Parsons Q2 net loss $15M on $118M charges; cuts FY2026 guidance

PARSONS CORP

Q2 revenue $1.6B (-1% YoY); net loss $15M (GAAP EPS -$0.14) vs prior year net income $55M.
Adjusted EBITDA $42M (-72% YoY); excluding $118M charges, adjusted EBITDA $161M (+8%).
FY2026 guidance cut: revenue $6.2B-$6.5B (from $6.5B-$6.8B), adjusted EBITDA $500M-$560M (from $615M-$675M).
Book-to-bill 1.2x; contract awards up 24% YoY; total backlog $9.3B.
Federal Solutions revenue down 6% (organic -14%); Critical Infrastructure up 5% (organic +4%).

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