{"filings":[{"id":1922320,"accession_number":"0001193125-26-322054","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2026-07-29T10:30:16+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q2 net loss $15M on $118M charges; cuts FY2026 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $1.6B (-1% YoY); net loss $15M (GAAP EPS -$0.14) vs prior year net income $55M.","Adjusted EBITDA $42M (-72% YoY); excluding $118M charges, adjusted EBITDA $161M (+8%).","FY2026 guidance cut: revenue $6.2B-$6.5B (from $6.5B-$6.8B), adjusted EBITDA $500M-$560M (from $615M-$675M).","Book-to-bill 1.2x; contract awards up 24% YoY; total backlog $9.3B.","Federal Solutions revenue down 6% (organic -14%); Critical Infrastructure up 5% (organic +4%)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97850,"accession_number":"0001193125-26-188898","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2026-04-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q1: Adj EBITDA record $151M (margin 10.1%); backlog $9.3B record; revenue $1.5B down 4%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net income $53M ($0.49 EPS) vs $0.60 prior year; adjusted EPS $0.79 vs $0.78.","Revenue $1.5B down 4% YoY; organic revenue down 8%; up 8% excluding confidential contract.","Segment: Critical Infra rev +3%, EBITDA +8% (margin 10.8%); Federal Solutions rev -10%, EBITDA -5% (margin 9.4%).","Book-to-bill 1.4x; total backlog $9.3B and funded backlog $6.6B, both records since IPO.","Closed Altamira acquisition up to $375M; won $593M FAA extension, $500M Cyber Command, $340M Middle East transport contract."],"consensus_eps_estimate":null,"consensus_eps_actual":0.49,"consensus_revenue_estimate":null,"consensus_revenue_actual":1491176000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97849,"accession_number":"0001193125-26-157010","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2026-04-15T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Parsons shareholders re-elect four directors, ratify PwC, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Carey A. Smith (88.1M for), Letitia A. Long (77.7M), Harry T. McMahon (91.1M), Robert H. Smith (92.5M) elected to board.","Ratification of PricewaterhouseCoopers as FY2026 auditor approved with 95.4M for, 2.9M against.","Advisory vote on named executive officer compensation passed with 89.5M for, 3.4M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113003,"accession_number":"0001193125-26-110775","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2026-03-17T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Parsons appoints Soo Lagasse as CHRO effective April 1; Susan Balaguer retires","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Susan Balaguer retires as CHRO effective April 1, 2026, stays in advisory role through May.","Soo Lagasse promoted from SVP of global talent acquisition to CHRO, effective April 1.","Board approved $250,000 one-time cash bonus for Balaguer as part of final service payment.","Lagasse joined Parsons in 2021; previously led talent acquisition with record hiring quarters."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113002,"accession_number":"0001193125-26-076537","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2026-02-26T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Parsons grants CEO Carey Smith $10M stock award with 60% performance-based PSUs","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Target grant-date value $10M: $6M PSUs (60%) and $4M RSUs (40%), approved on February 20, 2026.","RSUs vest ratably over four years beginning March 10, 2026, subject to continued employment.","PSUs cliff vest after four-year performance period (Jan 2026 – Dec 2029) based on rTSR vs peer group.","PSU payout: zero for ≤35th percentile; 100% target ($6M) at 65th percentile; 150% max ($9M) at ≥75th percentile.","Annualized target value is $2.5M over four years ($1M RSUs per year)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113001,"accession_number":"0001193125-26-045483","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2026-02-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q4 rev $1.6B (-8% YoY); record adj EBITDA $153M; FY26 guidance $6.5-$6.8B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $56M (+3%), GAAP EPS $0.51, adj EPS $0.75; FY25 net income $241M (+3%), adj EPS $3.17.","Critical Infrastructure Q4 rev +12% to $820M, adj EBITDA +87% to $87M; Federal Solutions rev -22% to $784M.","FY25 record adj EBITDA $609M (+1%), margin 9.6% (+60bps); cash from ops $478M (-9%).","FY26 guidance: rev $6.5-$6.8B, adj EBITDA $615-$675M, cash flow $470-$530M.","Won 15 contracts >$100M in FY25; closed Altamira acquisition for up to $375M after Q4."],"consensus_eps_estimate":null,"consensus_eps_actual":2.2,"consensus_revenue_estimate":null,"consensus_revenue_actual":6364245000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113000,"accession_number":"0001193125-26-014152","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2026-01-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Parsons acquires Altamira Technologies for up to $375M in cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Base purchase price $330M cash at close; $45M earn-out in Q1 2027 if 2026 EBITDA targets met.","Altamira expected to generate over $200M revenue in 2026; deal accretive to PSN's 2026 revenue growth, adj. EBITDA margin, and adj. EPS.","Base purchase price implies 12.8x multiple on anticipated 2026 EBITDA before synergies.","Altamira adds >600 employees (>90% cleared) in SIGINT, cyber, space, and missile warning for U.S. Department of War and IC.","Transaction closed on Jan 15, 2026; Altamira will align to Parsons' Defense & Intelligence business unit."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129399,"accession_number":"0001193125-25-324802","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2025-12-18T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Parsons appoints John Martinez as CLO effective Feb 16, 2026; Mike Kolloway retiring","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John Martinez named Chief Legal Officer, succeeding Mike Kolloway who is retiring in Q2 2026.","Martinez previously served as CLO at Maximus, VP/GC at GE Aerospace, and Raytheon legal roles.","Kolloway has been CLO since 2017 and will remain as advisor for a transition period.","Martinez brings 25+ years of legal experience including senior roles in the U.S. Intelligence Community."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129398,"accession_number":"0001193125-25-306981","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2025-12-03T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Parsons appoints former Blue Origin CEO Robert H. Smith to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Robert H. Smith elected to Parsons Board as Class I director effective Dec 1, 2025; Board size increased to 12 members.","Smith is former CEO of Blue Origin (2017-2024) and senior advisor to Department of War's Office of Secretary of War.","He served as President of Honeywell Aerospace's Mechanical Systems unit and Chairman of Sandia National Labs operator.","Smith has served on Parsons Strategic Advisory Board since April 2024; will receive standard non-employee director compensation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129397,"accession_number":"0001193125-25-265650","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q3 revenue down 10% to $1.6B; net income slides 11%; margin expands 60 bps","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP EPS $0.59 vs $0.65; adjusted EPS $0.86 vs $0.95; net income $64M, down 11% YoY.","Revenue $1.6B, down 10% total and 14% organic; ex-confidential contract, up 14% total and 9% organic.","Critical Infrastructure revenue +18%, adjusted EBITDA +83% to $86M; Federal Solutions revenue -29% (ex-confidential +9%).","Backlog $8.8B (72% funded, highest since IPO); book-to-bill 1.0x; TTM book-to-bill 1.0x for 6th straight year.","FY2025 revenue guidance lowered to $6.4-6.5B (from $6.48-6.68B); adjusted EBITDA and cash flow guidance reiterated at mid-point."],"consensus_eps_estimate":null,"consensus_eps_actual":1.69,"consensus_revenue_estimate":null,"consensus_revenue_actual":4760431000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145968,"accession_number":"0000950170-25-103505","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q2 revenue $1.6B -5% YoY; raises FY2025 guidance; acquires CTI for $89M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 net income $55M (-20% YoY); adjusted EPS $0.78 vs $0.84.","Adjusted EBITDA margin expanded 40 bps to 9.4%; revenue ex-confidential contract up 13%.","Total backlog $8.9B; funded backlog $6.2B highest since 2019 IPO.","FY2025 guidance raised: revenue $6.48-6.68B, adj. EBITDA $595-635M, operating cash flow $400-440M.","Closed CTI acquisition for $89M; won three >$100M single-award contracts in Q2."],"consensus_eps_estimate":null,"consensus_eps_actual":1.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":3138683000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164273,"accession_number":"0001193125-25-135958","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2025-06-05T23:59:59+00:00","items":["1.01","1.02","9.01"],"status":"ready","headline":"Parsons refinances with $450M term loan and $750M revolver, extending maturities","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $450M unsecured term loan (3-year maturity, no amortization) with $150M accordion; proceeds used to repay existing $350M term loan.","New $750M unsecured revolving credit facility (5-year maturity) with $500M accordion; replaces the previous 2021 revolver which was paid off.","Initial interest rates set at mid-range: Term SOFR + 1.125% or Base Rate + 0.125% for term loan; similar pricing for revolver.","Transactions extend debt maturities from October 2025/June 2026 to June 2028/June 2030.","Proceeds also available for working capital, capex, and general corporate purposes; no borrowings under new revolver at closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164272,"accession_number":"0000950170-25-080400","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2025-06-02T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Parsons cuts FY2025 revenue guidance by ~$700M at midpoint on State Dept contract uncertainty","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total revenue guidance lowered to $6.45-6.65B from $7.0-7.5B; midpoint down 3% YoY.","Adjusted EBITDA guidance reduced to $590-630M from $640-710M; margin flat at 9.1%-9.5%.","Cash flow from operations guidance cut to $380-420M from $420-480M, down 24% at midpoint.","Company cites May 29, 2025 State Department reorganization creating uncertainty for confidential contract after June 2025.","Excluding confidential contract, revenue guidance $6.165-6.365B, up 17% (14% organic) YoY at midpoint."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164271,"accession_number":"0000950170-25-060541","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2025-04-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons reports record Q1 revenue $1.6B, EPS $0.60, adjusted EBITDA $149M, reiterates FY2025 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record Q1 revenue $1.6B (+1% YoY, -2% organic); ex-confidential contract revenue +11% (+7% organic).","GAAP diluted EPS $0.60 vs $0.37 (+61%); adjusted EPS $0.78 vs $0.70 (+11%).","Record adjusted EBITDA $149M (+5%), margin 9.6% (+40bps). Record backlog $9.1B, book-to-bill 1.1x.","Critical Infrastructure: revenue +14%, adj. EBITDA +51% to $73.2M; Federal Solutions: revenue -7%, adj. EBITDA -18%.","Board increased buyback authorization to $250M; FY2025 guidance reiterated: rev $7.0-7.5B, adj. EBITDA $640-710M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.6,"consensus_revenue_estimate":null,"consensus_revenue_actual":1554360000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164270,"accession_number":"0000950170-25-054863","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2025-04-16T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Parsons stockholders elect four directors, ratify auditor, approve say-on-pay at 2025 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Elected four directors: Ball (91.2M for), Lord (90.7M), McDew (91.1M), Vautrinot (77.6M), each for a three-year term.","Ratified PwC as independent auditor for FY2025: 97.3M for, 2.3M against.","Approved advisory say-on-pay proposal with 91.5M for, 2.0M against, 0.5M abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182034,"accession_number":"0001193125-25-061456","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2025-03-24T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Parsons board boosts share repurchase authority to $250M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved increasing stock repurchase authorization to $250 million on March 20, 2025.","CEO Carey Smith cited strong operating results and cash flow enabling increased buybacks while investing in growth.","Repurchases are not assured; depend on market conditions, stock price, and other factors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182033,"accession_number":"0000950170-25-022753","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2025-02-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons reports record FY2024 revenue $6.8B, adjusted EBITDA $605M; guides FY2025 $7.0-7.5B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $1.7B (+16% YoY); EPS $0.49 ($0.78 adjusted); net income $54M (+21%).","FY2024 revenue $6.8B (+24% YoY, +22% organic); net income $235M (+46%); adjusted EBITDA $605M (+30%).","Record contract awards of $7.0B in FY2024 (+17%); backlog $8.9B (+4%).","FY2025 guidance: revenue $7.0-7.5B; adjusted EBITDA $640-710M; operating cash flow $420-480M.","Acquired BCC Engineering ($230M) and TRS Group ($36M) to strengthen infrastructure and remediation."],"consensus_eps_estimate":null,"consensus_eps_actual":2.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":6750576000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198689,"accession_number":"0000950170-24-118572","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2024-10-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q3 revenue $1.8B (+28%), net income $72M (+52%), raises FY guidance, announces $230M BCC acquisition","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record revenue $1.8B (+28% YoY); organic growth 26% (6th consecutive quarter >20%); GAAP EPS $0.65 vs $0.42.","Adjusted EBITDA $167M (+31%); margin 9.2% up 20bps; adjusted EPS $0.95 vs $0.69.","Record operating cash flow $299M in Q3; trailing 12-month OCF $587M (+91%).","Federal Solutions revenue +42% (org 39%), adj. EBITDA +84%; Critical Infrastructure adj. EBITDA -25% on write-down.","Raised FY24 guidance: rev $6.6-6.8B, adj. EBITDA $590-620M, OCF $425-465M; acquired BlackSignal ($204M) & agreed $230M BCC Engineering."],"consensus_eps_estimate":null,"consensus_eps_actual":0.31,"consensus_revenue_estimate":null,"consensus_revenue_actual":5016259000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214721,"accession_number":"0000950170-24-088218","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2024-07-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons reports record Q2 2024 revenue of $1.7B, up 23% YoY; raises full-year guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record revenue $1.7B (+23% YoY); organic growth 22% for fifth consecutive quarter above 20%.","Net income $69M (+60%); diluted EPS $0.63; adjusted EPS $0.84 (vs $0.63 prior year).","Adjusted EBITDA $150M (+27%); margin expanded 30 bps to 9.0%.","After quarter end, entered into definitive agreement to acquire BlackSignal Technologies for ~$200M.","FY 2024 guidance raised: revenue $6.35-6.55B, adj. EBITDA $555-595M, cash from ops $395-455M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":3206143000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233858,"accession_number":"0000950170-24-050874","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2024-05-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q1 revenue $1.5B +31% YoY; net loss on convertible note charge; guidance raised","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record revenue $1.5B (+31% YoY), organic growth 29%; net loss $107M due to $214M pre-tax charge on convertible note repurchase.","Adjusted EBITDA $141M (+56%), margin 9.2% (+150bps); adjusted EPS $0.70 vs $0.43 YoY.","FY2024 guidance raised: rev $6.1-6.4B (prior $5.8-6.0B), adj. EBITDA $535-575M (prior $505-545M), cash ops $380-440M.","Federal Solutions rev +43%, adj. EBITDA margin 10.2%; Critical Infrastructure rev +16%, margin 7.7%.","Book-to-bill 1.4x; total backlog $9.0B (+8%); key wins: Hudson Tunnel delivery partner, $970M options, $1B NNSA IDIQ."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":1535676000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233857,"accession_number":"0000950170-24-046171","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2024-04-22T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Parsons stockholders elect all four director nominees, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All four director nominees elected with >93M 'for' votes; broker non-votes ~4.8M on each.","Ratification of PricewaterhouseCoopers as auditor approved with 98.9M for, 1.9M against.","Advisory vote on executive compensation passed with 94.1M for, 1.7M against, 0.5M abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251837,"accession_number":"0001193125-24-046496","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2024-02-27T23:59:59+00:00","items":["1.01","2.03","3.02","7.01","8.01","9.01"],"status":"ready","headline":"Parsons issues $800M 2.625% convertible notes due 2029; board approves $100M stock buyback","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$800M aggregate principal 2.625% Convertible Senior Notes due 2029; initial conversion price ~$94.11 (25% premium over last sale).","Capped call transactions cost ~$88.4M to offset dilution; cap price $131.7575 (75% premium).","Board authorized $100M stock repurchase and removed $25M quarterly cap; also plans to repurchase some outstanding 0.25% 2025 notes.","Proceeds used for capped call cost, repurchases of existing notes and common shares, and general corporate purposes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251836,"accession_number":"0000950170-24-014926","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2024-02-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons reports record Q4 revenue $1.5B, FY revenue $5.4B; guides FY2024 revenue $5.8-6.0B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $1.5B (+35% YoY); organic growth 34%; net income $45M (+60%); GAAP EPS $0.39 vs $0.25","FY23 revenue $5.4B (+30% YoY); net income $161M (+67%); adjusted EBITDA $465M (+32%); cash from ops $408M (+72%)","Federal Solutions Q4 revenue +50% to $843M; CI revenue +21% to $651M; CI margins down 240bps on $20M program adjustments","Record 15 contract wins >$100M in FY23; book-to-bill 1.1x; backlog $8.6B up 5% YoY","FY2024 guidance: revenue $5.8-6.0B; adj. EBITDA $505-545M; cash from ops $350-410M; increased long-term growth targets"],"consensus_eps_estimate":null,"consensus_eps_actual":1.42,"consensus_revenue_estimate":null,"consensus_revenue_actual":5442749000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269370,"accession_number":"0000950170-23-072062","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2023-12-21T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Parsons CEO Carey Smith receives one-time $13M equity award; PSUs tied to TSR","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["RSUs of $4M vest ratably over four years; PSUs with target $6M, max $9M based on relative TSR.","PSU payout zero at/below 35th percentile; full payout at 65th percentile; 150% at 75th percentile.","Annualized target value $2.5M; only $1M vests annually in first three years.","Award approved Dec 18, 2023, in recognition of Smith's performance and retention."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269369,"accession_number":"0000950170-23-057101","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2023-11-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q3 record revenue $1.4B (+25% YoY), net income $47M (+60%), raises FY 2023 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $1.4B (+25% YoY), organic growth 23%; net income $47M (+60%), GAAP EPS $0.42 vs $0.27.","Adjusted EBITDA $128M (+24%), adj. EPS $0.69 vs $0.48; record Q3 cash from ops $204M.","Federal Solutions revenue +26% to $780M; Critical Infrastructure revenue +24% to $638M, adj. EBITDA +51%.","FY guidance raised: revenue $5.175-5.325B, adj. EBITDA $440-460M, cash from ops $300-340M.","Acquired SealingTech (~$200M) in Q3 and I.S. Engineers ($11.5M) post-Q3 to bolster cyber and infrastructure."],"consensus_eps_estimate":null,"consensus_eps_actual":1.03,"consensus_revenue_estimate":null,"consensus_revenue_actual":3948523000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286344,"accession_number":"0000950170-23-036756","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2023-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q2 record revenue $1.4B, EPS $0.38, raises FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record revenue $1.4B (+34% YoY), organic growth 23%, net income $43M (+136%), GAAP EPS $0.38.","Adjusted EBITDA $118M (+53%), margin 8.7% (up 100 bps), adjusted EPS $0.63 vs $0.41.","Book-to-bill 1.4x on $1.9B awards, total backlog $8.9B (+8% YoY), six contracts >$100M each.","Raised FY2023 guidance: revenue $4.85-5.05B, adjusted EBITDA $410-440M, operating cash flow $280-340M.","Federal Solutions revenue +42% (incl Xator), CI revenue +26% organic 25%, but CI margin down due to $28M write-downs on two legacy programs."],"consensus_eps_estimate":null,"consensus_eps_actual":0.61,"consensus_revenue_estimate":null,"consensus_revenue_actual":2529952000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306195,"accession_number":"0000950170-23-016866","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2023-05-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons reports record Q1 revenue of $1.2B, up 24% YoY; raises FY2023 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record Q1 revenue $1.2B (+24% YoY); organic growth 12%; net income $26M (+24%).","GAAP EPS $0.23; adjusted EPS $0.43; adjusted EBITDA $90M (+22%).","Book-to-bill 1.2x on $1.4B bookings; total backlog $8.4B (+$186M from Q4'22).","Raises FY2023 revenue guidance to $4.5-4.7B, adjusted EBITDA to $375-415M.","Won $750M State Dept contract, $214M Giant Mine, $164M Army Corps; post-Q1 awarded $1.8B FAA contract."],"consensus_eps_estimate":null,"consensus_eps_actual":0.23,"consensus_revenue_estimate":null,"consensus_revenue_actual":1173466000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306194,"accession_number":"0000950170-23-013699","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2023-04-20T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Parsons stockholders elect three directors, ratify PwC, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Elected Letitia A. Long (85.0M for), Harry T. McMahon (93.7M for), Carey A. Smith (93.1M for) to three-year terms.","Ratified PricewaterhouseCoopers LLP as independent auditor for FY2023 with 98.2M for votes.","Advisory vote on named executive officer compensation approved with 93.2M for votes.","All proposals passed with no material opposition."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325379,"accession_number":"0001564590-23-003611","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2023-03-15T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Parsons to host virtual Investor Day on March 15, 2023 at NYSE","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Investor Day scheduled for March 15, 2023 at 9:00 a.m. ET at NYSE.","Presentations will cover vision, strategy, business initiatives, and financial goals.","Speakers include CEO Carey Smith, CFO Matt Ofilos, and presidents of four business units.","Live webcast available via investor relations section of company website."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325378,"accession_number":"0001564590-23-001911","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2023-02-15T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons reports record Q4 2022 revenue of $1.1B and FY revenue of $4.2B; guides FY2023 revenue $4.375-4.575B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2022 revenue $1.1B (+16% total, +9% organic); adjusted EBITDA $98M record; net income $28M.","FY2022 revenue $4.2B record (+15%); adjusted EBITDA $353M record; net income $97M; diluted EPS $0.87.","FY2023 guidance: revenue $4.375-4.575B, adjusted EBITDA $365-405M, cash from ops $270-330M.","Won $2B Giant Mine remediation contract (12-year); booked $270M in Q4; total 11 contract wins >$100M each.","Federal Solutions Q4 rev $563M (+14%); Critical Infrastructure Q4 rev $540M (+18%) all organic."],"consensus_eps_estimate":null,"consensus_eps_actual":0.87,"consensus_revenue_estimate":null,"consensus_revenue_actual":4195272000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325377,"accession_number":"0001193125-23-012070","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2023-01-20T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Parsons amends bylaws to adopt universal proxy rules and enhance stockholder meeting procedures","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Board adopted Second Amended and Restated Bylaws effective January 16, 2023.","Amendments incorporate SEC universal proxy rules requiring compliance with Rule 14a-19 for proxy solicitations.","Enhanced disclosure requirements for stockholder director nominations and business proposals, including background info.","Additional technical, modernizing, and clarifying changes made to the bylaws."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":343142,"accession_number":"0001564590-22-036204","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2022-11-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q3 revenue up 19% to $1.13B; net income up 53%; raises FY2022 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $1,134M (+19% YoY) with organic growth of 11%; Federal Solutions +24%, Critical Infrastructure +13%.","Net income $30M (+53%); GAAP EPS $0.27 vs $0.18; Adjusted EBITDA $103M (+22%); Adjusted EPS $0.48 vs $0.44.","Book-to-bill 1.1x on $1.3B net bookings; backlog $8.2B; cash from operations $123M in Q3 (+59% YoY).","FY2022 guidance raised: revenue $4.05-4.20B, adjusted EBITDA $340-360M, cash flow $255-275M (midpoints up).","Notable wins: $121M cyber contract option, $120M Middle East cities, $117M FAA services, $104M TEAMS Next."],"consensus_eps_estimate":null,"consensus_eps_actual":0.62,"consensus_revenue_estimate":null,"consensus_revenue_actual":3092160000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359693,"accession_number":"0001564590-22-031876","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2022-09-19T23:59:59+00:00","items":["1.02","1.01","2.03","9.01"],"status":"ready","headline":"Parsons enters $350M delayed draw term loan with $150M accordion, 3-year maturity","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$350M unsecured delayed draw term loan; optional increase up to $150M, 3-year maturity.","Interest rate based on Term SOFR + margin 0.875%-1.500% (or base rate + 0%-0.500%), initially at mid-range.","Proceeds may repay existing Senior Notes, prepay revolving loans, or for working capital/capex.","No amounts funded at closing; tick fee 0.175% on undrawn commitments after 90 days.","Concurrent amendment to existing Revolving Credit Agreement to update from LIBOR to SOFR pricing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359692,"accession_number":"0001564590-22-027606","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2022-08-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q2 revenue up 15% to $1.01B; raises FY2022 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $1,009M (+15% YoY, 9% organic); GAAP EPS $0.17 vs $0.06; adjusted EPS $0.41 vs $0.32.","Adjusted EBITDA $77M (+18%); Fed Solutions margin 8.9% (+150bps), Critical Infrastructure margin 6.3% (-130bps).","Completed Xator acquisition for $388M, funded by cash and revolver; expands national security and critical infrastructure.","FY2022 guidance raised: revenue $3.95B-$4.15B; adj. EBITDA $330M-$360M; cash flow from ops reiterated at $240M-$280M.","Book-to-bill 1.0x; total backlog $8.2B; Q2 operating cash flow $51M (incl. $8M Xator transaction costs)."],"consensus_eps_estimate":null,"consensus_eps_actual":0.35,"consensus_revenue_estimate":null,"consensus_revenue_actual":1957790000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":359691,"accession_number":"0001193125-22-200898","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2022-07-25T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Parsons appoints new CFO and adds two board members","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Matthew Ofilos named CFO effective July 25, 2022, replacing retiring George L. Ball.","Ball, CFO since 2008, will remain in an advisory capacity through September 2022.","Ellen Lord (former USD for Acquisition & Sustainment) and George Ball elected to the board as Class III directors.","Board size increased from 9 to 11 members; appointments follow retirements of Harrington and McGovern."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":378514,"accession_number":"0001193125-22-162323","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2022-05-27T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Parsons subsidiary agrees to acquire Xator for $400M cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Parsons Government Services, Inc. will acquire 100% of Xator LLC for $400 million in cash.","Purchase price subject to customary adjustments for cash, debt, transaction expenses and working capital.","A $2.5 million escrow will be held for potential post-closing adjustments and indemnification.","Transaction expected to close upon satisfaction of regulatory and other customary conditions.","Xator is a provider of security and technology solutions to the U.S. government and defense sector."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":378513,"accession_number":"0001193125-22-156826","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2022-05-23T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Parsons to acquire Xator Corporation for $400M; accretive to 2023 EPS","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total consideration $400M; net of $57M tax benefit values deal at ~$343M.","Multiple of 10.7x Xator's estimated 2023 adjusted EBITDA; Xator expected 2023 revenue ~$300M.","Xator adds ~900 employees and expands Parsons' presence in USSOCOM, IC, and State Department markets.","Acquisition expected to close later this quarter (Q2 2022) subject to customary conditions.","Xator will integrate into Parsons' engineered systems business unit; capabilities include cUAS, biometrics, critical infrastructure protection."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":378512,"accession_number":"0001564590-22-017652","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2022-05-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q1 revenue up 9% to $949M; net income +129%; reiterates FY22 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $949M (+9% YoY), organic growth 6%; net income $21M vs $9M prior year.","Adjusted EBITDA $74M (+8% YoY); adjusted EPS $0.40 vs $0.34.","Federal Solutions revenue $492M (+9%), adjusted EBITDA margin 8.7% up 160 bps.","Critical Infrastructure revenue $457M (+8% organic), but adj EBITDA margin down to 6.9% on change order.","Book-to-bill 1.0x; total backlog $8.2B; FY22 guidance reaffirmed: rev $3.7–3.9B, adj EBITDA $315–345M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":949069000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":378511,"accession_number":"0001564590-22-014661","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2022-04-18T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Parsons Corp. annual meeting results: directors elected, auditor and say-on-pay approved","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Darren W. McDew elected with 86.7M votes for; Suzanne M. Vautrinot elected with 81.3M votes for.","Ratification of PricewaterhouseCoopers LLP as auditor: 95.0M for, 4.8M against (passed).","Advisory vote on named executive officer compensation: 93.7M for, 2.1M against (passed)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.0,"calibrated_materiality_score":0.0,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":396771,"accession_number":"0001564590-22-006025","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2022-02-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons reports Q4 revenue $951M, adj EBITDA $91M; issues FY22 revenue guidance $3.7-3.9B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $951M (-1% YoY, -6% organic); net income $29M; adj EPS $0.55 vs $0.51 YoY.","FY22 guidance: revenue $3.7B-$3.9B, adj EBITDA $315M-$345M, cash from ops $240M-$280M.","Won $2B Faro Mine contract (one of largest awards) plus two other ~$100M awards in Q4.","Total backlog $8.3B (+3% YoY); book-to-bill 1.25x for FY21.","Cash from ops Q4 $90M, FY $206M; net debt to adj EBITDA leverage 0.8x."],"consensus_eps_estimate":null,"consensus_eps_actual":0.59,"consensus_revenue_estimate":null,"consensus_revenue_actual":3660771000.0,"consensus_period":"2021-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":396770,"accession_number":"0001564590-22-002023","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2022-01-24T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Parsons appoints Carey Smith as Chairwoman, Steven Leer as Lead Independent Director","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Carey A. Smith elected Chairwoman, effective April 14, 2022; she continues as President and CEO.","Steven F. Leer elected Lead Independent Director, effective April 14, 2022, succeeding James McGovern.","Chairman Charles Harrington retires on April 14, 2022, after 40 years with Parsons.","Lead Independent Director James McGovern retires due to mandatory board retirement age."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":415726,"accession_number":"0001564590-21-053721","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2021-11-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q3 revenue down 5% YoY to $956M; adjusted EBITDA margin 8.8%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $956M (-5% YoY); net income $19M ($0.18 EPS) vs $0.40 YoY; adjusted EPS $0.44.","Adjusted EBITDA $84M (8.8% margin) down 16% YoY; $12.2M write-downs on two legacy CI programs.","Record backlog $8.6B (+10.4% YoY); book-to-bill 1.1x Q3, 1.3x TTM; five contract wins >$100M each.","Cash from ops $77M in Q3; FY2021 guidance reiterated: rev $3.6-3.7B, adj. EBITDA $295-315M.","Completed acquisitions BlackHorse Solutions and Echo Ridge; authorized $100M buyback; repurchased $8.7M in Q3."],"consensus_eps_estimate":null,"consensus_eps_actual":0.33,"consensus_revenue_estimate":null,"consensus_revenue_actual":2710103000.0,"consensus_period":"2021-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":433352,"accession_number":"0001564590-21-043499","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2021-08-11T23:59:59+00:00","items":["1.01"],"status":"ready","headline":"Board authorizes $100M stock repurchase program","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Board approved repurchase of up to $100M of common stock, commencing August 12, 2021.","Repurchases may occur on open market or in privately negotiated transactions.","Program subject to market conditions and applicable regulations.","Authorization does not have fixed expiration, but may be suspended or terminated by board."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":433351,"accession_number":"0001564590-21-040485","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2021-08-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Parsons Q2 revenue falls 10% to $879M; net income $7M; FY guidance reduced","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $879M (-10% YoY); net income $7M ($0.06 EPS); adjusted EPS $0.32 vs $0.49 prior year.","Two program reserves ($15.4M legacy CI, $6.9M Federal Solutions) hurt margins; adjusted EBITDA margin 7.5%.","Record Q2 operating cash flow $104M; record book-to-bill 1.9x (Federal Solutions 2.8x).","Carey Smith named CEO effective July 1, 2021; Chuck Harrington becomes exec chairman.","FY2021 guidance cut: revenue $3.6-3.7B (prior $3.85-4.05B), adj. EBITDA $295-315M (prior $350-375M)."],"consensus_eps_estimate":null,"consensus_eps_actual":0.15,"consensus_revenue_estimate":null,"consensus_revenue_actual":1754053000.0,"consensus_period":"2021-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":433350,"accession_number":"0001564590-21-035894","cik":275880,"company_name":"PARSONS CORP","ticker":"PSN","form_type":"8-K","filed_at":"2021-07-07T23:59:59+00:00","items":["2.01","7.01","9.01"],"status":"ready","headline":"Parsons completes accretive $203M acquisition of BlackHorse Solutions","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquisition valued at $203 million; accretive to Parsons.","Expands capabilities in cyber, electronic warfare, and information dominance.","BlackHorse technology unifies cyber, electromagnetic warfare, and info operations for DoD/IC customers.","Consistent with strategy: targets companies with revenue growth and >10% adjusted EBITDA margins.","BlackHorse is headquartered in Herndon, Virginia."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6080659277.767838,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}