Oct 28, 6:40 AM ET
Parsons Corporation (NYSE: PSN) said CFO Matt Ofilos will resign effective November 6, 2026, to pursue another professional opportunity, and that his resignation is not due to a disagreement with the company. The board appointed George Ball, a former CFO and current director, as interim CFO on the same date while it searches for a permanent successor.
- Matt Ofilos resigns as CFO effective November 6, 2026; the filing says there was no disagreement on operations, policies or practices.
- George Ball, CFO from 2008 to 2022 and a board member since 2022, was appointed interim CFO on October 26, 2026, effective November 6, 2026.
- Ball will receive a $2.4 million restricted stock unit award that vests on the one-year anniversary, pro-rated for his actual interim service period.
- The same-day third-quarter 2026 earnings release reaffirmed the fiscal 2026 revenue and adjusted EBITDA guidance midpoints and narrowed the ranges.
Read the filing on SEC.gov ↗
Oct 28, 6:30 AM ET
Parsons reported third-quarter 2026 results on October 28, 2026. Revenue rose 2% to $1.7 billion and adjusted EBITDA reached a record $168 million, but net income fell 16% to $54 million and GAAP diluted EPS was $0.51 versus $0.59, which the company attributed mainly to transaction-related expenses. CFO Matt Ofilos will resign effective November 6, 2026, and director George Ball was named interim CFO, while fiscal 2026 revenue and adjusted EBITDA guidance midpoints were reiterated after the ranges were narrowed.
- Q3 2026 revenue was $1.7 billion, up 2% year-over-year and down 1% on an organic basis
- Net income was $54 million versus $64 million a year earlier; GAAP diluted EPS was $0.51 versus $0.59
- Adjusted EBITDA rose 6% to a record $168 million; adjusted EBITDA margin was a record 10.2%
- CFO Matt Ofilos resigns effective November 6, 2026; George Ball appointed interim CFO
Read the filing on SEC.gov ↗
Jul 29, 6:30 AM ET
Parsons reported second quarter 2026 results on July 29, 2026, with revenue of $1.6 billion, down 1% from a year earlier, and a net loss attributable to Parsons of $15 million compared with net income of $55 million a year earlier. The company attributed the decline mainly to $118 million in charges tied to portfolio-shaping actions and a joint venture program, and it lowered its fiscal 2026 revenue and adjusted EBITDA guidance, which weighs on shareholders.
- Q2 2026 revenue of $1.6 billion, down 1% year over year and down 5% on an organic basis
- Net loss attributable to Parsons of $15 million, or $(0.14) per diluted share, versus net income of $55 million, or $0.50 per share, a year earlier
- Adjusted EBITDA fell 72% to $42 million; excluding $118 million in charges, it rose 8% to $161 million
- Fiscal 2026 revenue guidance lowered to $6.2 billion to $6.5 billion from $6.5 billion to $6.8 billion; adjusted EBITDA guidance lowered to $500 million to $560 million from $615 million to $675 million
Read the filing on SEC.gov ↗
Apr 29, 6:53 AM ET
Parsons reported first quarter 2026 results for the quarter ended March 31, 2026. Revenue fell 4% to $1.5 billion and net income attributable to Parsons fell 20% to $53 million, while adjusted EBITDA rose 1% to $151 million. The company reiterated its fiscal 2026 revenue, adjusted EBITDA and operating cash flow guidance ranges.
- Q1 2026 revenue of $1.5 billion, down $63 million or 4% year over year; organic revenue down 8%
- GAAP diluted EPS of $0.49 versus $0.60 a year earlier; adjusted diluted EPS of $0.79 versus $0.78
- Adjusted EBITDA of $151 million, up 1%; total backlog a record $9.3 billion
- Fiscal 2026 guidance reiterated: revenue $6,500 million to $6,800 million, adjusted EBITDA $615 million to $675 million
Read the filing on SEC.gov ↗
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