Parsons Corporation (PSN) Earnings Call Transcripts

Parsons Corporation's Latest Earnings Call - May 13, 2026

In the Q1 2026 earnings call for Parsons Corporation, the company reported revenues of $1.2 billion, aligning with expectations, and an EPS of $0.45, which beat estimates by $0.05. Management highlighted strong performance in the Federal Solutions and Critical Infrastructure segments, with a robust backlog of $9.3 billion and a book-to-bill ratio of 1.4. Looking ahead, management provided guidance indicating a strong second half of the year, expecting $400 million in sequential growth from Q1 to Q3, driven by key contracts and market demand.

Reported metrics

Guidance from management

Management expects a strong second half of 2026 with $400 million in growth from Q1 to Q3, driven by key contracts and market demand. They maintained a positive outlook despite potential risks from upcoming elections affecting infrastructure spending.

What management said

Yes, I would add. We have some really good leading indicators, whether it's 22 consecutive quarters of greater than 1.0 book-to-bill with a critical infrastructure. At the company level, we've always been over a trailing 12-month book-to-bill, very strong book-to-bill for Q1, 1.4 for persons for both segments and Middle East of 1.5. And -- we've got $9.3 billion in backlog. We got 71% of funded backlog. And then we a...

Yes. The most important thing for us is always going to be labor. It's hiring and retention. We're really proud of the fact over the last 2 years, we've had the best retention in the history of the company. And it's not just a 1 group. It's across all 4 business units. And I think it's a testament that people want to come work at our company because of the culture and because of the exciting projects that they got th...

What analysts pressed on

Analysts expressed concerns regarding the potential impact of upcoming elections on infrastructure spending and the timing of new legislation. There were also questions about labor retention and its effect on project execution.

Main topics on the call

• Revenue Performance — Parsons reported Q1 revenues of $1.2 billion, which was inline with expectations. CEO Carey Smith noted, "We came in right on our revenue target for Q1, which was great coming out of the Q4 government shutdown."
• Earnings Beat — The company reported an EPS of $0.45, beating estimates by $0.05. CFO Matt Ofilos stated, "We outperformed margins north of 10% for the first time, really strong first quarter."
• Guidance for Second Half — Management signaled strong growth potential for the second half of 2026, expecting $400 million in growth from Q1 to Q3. Ofilos remarked, "We have a very strong view toward the second half of the year and looking forward...
• Backlog and Book-to-Bill Ratio — Parsons has a backlog of $9.3 billion and a book-to-bill ratio of 1.4, indicating strong demand. Smith emphasized, "We’ve got $9.3 billion in backlog. We got 71% of funded backlog."

Read the full Parsons Corporation transcript (May 13, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 92 Parsons Corporation earnings call transcripts on record, spanning January 15, 2020 to September 9, 2026. Based on this history, Parsons Corporation reports quarterly. The most recent call on file is dated September 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PSN

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Professional Services

Calls on record

92

First call

January 15, 2020

Most recent

September 9, 2026

Reporting cadence

quarterly