Parsons Reports First Quarter 2026 Results
Parsons Corporation (PSN)
Last parsons corporation earnings: 3/10 06:30 am
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Source: GlobeNewswire
Q1 2026 Financial Highlights Q1 revenue of $1.5 billion decreased 4% year-over-year and 8% on an organic basisRevenue growth of 8% excluding confidential contract; 3% on an organic basisNet income of $53 million decreased $13 million year-over-yearAdjusted EBITDA increased 1% to $151 million, a Q1 recordAdjusted EBITDA margin expanded 50 basis points to a record 10.1%Cash flow used in operating activities of $4 million, a Q1 recordBook-to-bill ratio of 1.4x in both segments extends company streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPOTotal and funded backlog increased to a record $9.3 billion and $6.6 billion, respectivelyReiterating fiscal year 2026 guidance ranges CHANTILLY, Va., April 29, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the first quarter ended March 31, 2026. CEO Commentary “Our first quarter results highlighted the resilience of our business and our team's high level of
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News
- Parsons Tops Profit Estimates Despite Revenue Dip, Shares Gain 3% [Yahoo! Finance]Yahoo! Finance
- Parsons Marks Groundbreaking of SR 400 Express Lanes Project in Georgia [Yahoo! Finance]Yahoo! Finance
- Parsons Marks Groundbreaking of SR 400 Express Lanes Project in GeorgiaGlobeNewswire
- Parsons (PSN) had its price target lowered by Truist Financial Corporation from $85.00 to $75.00. They now have a "buy" rating on the stock.MarketBeat
- Parsons Demand Response Technology to Optimize and Enable Los Angeles Department of Water & Power’s Operations and Strategic PlanGlobeNewswire
PSN
Earnings
- 4/29/26 - Beat
PSN
Sec Filings
- 4/29/26 - Form 8-K
- 4/29/26 - Form 10-Q
- 4/15/26 - Form 4
- PSN's page on the SEC website