---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-188898"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T02:26:32.757591+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-188898
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275880/000119312526188898/0001193125-26-188898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000119312526188898/psn-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-188898
- JSON: https://secwatch.observer/filing/0001193125-26-188898.json
- Plain text: https://secwatch.observer/filing/0001193125-26-188898.txt

## Key facts
- Earnings Releases
  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
  source text: Parson Corporation (the "Company") issued a press release announcing its financial results for the quarter ended March 31, 2026 and certain other financial information.
  evidence_url: https://www.sec.gov/Archives/edgar/data/275880/000119312526188898/0001193125-26-188898-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.