Parsons Corporation · NYSE:PSN
Parsons — Q3 2026 Earnings Presentation
16 slides from Parsons's earnings presentation, Oct 28, 2026
Slide 1: Third Quarter 2026 Earnings Conference Call Presentation
THIRD QUARTER 2026 Earnings Conference Call Presentation OCTOBER 28, 2026 Parsons Corporation
Slide 2: Forward Looking Statements
FORWARD This presentation contains forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events
Slide 3: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION This presentation contains certain financial measures that are not presented in accordance with the U.S. generally accepted accounting principles (“Non-GAAP Measures”), including Adjusted Net Income attributable to Parsons Corporation, Adjusted Earnings per Share, Adju
Slide 4: Q3 2026 Strategic Highlights
Q3 2026 STRATEGIC HIGHLIGHTS Exceeded financial commitments for revenue, adjusted EBITDA, adjusted EBITDA margin, and operating cash flow Record profitability with adjusted EBITDA of $168M and adjusted EBITDA margin of 10.2% Record Critical Infrastructure revenue, adjusted EBITDA, and adjusted
Slide 5: Q3 2026 Financial Highlights
Q3 2026 FINANCIAL HIGHLIGHTS Revenue, profitability and cash flow ahead of commitments Total revenue of $1.7B and net income of $54M Q3 2026 REVENUE Total revenue growth of 5% and 2% organically, excluding confidential contract $1.7 Billion Record adjusted EBITDA of $168M; margin expanded 40 b
Slide 6: Q3 2026 Financial Summary
Q3 2026 FINANCIAL SUMMARY Solid total and organic revenue growth (excluding confidential contract), record adjusted EBITDA and margin, and cash flow from operations exceeded commitments Total revenue of $1,651M increased 2% from Q3 Record adjusted EBITDA margin of 10.2% expanded 2025 40 bps from
Slide 7: Business Segment Summary
BUSINESS SEGMENT SUMMARY Critical Infrastructure Federal Solutions Record total revenue increased by 2% and 1% organically Total revenue increased 2% and declined 3% organically from prior year period from prior year period Record adjusted EBITDA of $94M, increased 9% from Revenue growth of
Slide 8: Significant Contract Wins
SIGNIFICANT CONTRACT WINS During Q3 2026, Parsons received three contract actions valued at more than $100M each Increased ceiling value to $750M Received an increase in the ceiling value of the five-year, sole-source Other Transaction Agreement with U.S. Cyber Command to $750 million. Under this OT
Slide 9: Significant Contract Wins
SIGNIFICANT CONTRACT WINS Awarded $95M Awarded a five-year, $95 million Other Transaction Agreement by a government customer to modernize software supporting early-warning capabilities. The company booked $19 million on this agreement during the third quarter. Awarded $95M Awarded an Other Transacti
Slide 10: Additional Corporate Highlights
ADDITIONAL CORPORATE HIGHLIGHTS Award of Merit by Engineering News-Record (ENR) New York & Centennial Project of the Year by the New York State Society of Professional Engineers Received an Award of Merit under the Highway/Bridge category for the Brooklyn Bridge Rehabilitation project by ENR New Yor
Slide 11: Fiscal Year 2026 Guidance
FISCAL YEAR 2026 GUIDANCE Current 2026 Guidance Prior 2026 Guidance Total Revenue $6,250 - $6,450M $6,200 - $6,500M Adjusted EBITDA $510 - $550M $500 - $560M Cash Flow from Operations * $430 - $490M $430 - $490M * 2026 free cash flow conversion is expected to be greater than 100% of adjusted net inc
Slide 12: Fiscal Year 2026 Guidance Assumptions
FISCAL YEAR 2026 GUIDANCE ASSUMPTIONS ~ 49.3% of total revenue to be generated from Federal Solutions segment at the mid-point PATTERNS Adjusted EBITDA margin of ~ 8.3% at the mid-point of the revenue guidance Revenue: approximately 2% year-over-year growth (Q4 2026 to Q4 2025) to arrive at Ne
Slide 13: Appendix: Supplemental Materials
APPENDIX: SUPPLEMENTAL MATERIALS Parsons Corporation 13
Slide 14: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION PARSONS CORPORATION Non-GAAP Financial Information Reconciliation of Net Income to Adjusted EBITDA (in thousands) Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2026 2025 2026 2025 GAAP Net income attributable to Parsons Co
Slide 15: Adjusted EBITDA Attributable to NCI
ADJUSTED EBITDA ATTRIBUTABLE TO NCI PARSONS CORPORATION Non-GAAP Financial Information Computation of Adjusted EBITDA Attributable to Noncontrolling Interests (in thousands) Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2026 2025 2026 2025 Federal Solut
Slide 16: Adjusted Net Income Attributable to Parsons
ADJUSTED NET INCOME ATTRIBUTABLE TO PARSONS PARSONS CORPORATION Non-GAAP Financial Information Reconciliation of Net Income Attributable to Parsons Corporation to Adjusted Net Income Attributable to Parsons Corporation (in thousands, except per share information) Three Months Ended Nine Months Ended