8-K
filed February 14, 2024, 6:59 PM ET
ticker PSN
CIK 0000275880
earnings
confidence high
sentiment positive
materiality 0.85
Parsons reports record Q4 revenue $1.5B, FY revenue $5.4B; guides FY2024 revenue $5.8-6.0B
PARSONS CORP
2023-FY EPS reported
$1.42
revenue$5,442,749,000
- 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
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
PARSONS CORP reported the year ended December 31, 2023 results: revenue $5.4 billion, net income $161 million, EPS $1.42.
- Period
- the year ended December 31, 2023
- Revenue
- $5.4 billion
- Net income
- $161 million
- EPS
- $1.42
- Result
- reported results
Exact text from the filing
30% year-over-year ▪ Cash flow from operations of $190 million ▪ Contract awards increase 13% year-over-year to $1.2 billion Record Fiscal Year 2023 Highlights ▪ Revenue of $5.4 billion, representing total growth of 30% and organic growth of 23% ▪ Net income of $161 million increases 67% ▪ Adjusted EBITDA of $465 million increases 32% year-over-year ▪ Cash flow
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
PARSONS CORP reported the fourth quarter of 2023 results: revenue $1.5 billion, net income $45 million, EPS $0.39.
- Period
- the fourth quarter of 2023
- Revenue
- $1.5 billion
- Net income
- $45 million
- EPS
- $0.39
- Result
- reported results
Exact text from the filing
quarter 2022 earnings press release Parsons Reports Record Results Since IPO for the Fourth Quarter and Fiscal Year 2023 Record Fourth Quarter Financial Highlights ▪ Revenue of $1.5 billion increases 35% year-over-year ▪ Organic revenue growth of 34% including at least 20% organic growth in both segments for the third consecutive quarter ▪ Net income of $45 million
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.