 10.2%. The company achieved a 1.1x book-to-bill ratio and saw total backlog grow to a record $9.4 billion, driven by strong contract awards in both Federal Solutions and Critical Infrastructure segments. Net income decreased to $54 million due to transaction-related expenses, though adjusted diluted earnings per share rose to $0.89. Additionally, the company narrowed its fiscal year 2026 guidance ranges for revenue and adjusted EBITDA while announcing the resignation of its Chief Financial Officer.