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AI brief of an SEC Form 8-K · Parsons (PSN)

Parsons Q3 revenue rises 2% to $1.7 billion; net income falls 16% to $54 million

Mixed Impact 4 of 5 earnings

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.

Key points

  • 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

The filing

CompanyParsons (PSN)
Form8-K, current report
Filed with the SECOct 28, 2026, 6:30 AM ET
Accession number0001193125-26-435041

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.