PARSONS CORP — Form 8-K
Filed July 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 52/100
What the filing says
Parsons reported Q2 2026 net loss of $15.2M (vs. $55.2M profit YoY) due to $118M in charges: $77.5M loss on two Federal Solutions contracts held for divestiture and $40.9M equity loss on a Critical Infrastructure joint venture project affected by weather and delays. The company revised FY2026 guidance downward: revenue to $6.2–6.5B (from $6.5–6.8B), adjusted EBITDA to $500–560M (from $615–675M), and operating cash flow to $430–490M (from $470–530M). Book-to-bill ratio remained strong at 1.2x with $1.9B in Q2 bookings and $9.3B total backlog.
Why this rating
Portfolio charges and guidance cuts are material (~2% of market cap, 8–10% of revenue) but offset by strong backlog, positive bookings, and core margin expansion excluding charges.
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