Parsons Q3 Adjusted Earnings, Revenue Rise; 2026 Revenue Guidance Narrowed; CFO Matt Ofilos to Resign

MT Newswires Live10-28

Parsons (PSN) reported a Q3 adjusted earnings Wednesday of $0.89 per diluted share, up from $0.86 a year earlier.

Analysts polled by FactSet expected adjusted EPS of $0.78.

Revenue for the quarter ended Sept. 30 was $1.65 billion, compared with $1.62 billion a year earlier.

Analysts expected $1.62 billion.

The company narrowed its fiscal 2026 revenue guidance to $6.25 billion to $6.45 billion from its prior outlook of $6.2 billion to $6.5 billion, while reiterating the midpoint of the range. Analysts expect $6.36 billion.

Parsons said Chief Financial Officer Matt Ofilos will resign effective Nov. 6 to pursue another professional opportunity. The board appointed former CFO and current director George Ball as interim CFO, while it searches for a permanent successor.

Parsons shares were down 3.4% in premarket activity.

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