secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-016866
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons reports record Q1 revenue of $1.2B, up 24% YoY; raises FY2023 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000095017023016866/0000950170-23-016866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000095017023016866/psn-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016866

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer