Parsons Corp. reported third-quarter net income of $54.2 million on Wednesday, or 51 cents per share. Adjusted for one-time gains and costs, earnings were 89 cents per share. The result beat Wall Street expectations. Four analysts surveyed by Zacks Investment Research had forecast 81 cents per share. The Chantilly, Virginia-based software and infrastructure services provider posted revenue of $1.65 billion, matching forecasts. Parsons expects full-year revenue of $6.25 billion to $6.45 billion.

Parsons announces Chief Financial Officer transition. CHANTILLY, Va. (October 28, 2026) - Parsons Corporation (NYSE: PSN) today announced that Matt Ofilos will resign as Executive Vice President and Chief Financial Officer, effective November 6, 2026, to pursue another professional opportunity. Ofilos' resignation is not the result of any disagreement with the company on any matter relating to the company's operations, policies, or practices. The company's Board of Directors has appointed George Ball, Parsons' former Chief Financial Officer and a current member of the Board of Directors, to serve as Interim Chief Financial Officer, effective November 6, 2026. This appointment provides continuity in the company's financial leadership while the Board of Directors conducts a thorough search for a permanent successor. "I want to thank Matt for his leadership, partnership, and financial stewardship over the past five years," said Carey Smith, Chair, President, and Chief Executive Officer of Parsons Corporation. "During his tenure, Parsons grew revenue and profitability and advanced its growth strategy. We wish Matt continued success in his next chapter. We are pleased to welcome George back as Interim Chief Financial Officer. George's deep understanding of Parsons, our customers, employees, and strategic priorities will support an orderly transition as we remain focused on disciplined execution and delivering on our corporate strategy." Ball served as Parsons' Chief Financial Officer from 2008 to 2022 and joined the company's Board following his retirement as Chief Financial Officer. During his tenure as Chief Financial Officer, he played an integral role in guiding the transformation of the company and helped lead Parsons' initial public offering in 2019. He joined Parsons in 1995 and held multiple financial and operational leadership positions with global responsibilities before becoming Chief Financial Officer. He has also served on the boards of multiple public and nonprofit organizations. In its third-quarter 2026 earnings release issued earlier today, the company reported strong third-quarter results, reaffirmed the midpoint and narrowed its fiscal year 2026 revenue and adjusted EBITDA guidance ranges, and reiterated its operating cash flow guidance range. For additional information, please refer to the company's Current Report on Form 8-K filed today with the Securities and Exchange Commission under Item 5.02. About Parsons: Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow Parsons Corporation on LinkedIn to learn how Parsons Corporation is making an impact. Media inquiries. Bernadette Miller Corporate Communications +1 980.253.9781 Dave Spille VP, investor relations. +1 703.775.6191

Egis Appoints Jon Moretta as Chief Executive Officer in the United States. The short version. Egis has appointed Jon Moretta as Chief Executive Officer of its U.S. operations, bringing more than 35 years of executive leadership experience across infrastructure, engineering, and industrial markets. In this role, Moretta will lead Egis' U.S. Listen Egis Appoints Jon Moretta as Chief Executive Egis has appointed Jon Moretta as Chief Executive Officer of its U.S. operations, bringing more than 35 years of executive leadership experience across infrastructure, engineering, and industrial markets. In this role, Moretta will lead Egis' U.S. platform, focusing on strengthening client relationships, expanding the company's capabilities, and combining local expertise with global resources to deliver innovative and sustainable solutions. Extensive experience across engineering and operations. Moretta joins Egis from Parsons Corporation, where he held increasingly senior leadership positions with responsibility for strategy, growth, operations, and full profit-and-loss performance across federal, critical infrastructure, and industrial markets. His career spans engineering, business development, capital project delivery, technology, and sustainability. He has built and led high-performing teams, expanded profitable operations, developed new markets and technologies, and delivered major programmes for public and private sector clients. Supporting Egis' growth in the United States. Alaa AbuSiam, Chief Executive Officer of Egis in the Americas, highlighted the importance of the U.S. market to the company's growth ambitions across the Americas. He cited Moretta's strategic perspective, commercial discipline, and people-focused leadership as key strengths for the role. Moretta noted Egis' combination of local expertise, global capabilities, and commitment to addressing infrastructure and sustainability challenges. He expressed his intention to engage with employees and clients while building on the company's existing foundation for its next phase of growth. Egis has operated in the United States since 1944, providing an established platform for the company's continued development in the market. Academic background. Moretta holds a Bachelor of Science degree with honors in Chemical Engineering from the University of Michigan. His appointment brings extensive executive experience to Egis as the company seeks to strengthen its U.S. presence, develop client partnerships, and expand its delivery capabilities across infrastructure and related sectors. Was this story useful? 58 eyeballs Found this useful? Rate it.