PSN Parsons (PSN) Q1 FY26 earnings call
Parsons delivered a strong Q1 FY26, achieving record adjusted EBITDA margin and backlog, supported by robust book-to-bill ratios across both segments. The company's strategic alignment with global infrastructure and defense priorities, coupled with effective capital deployment, underpins confidence in its full-year outlook despite a complex global environment. Management remains optimistic about future growth, driven by a strong pipeline and strategic acquisitions.
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PSN operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Employees Middle East | 7,500Most importantly, I'm pleased to share that our 7,500 team members in the Middle East region have remained safe during the current regional conflict.Source: earnings call transcript | 7,500So our first concern in the Middle East is safety and security of our 7,500 employees in the region, and they are all very safe.Source: earnings call transcript | 0% |
| Book-to-bill ratio Critical Infrastructure | 1.4 ratioOur Critical Infrastructure segment reported a book-to-bill of 1.4 for the quarter, marking 22 consecutive quarters above 1.0.Source: earnings call transcript | 1.1 ratioCritical infrastructure achieved 1.1x representing the 23rd consecutive quarter at or above 1.0x, demonstrating sustained demand.Source: earnings call transcript | -21.4% |
| Book-to-bill ratio Middle East | 1.5 ratioPerformance in the Middle East was outstanding with a book-to-bill ratio of 1.5.Source: earnings call transcript | 1.1 ratioIn the Middle East remains strong with a 1.1x book-to-bill.Source: earnings call transcript | -26.7% |
| Book-to-bill ratio Federal Solutions | 1.4 ratioIn Federal Solutions, contract awards increased 38% year-over-year, resulting in a book-to-bill ratio of 1.4x.Source: earnings call transcript | 1.3 ratioFederal Solutions' bookings increased by a robust 51% year-over-year, delivering a 1.3x book-to-bill ratio.Source: earnings call transcript | -7.1% |
| Orders | $2BIn the first quarter, we secured $2 billion in contract awards, a 17% increase year-over-year, driving a strong enterprise book-to-bill ratio of 1.4x.Source: earnings call transcript | $1.9BIn the second quarter, we secured $1.9 billion in contract awards, a 24% increase year-over-year, driving a strong enterprise book-to-bill ratio of 1.2x.Source: earnings call transcript | -5% |
| Funded backlog | $6.6BFunded backlog of $6.6 billion remains the highest since our IPO and increased 7% year-over-year.Source: earnings call transcript | $6.6BFunded backlog of $6.6 billion increased 6% year-over-year.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.