v3.26.1
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Denominator and Numerator used to Compute Basic and Diluted EPS

The following tables reconcile the denominator and numerator used to compute basic EPS to the denominator and numerator used to compute diluted EPS for the three and six months ended June 30, 2026 and June 30, 2025 (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

Numerator for Basic and Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Parsons Corporation - basic

 

$

(15,219

)

 

$

55,230

 

 

$

37,707

 

 

$

121,433

 

Convertible senior notes if-converted method interest adjustment

 

 

-

 

 

 

54

 

 

 

-

 

 

 

108

 

Net income (loss) attributable to Parsons Corporation - diluted

 

$

(15,219

)

 

$

55,284

 

 

$

37,707

 

 

$

121,541

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for Basic and Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average number of shares outstanding

 

 

106,982

 

 

 

106,997

 

 

 

107,082

 

 

 

106,914

 

Dilutive effect of stock-based awards

 

 

700

 

 

 

1,205

 

 

 

918

 

 

 

1,414

 

Dilutive effect of warrants

 

 

-

 

 

 

7

 

 

 

14

 

 

 

223

 

Dilutive effect of convertible senior notes due 2025

 

 

-

 

 

 

1,893

 

 

 

-

 

 

 

2,006

 

Diluted weighted average number of shares outstanding

 

 

107,682

 

 

 

110,102

 

 

 

108,014

 

 

 

110,557

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.14

)

 

$

0.52

 

 

$

0.35

 

 

$

1.14

 

Diluted

 

$

(0.14

)

 

$

0.50

 

 

$

0.35

 

 

$

1.10

 

Schedule of Repurchase Program

The following table summarizes the repurchase activity under the stock repurchase program:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

Total shares repurchased

 

 

295,285

 

 

 

218,785

 

 

 

878,660

 

 

 

642,765

 

Total shares retired

 

 

295,285

 

 

 

218,785

 

 

 

878,660

 

 

 

642,765

 

Average price paid per share (1)

 

$

50.80

 

 

$

68.56

 

 

$

56.90

 

 

$

62.22

 

(1) Includes commissions in the calculation of average price per share