Parsons Tops Profit Estimates Despite Revenue Dip, Shares Gain 3% [Yahoo! Finance]
Parsons Corporation (PSN)
Last parsons corporation earnings: 3/10 06:30 am
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Source: Yahoo! Finance
Shares rose 3.2% in premarket trading, with investors focusing on record margins and a strong backlog. Adjusted earnings per share came in at $0.79, beating the analyst consensus of $0.69 by $0.10. Revenue totaled $1.5 billion, in line with estimates but down 4% year over year, or 8% on an organic basis. Excluding a confidential contract, revenue increased 8% year over year, with organic growth of 3% driven by strength in Critical Infrastructure Protection, Space and Missile Defense, and Transportation. Adjusted EBITDA reached a record $151 million, up 1% from the prior year, while margins expanded by 50 basis points to a record 10.1%. Net income declined 20% to $53 million. Operating cash flow improved to a $4 million outflow, marking a record first-quarter performance compared with a $12 million outflow in the same period last year. “Our first quarter results highlighted the resilience of our business and our team's high level of execution, as we delivered our highest adj
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News
- Parsons Reports First Quarter 2026 ResultsGlobeNewswire
- 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