Parsons Corporation Reports Record Q3 2026 Margins and $9.4 Billion Backlog
Parsons Corporation (PSN) reported strong third-quarter fiscal 2026 results, highlighted by a record Adjusted EBITDA margin of 10.2% and total revenue of $1.7 billion, a 2% increase year-over-year. Growth was primarily driven by the cyber, electronic warfare, and transportation markets, with Federal Solutions seeing significant momentum through contract awards. The company reached a record backlog of $9.4 billion, supported by a consolidated book-to-bill ratio of 1.1x. While net income saw a 16% decrease due to transaction-related expenses from acquisitions, operating cash flow significantly exceeded prior commitments at $269 million. Management narrowed its full-year revenue guidance to between $6.25 billion and $6.45 billion based on year-to-date performance. Despite the positive momentum, leadership noted potential headwinds including contract protests totaling approximately $1.34 billion and geopolitical volatility in the Middle East. The company remains focused on expanding its product revenue across biometrics and autonomy while maintaining a strong balance sheet for future accretive acquisitions.
Tickers: $PSN
Topics: Backlog Contract Awards EBITDA Margin Fiscal Guidance Revenue Growth
Read the full article at Motley Fool
Part of the story Manulife Reports Record Core Earnings and Strong Asian Growth in Q3 2026 (106 articles)