Parsons (PSN) AGM 2026 summary

Opening remarks and agenda

• CEO welcomed board members, executives, ESOP trustees, audit firm representatives, and stockholders, and outlined the meeting agenda, including director elections, auditor ratification, and an advisory vote on executive compensation.

Financial performance review

• Achieved strong total revenue and adjusted EBITDA, with margins expanding to a record 9.6% in 2025.

• Maintained a trailing 12-month book-to-bill ratio above 1.0 since 2019.

• Delivered 100% free cash flow conversion and exceeded 2025 cash flow guidance.

• Outperformed all Investor Day targets for total revenue, adjusted EBITDA, and operating cash flow from 2023-2025.

Strategic initiatives and plans

• Completed three strategic acquisitions in 2025 and a fourth in January 2026, expanding capabilities in key areas.

• Plans to leverage a synergistic portfolio to expand offerings in cyber, infrastructure protection, PFAS decontamination, emergency management, energy resiliency, and aviation modernization.

• Focus on digital technology and AI to accelerate growth and efficiency.

• Backed by a strong, funded backlog and $11 billion in single-award contract wins not yet booked.