Parsons Q1: Adj EBITDA record $151M (margin 10.1%); backlog $9.3B record; revenue $1.5B down 4%

PARSONS CORP

2026-Q1 EPS reported $0.49 revenue$1,491,176,000

GAAP net income $53M ($0.49 EPS) vs $0.60 prior year; adjusted EPS $0.79 vs $0.78.
Revenue $1.5B down 4% YoY; organic revenue down 8%; up 8% excluding confidential contract.
Segment: Critical Infra rev +3%, EBITDA +8% (margin 10.8%); Federal Solutions rev -10%, EBITDA -5% (margin 9.4%).
Book-to-bill 1.4x; total backlog $9.3B and funded backlog $6.6B, both records since IPO.
Closed Altamira acquisition up to $375M; won $593M FAA extension, $500M Cyber Command, $340M Middle East transport contract.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

PARSONS CORP updated its the first quarter ended March 31, 2026 guidance (reaffirmed).

Period: the first quarter ended March 31, 2026
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Parson Corporation (the "Company") issued a press release announcing its financial results for the quarter ended March 31, 2026 and certain other financial information.

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Source: SEC EDGAR

accession 0001193125-26-188898

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