v3.26.3
Earnings Per Share (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2026 and September 30, 2025 (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2026

 

 

September 30, 2025

 

 

September 30, 2026

 

 

September 30, 2025

 

Numerator for Basic and Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Parsons Corporation - basic

 

$

54,153

 

 

$

64,123

 

 

$

91,860

 

 

$

185,556

 

Convertible senior notes if-converted method interest adjustment

 

 

-

 

 

 

27

 

 

 

-

 

 

 

135

 

Net income attributable to Parsons Corporation - diluted

 

$

54,153

 

 

$

64,150

 

 

$

91,860

 

 

$

185,691

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for Basic and Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average number of shares outstanding

 

 

105,966

 

 

 

106,763

 

 

 

106,710

 

 

 

106,864

 

Dilutive effect of stock-based awards

 

 

789

 

 

 

1,395

 

 

 

855

 

 

 

1,400

 

Dilutive effect of warrants

 

 

-

 

 

 

289

 

 

 

9

 

 

 

245

 

Dilutive effect of convertible senior notes due 2025

 

 

-

 

 

 

631

 

 

 

-

 

 

 

1,547

 

Diluted weighted average number of shares outstanding

 

 

106,755

 

 

 

109,078

 

 

 

107,574

 

 

 

110,056

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.51

 

 

$

0.60

 

 

$

0.86

 

 

$

1.74

 

Diluted

 

$

0.51

 

 

$

0.59

 

 

$

0.85

 

 

$

1.69

 

Schedule of Repurchase Program

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2026

 

 

September 30, 2025

 

 

September 30, 2026

 

 

September 30, 2025

 

Total shares repurchased

 

 

1,294,695

 

 

 

323,175

 

 

 

2,173,355

 

 

 

965,940

 

Total shares retired

 

 

1,294,695

 

 

 

323,175

 

 

 

2,173,355

 

 

 

965,940

 

Average price paid per share (1)

 

$

46.34

 

 

$

77.36

 

 

$

50.61

 

 

$

67.29

 

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