Parsons narrows 2026 revenue guidance to $6.25 billion-$6.45 billion

• Parsons narrowed fiscal 2026 revenue guidance to $6.25 billion-$6.45 billion from $6.2 billion-$6.5 billion.
• Adjusted EBITDA guidance tightened to $510 million-$550 million from $500 million-$560 million.
• Operating cash flow guidance remained $430 million-$490 million; expected adjusted EBITDA margin is approximately 8.3% at the revenue midpoint.
• Fourth-quarter expectations imply approximately 2% year-over-year revenue growth, with adjusted EBITDA rising approximately 10%.
• Total backlog reached $9.4 billion, with 73% funded; another $12 billion in contract wins remained outside backlog.

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