---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057101"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:27:50.545998+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Parsons Q3 record revenue $1.4B (+25% YoY), net income $47M (+60%), raises FY 2023 guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-057101
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275880/000095017023057101/0000950170-23-057101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000095017023057101/psn-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057101
- JSON: https://secwatch.observer/filing/0000950170-23-057101.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057101.txt

## Key facts
- Earnings Releases
  PARSONS CORP reported the third quarter ended September 30, 2023 results: revenue $1.4 billion, net income $47 million, EPS $0.42. Guidance raised.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $1.4 billion
  - Net income: $47 million
  - EPS: $0.42
  - Guidance: raised
  - Result: reported results
  source text: total revenue for the third quarter of 2023 increased by $284 million, or 25%, to $1.4 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/275880/000095017023057101/0000950170-23-057101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.