Every 8-K that Parsons Corporation (PSN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PSN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PSN filings page.
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).
Parsons Corporation reported mixed first quarter 2026 results with strong backlog but lower earnings. Revenue was $1.49 billion, down 4% year-over-year and 8% on an organic basis, mainly due to lower volume on a fixed-price confidential contract. Excluding this contract, total revenue rose 8% and organic revenue grew 3%.
Net income attributable to Parsons fell to $52.9 million from $66.2 million, with GAAP diluted EPS declining to $0.49 from $0.60. However, adjusted EBITDA edged up 1% to a record $150.9 million, and adjusted EBITDA margin improved to a record 10.1%. The Critical Infrastructure segment grew revenue 3% and expanded adjusted EBITDA margin to 10.8%, while Federal Solutions revenue declined 10% but improved margin to 9.4%.
Parsons posted a book-to-bill ratio of 1.4x on $2.06 billion of awards, driving record total backlog of $9.31 billion and record funded backlog of $6.6 billion. Operating cash flow was a Q1 record use of $4 million, an improvement versus the prior year. The company closed the up-to $375 million Altamira acquisition and reiterated its 2026 guidance, including revenue of $6.5–$6.8 billion and adjusted EBITDA of $615–$675 million.
Parsons Corporation reported the results of its 14 April 2026 Annual Meeting of stockholders. Stockholders elected four directors—Carey A. Smith, Letitia A. Long, Harry T. McMahon, and Robert H. Smith—to three-year terms expiring at the 2029 Annual Meeting. They also ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending 31 December 2026, with 95,357,461 votes for and 2,886,281 against. In addition, stockholders approved, on an advisory and non-binding basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement, with 89,522,490 votes for and 3,402,595 against.
Parsons Corporation is undergoing a planned leadership transition in its human resources function. Chief Human Resources Officer Susan Balaguer will retire as CHRO effective April 1, 2026, and remain in an advisory role through the end of May 2026. The board approved a one-time $250,000 cash bonus to be paid to her as part of her final payment for service.
Soo Lagasse, currently senior vice president of global talent acquisition and mobility, has been appointed as the new CHRO, effective April 1, 2026. Parsons highlights Lagasse’s role in driving record hiring, expanding university and intern programs, and modernizing global talent acquisition and mobility since joining the company in 2021.
Parsons Corporation approved a new stock-based award for CEO Carey A. Smith with a target grant-date value of $10 million. The award is structured as 60% performance stock units (PSUs) and 40% restricted stock units (RSUs).
The RSUs are scheduled to vest in equal portions over four years beginning March 10, 2026, contingent on Ms. Smith’s continued employment. The PSUs cover a performance period from January 1, 2026 through December 31, 2029 and will cliff vest after that period, based on relative total stockholder return versus a custom peer group.
The PSU payout scale ranges from zero below the 35th percentile to a 100% target payout of $6 million at the 65th percentile, and up to a maximum of $9 million at or above the 75th percentile, with interpolation between levels. The annualized face value of the package is $2.5 million, including RSUs with a target value of $1 million vesting each year for four years.
Parsons Corporation reported mixed fourth-quarter and full-year 2025 results, with record profitability but lower reported revenue. Q4 2025 revenue was $1.60 billion, down 8% year-over-year, while net income rose 3% to $56 million and adjusted EBITDA reached a record $153 million with a 9.6% margin.
For 2025, revenue decreased 6% to $6.36 billion, but net income increased 3% to a record $241 million. Adjusted EBITDA was a record $609 million and margin improved to 9.6%. Critical Infrastructure grew strongly, while Federal Solutions declined due to lower volume on a fixed-price confidential contract. Backlog ended at $8.7 billion, and 2026 guidance calls for revenue of $6.5–$6.8 billion, adjusted EBITDA of $615–$675 million, and operating cash flow of $470–$530 million.
Parsons Corporation disclosed that on January 15, 2026 it signed and closed a Stock Purchase Agreement for the acquisition of Altamira Technologies Corporation by its subsidiary, Parsons Government Service, Inc. This means the deal agreement and closing occurred together, so Altamira is now part of Parsons' government services platform as described in the accompanying press release.
The company furnished a press release as an exhibit to provide additional detail about the transaction. No purchase price, financing details, or financial impact were included in this disclosure, and the exhibit is not automatically incorporated into other Securities Act or Exchange Act filings.
Parsons Corporation reported a planned change in its top legal leadership. The company has appointed John T. Martinez as chief legal officer, effective February 16, 2026, succeeding Michael R. Kolloway, who has served as chief legal officer since 2017 and will remain with the company for a reasonable transition period.
Martinez brings more than 25 years of legal experience and a record of executive and C-suite leadership. His prior roles include chief legal officer and corporate secretary for Maximus, Inc., vice president and general counsel for GE Aerospace, and general counsel positions at several Raytheon Technologies businesses. He also held senior roles in the U.S. intelligence community and began his career as a prosecutor and litigator. Parsons also furnished a press release dated December 18, 2025 announcing his appointment.
Parsons Corporation announced that its Board of Directors has unanimously elected Robert H. Smith to join the Board, effective December 1, 2025. At the same time, the Board approved increasing its size to 12 members, and Smith will serve as a Class I director with an initial term that runs until the 2026 annual meeting of stockholders.
The company highlights that adding Smith supports its goal of maintaining a strong Board with diverse and strategically aligned backgrounds. Smith brings senior leadership experience in aerospace, defense, and government-related programs, including prior roles as CEO of Blue Origin and senior positions at Honeywell Aerospace and the operator of Sandia National Laboratories. Under Parsons’ Non-Employee Director Compensation Policy, he will receive a mix of cash and equity compensation for his Board service.
Parsons Corporation furnished a Form 8-K stating it issued a press release with financial results for the quarter ended September 30, 2025. The press release is provided as Exhibit 99.1.
The information under Items 2.02 and 9.01 is furnished and not deemed filed under the Exchange Act. Parsons’ common stock trades on the NYSE under the symbol PSN.