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

07:38 AM EDT, 10/28/2026 (MT Newswires) -- 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.