Every material Form 8-K Parsons filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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
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
Parsons announced that Soo Lagasse, its senior vice president of global talent acquisition and mobility, will become chief human resources officer effective April 1, 2026. Susan Balaguer, the current CHRO, is retiring effective the same date and will stay in an advisory role through the end of May 2026, with a one-time $250,000 cash bonus approved by the board.
Soo Lagasse succeeds Susan Balaguer as CHRO effective April 1, 2026; she joined Parsons in 2021
Balaguer retires as CHRO effective April 1, 2026 and remains in an advisory role through the end of May 2026
Board approved a one-time $250,000 cash bonus for Balaguer as part of her final payment for service
Parsons' board approved a stock award for CEO Carey A. Smith on February 20, 2026, with a target grant-date value of $10 million, split 60% performance stock units and 40% restricted stock units. The award is meant to recognize her performance and retain her, and its performance units pay out based on the company's relative total stockholder return against a custom peer group, so pay depends on how the stock performs against peers.
Board approved the award on February 20, 2026, with a target grant-date value of $10 million.
PSUs (60%) cover January 1, 2026 through December 31, 2029; target payout is $6 million at the 65th percentile of relative TSR.
RSUs (40%) vest ratably over four years starting March 10, 2026, about $1 million per year at target.
PSU payout is zero at or below the 35th percentile and capped at $9 million (150% of target) at or above the 75th percentile.
Parsons reported fourth-quarter and full-year 2025 results on February 11, 2026. Full-year revenue fell 6% to $6.4 billion, driven by a 20% decline in Federal Solutions, while net income rose 3% to $241 million and diluted EPS rose to $2.20 from $2.12. The company also set fiscal 2026 revenue guidance of $6.5 billion to $6.8 billion, with adjusted EBITDA of $615 million to $675 million.
Q4 2025 revenue was $1.6 billion, down 8% year over year; net income was $56 million, up 3%, and diluted EPS was $0.51 versus $0.49.
Fiscal 2025 revenue was $6.4 billion, down 6%; net income was $241 million, up 3%, and diluted EPS was $2.20 versus $2.12.
Federal Solutions full-year revenue fell $786 million, or 20%, to $3.2 billion, mainly due to lower volume on a fixed-price confidential contract.
Fiscal 2026 guidance: revenue $6.5 billion to $6.8 billion; adjusted EBITDA $615 million to $675 million; operating cash flow $470 million to $530 million.
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