secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000950170-23-057101
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000095017023057101/0000950170-23-057101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000095017023057101/psn-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-057101

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