Parsons Corporation filings document formal updates for an operating company serving defense, intelligence, and critical infrastructure markets. Recent 8-K reports cover quarterly and annual results, financial guidance, backlog and book-to-bill metrics, completed acquisition activity, and Regulation FD communications.
Governance filings include definitive proxy materials, annual meeting voting results, board elections, auditor ratification, advisory executive-compensation votes, equity award disclosures, and officer transition reports. These records also describe compensatory arrangements and stock-based incentives tied to the company's public-company governance structure.
Parsons Corp’s Interim CFO George L. Ball acquired 49,676 restricted stock units (RSUs) on November 6, 2026. The RSUs reflect the $2,300,000 equity portion of his compensation arrangement and vest on November 6, 2027, with the final amount subject to proration based on his actual service during the one-year vesting period. His reported position after the award was 220,059 shares held directly; he also shared voting, investment and dispositive power over 205,000 shares held by the George L. and Coleen M. Ball Family Trust.
Parsons Corporation (PSN) announced that Chief Financial Officer Matt Ofilos will resign effective November 6, 2026, to pursue another professional opportunity; the company said his resignation does not result from a disagreement over its operations, policies or practices. The board appointed George Ball, a current director and former CFO, as Interim CFO effective the same day. Ball served as CFO from 2008 to 2022 and joined the board in 2022. For his interim service, Ball will receive a $2,400,000 restricted stock unit award that vests on its one-year anniversary, with the final number of vested RSUs subject to pro-ration based on his actual service period during the year. He will receive no additional cash or equity compensation for board service while Interim CFO. The board is conducting a thorough search for a permanent successor.
Parsons Corporation (PSN) reported third-quarter 2026 revenue of $1,650.548 million, compared with $1,621.748 million a year earlier, while net income attributable to Parsons was $54.153 million versus $64.123 million. For the nine months ended September 30, 2026, revenue was $4,717.591 million versus $4,760.431 million, and net income attributable to Parsons was $91.860 million versus $185.556 million.
Parsons acquired Altamira Technologies Corporation on January 14, 2026, for approximately $339 million in cash and up to an additional $45 million if the fiscal 2026 EBITDA target is exceeded; it borrowed $330.0 million under its revolving credit facility to fund the acquisition. Remaining unsatisfied performance obligations totaled $7.6 billion as of September 30, 2026. Cash and cash equivalents were $296.954 million and total debt was $1,357.164 million as of that date.
Management committed to sell two Remote Programs and transfer remaining contractual obligations to a third party, with sale and novation expected by the end of 2026. For the nine months, Parsons recognized a $14.8 million reduction to contract assets and a $61.2 million increase to contract liabilities due to two loss-position contracts, which were classified as held for sale.
Parsons Corporation (PSN) reported third-quarter 2026 revenue of $1.7 billion, up 2% year over year but down 1% organically. Net income attributable to Parsons fell 16% to $54 million; adjusted EBITDA rose 6% to a record $168 million, and adjusted EBITDA margin expanded 40 basis points to a record 10.2%. Critical Infrastructure and Federal Solutions revenue each rose 2%, to $846 million and $805 million. For the first nine months, net income attributable to Parsons was $91.9 million versus $185.6 million, and adjusted EBITDA was $361.0 million versus $456.0 million.
Third-quarter operating cash flow was $269 million, compared with $163 million a year earlier. Contract awards increased 14% year over year; total and funded backlog reached records of $9.4 billion and $6.8 billion. The consolidated book-to-bill ratio was 1.1x. Fiscal 2026 revenue guidance was narrowed to $6.25 billion–$6.45 billion, adjusted EBITDA to $510 million–$550 million; operating cash flow guidance remained $430 million–$490 million. CFO Matthew M. Ofilos' resignation and George Ball's interim appointment take effect November 6, 2026.
On October 1, 2026, Parsons Corp director Steven F. Leer acquired an award of 954 fully vested restricted stock units. His reported direct Common Stock position following the transaction was 35,192 shares. Vested shares will be delivered under the applicable grant notice, subject to any deferral election made by the insider.
Parsons Corp (PSN) director David C. Wajsgras received an award of 688 fully vested restricted stock units on October 1, 2026. He reported directly holding 41,372 shares following the transaction. The vested shares will be delivered under the applicable grant notice, subject to any deferral election.
Parsons Corp director George L. Ball reported an open-market purchase of 20,000 shares of common stock on 2026-08-07 at $47.97 per share. Following this transaction, he directly holds 170,383 shares. In addition, an indirect holding of 205,000 shares is reported as held by the George L. and Coleen M. Ball Family Trust, over which Mr. Ball has shared voting, investment and dispositive power. The filing does not indicate use of a Rule 10b5-1 trading plan.
Newport Trust Company, LLC filed an amended Schedule 13G reporting its beneficial ownership of Parsons Corp common stock. Newport Trust reports beneficial ownership of 49,370,624 shares of Parsons common stock, representing 46.15% of the outstanding class as of June 30, 2026. It reports shared voting power over 49,370,624 shares and sole dispositive power over 49,370,624 shares, with no sole voting power and no shared dispositive power.
Parsons Corporation reported revenue of $1,575,867 (thousand) for the three months ended June 30, 2026, roughly flat with the prior year, but operating income fell sharply to $1,295 (thousand), leading to a net loss attributable to Parsons of $15,219 (thousand) versus prior-year profit. For the first six months of 2026, revenue was $3,067,043 (thousand) and net income attributable to Parsons was $37,707 (thousand).
Results were heavily affected by revisions on two loss-position contracts, which reduced revenue by $16,810 (thousand) and net income by $64,509 (thousand); these contracts are now classified as held for sale. Parsons completed the $350,132 (thousand) Altamira Technologies acquisition, largely funded with a $330,000 (thousand) credit draw, increasing goodwill and intangibles. Total long-term debt rose to $1,474,048 (thousand), while cash ended at $266,044 (thousand) after $53,884 (thousand) of operating cash flow and substantial acquisition and joint-venture investments. Remaining unsatisfied performance obligations were $6.9 billion, providing multi-year revenue visibility.
Parsons Corporation reported Q2 2026 revenue of $1.6 billion, down 1% year-over-year, and a net loss attributable to Parsons of $15 million (diluted EPS $(0.14)$) versus a $55.2 million profit a year earlier, driven by portfolio-shaping actions and joint-venture charges.
Adjusted EBITDA fell 72% to $42 million, with margin contracting to 2.7%. On a normalized basis excluding these charges, management highlights adjusted EBITDA of $160.6 million and a 10.1% margin. Q2 cash flow from operating activities was $58 million, down from $160 million, reflecting inventory investments for high-demand products and payment timing.
Demand indicators remained solid: net bookings rose 24% year-over-year to $1.9 billion, producing a 1.2x book-to-bill ratio and lifting total backlog to $9.3 billion, including $6.6 billion funded. Critical Infrastructure revenue grew 5%, supported by 10% Middle East organic growth, while Federal Solutions revenue declined 6% and adjusted EBITDA turned negative, largely due to programs planned for divestiture.
Parsons reduced its 2026 outlook. Revenue guidance is now $6.2–$6.5 billion (from $6.5–$6.8 billion), adjusted EBITDA $500–$560 million (from $615–$675 million), and operating cash flow $430–$490 million (from $470–$530 million).