Aerospace & Defense Tech

credit / rates affecting interest expense

“Three Months Ended March 31, 2026 March 31, 2025 Net income attributable to Parsons Corporation $ 52,926 $ 66,203 Interest expense, net 14,187 10,104 Income tax expense 16,087 18,977 Depreciation and amortization 35,926 27,403 Net income attributable to noncontrolling interests 12,285 15,584 Equity-based compensation 9,454 7,103 Transaction-related costs (a) 8,439 3,701 Other (b) 1,625 (299 ) Adjusted EBITDA $ 150,929 $ 148,776 (a) Reflects costs incurred in connection with acquisitions and other non-recurring transaction costs, primarily fees paid for professional services and employee retention. (b) Includes a combination of gain/loss related to sale of fixed assets, software implementation costs, and other individually insignificant items that are non-recurring in nature.”

PSN 10-Q

demand / volume affecting revenue

“This is because the actual receipt, timing and amount of revenue under contracts included in backlog are subject to various contingencies, including congressional appropriations, many of which are beyond our control.”

PSN 10-K

demand / volume

“Such changes in assumptions could be caused by a loss of one or more significant contracts, reductions in government or commercial client spending, or a decline in the demand for our services due to changing economic conditions.”

PSN 10-K