Parsons Corporation · NYSE:PSN
Parsons — Q1 2026 Earnings Presentation
15 slides from Parsons's earnings presentation, Apr 29, 2026
Slide 1: First Quarter 2026 Earnings Conference Call Presentation
FIRST QUARTER 2026 Earnings Conference Call Presentation APRIL 29, 2026
Slide 2: Forward Looking Statements
FORWARD LOOKING This presentation contains certain financial measures that are not presented in accordance with STATEMENTS the U.S. generally accepted accounting principles (“Non-GAAP Measures,”) including Adjusted Net Income attributable to Parsons Corporation, Adjusted Earnings per Share, Adjusted
Slide 3: Q1 2026 Strategic Highlights
Q1 2026 STRATEGIC HIGHLIGHTS Delivered records in adjusted EBITDA margin, total and funded backlog, and Q1 cash flow Strong book-to-bill ratio of 1.4x in both segments and continued company streak of TTM book-to-bill ratio of > 1.0x reflects strong demand Strategic wins in aviation modernizati
Slide 4: Q1 2026 Financial Highlights
Q1 2026 FINANCIAL HIGHLIGHTS Solid revenue growth ex. confidential contract and margin expansion Total revenue of $1.5B and net income of $53M Total revenue growth of 8% and 3% organically, both excluding confidential contract Q1 2026 REVENUE Record adjusted EBITDA margin of 10.1% expanded 50
Slide 5: Q1 2026 Financial Summary
Q1 2026 FINANCIAL SUMMARY Solid total and organic revenue growth (excluding confidential contract), record adjusted EBITDA margins, and cash flow used in operations exceeded our forecast Total revenue increased 8% and 3% organically, both Record adjusted EBITDA margin of 10.1% expanded excluding
Slide 6: Business Segment Summary
BUSINESS SEGMENT SUMMARY Critical Infrastructure Federal Solutions Q1 2026 revenue increased 3% and 2% organically Q1 2026 revenue growth of 12% and 4% on an organic from Q1 2025 basis, both excluding the company’s confidential contract Adjusted EBITDA of $79M, a Q1 record, increased 8% Tota
Slide 7: Significant Contract Wins
SIGNIFICANT CONTRACT WINS During Q1 2026, Parsons won four single-award contracts worth more than $100M each. Awarded $593M Awarded a $593 million contract extension under the Federal Aviation Administration’s (FAA) Technical Support Services Contract (TSSC 5). This award exercises the first option
Slide 8: Significant Contract Wins
SIGNIFICANT CONTRACT WINS Awarded $150M Received an additional $150 million to continue serving as the Main Construction Manager for remediation projects on the Faro Mine and Giant Mine programs in Canada, known as two of the largest and most complex mine reclamation projects in the world. The compa
Slide 9: Additional Corporate Highlights
ADDITIONAL CORPORATE HIGHLIGHTS Acquired Altamira Technologies Parsons closed its acquisition of Altamira Technologies Corporation, a Northern Virginia-based signals intelligence and space solutions provider, in an all-cash transaction valued at up to $375M. Altamira expands Parsons’ market presence
Slide 10: Fiscal Year 2026 Guidance
FISCAL YEAR 2026 GUIDANCE 2025 Actuals 2026 Guidance Growth at the Mid-point +4.5% growth and +0.6% organically; Total Revenue $6,364M $6,500 - $6,800M +10.5% growth and +6% organically excluding confidential contract Adjusted EBITDA $609M $615 - $675M +6% growth (10 bps expansion) Cash Flow from Op
Slide 11: Fiscal Year 2026 Guidance Assumptions
FISCAL YEAR 2026 GUIDANCE ASSUMPTIONS ~ 50% of total revenue to be generated from Federal Solutions segment at the mid-point PATTERNS Adjusted EBITDA margin of ~ 9.7% at the mid-point of the revenue guidance, up 10bps from 2025 Revenue: approximately 7% sequential growth (Q1 2026 to Q2 2026) and
Slide 12: Appendix: Supplemental Materials
APPENDIX: SUPPLEMENTAL MATERIALS Parsons Corporation 12
Slide 13: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION PARSONS CORPORATION Non-GAAP Financial Information Reconciliation of Net Income to Adjusted EBITDA (in thousands) Three Months Ended March 31, 2026 March 31, 2025 Net income attributable to Parsons Corporation $52,926 $66,203 Interest expense, net 14,187 10,104 Income
Slide 14: 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 March 31, 2026 March 31, 2025 Federal Solutions Adjusted EBITDA attributable to Parsons Corporation $71,553
Slide 15: 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 March 31, 2026 Ma