{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-036756","form_type":"8-K","ticker":"PSN","cik":"0000275880","company_name":"PARSONS CORP","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.205943+00:00","generated_at":"2026-06-12T15:10:16.076450+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Parsons Q2 record revenue $1.4B, EPS $0.38, raises FY guidance","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-036756","json":"https://secwatch.observer/filing/0000950170-23-036756.json","markdown":"https://secwatch.observer/filing/0000950170-23-036756.md","text":"https://secwatch.observer/filing/0000950170-23-036756.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/275880/000095017023036756/0000950170-23-036756-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/275880/000095017023036756/psn-20230802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T15:10:16.076450+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2bbf94a998bc4fce16f5a543606497981d16e008","claim":"PARSONS CORP reported Q2 2023 results: revenue $1.4 billion, net income $43 million, EPS $0.38. Guidance raised.","evidence_excerpt":"Record revenue of $1.4 billion increases 34% year-over-year ▪ Record organic revenue growth of 23% driven by record organic growth in both segments ▪ Significant second quarter net income of $43 million increases 136% ▪ Record adjusted EBITDA increases 53% to $118 million ▪ Strong book-to-bill ratio of 1.4x on contract awards growth of 95% ▪ Record total backlog increases 8% to $8.9 billion ▪ Increasing 2023 guidance ranges for revenue, adjusted EBITDA, and cash flow from operations","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/275880/000095017023036756/0000950170-23-036756-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q2 2023"},{"label":"Revenue","value":"$1.4 billion"},{"label":"Net income","value":"$43 million"},{"label":"EPS","value":"$0.38"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b77cdf24a9408cbca701cf67a97da97f30fce4f0","claim":"PARSONS CORP reported quarter ended June 30, 2023 results: revenue $1.4 billion, net income $43 million, EPS $0.38. Guidance raised.","evidence_excerpt":"All Rights Reserved. 2 Parsons* third quarter 2022 earnings press release Parsons Reports Strong Second Quarter 2023 Results Q2 2023 Financial Highlights ▪ Record revenue of $1.4 billion increases 34% year-over-year ▪ Record organic revenue growth of 23% driven by record organic growth in both segments ▪ Significant second quarter net income of $43 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/275880/000095017023036756/0000950170-23-036756-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended June 30, 2023"},{"label":"Revenue","value":"$1.4 billion"},{"label":"Net income","value":"$43 million"},{"label":"EPS","value":"$0.38"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}