{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-014926","form_type":"8-K","ticker":"PSN","cik":"0000275880","company_name":"PARSONS CORP","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.514856+00:00","generated_at":"2026-06-06T02:44:23.445773+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Parsons reports record Q4 revenue $1.5B, FY revenue $5.4B; guides FY2024 revenue $5.8-6.0B","bullets":["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"],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-014926","json":"https://secwatch.observer/filing/0000950170-24-014926.json","markdown":"https://secwatch.observer/filing/0000950170-24-014926.md","text":"https://secwatch.observer/filing/0000950170-24-014926.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/275880/000095017024014926/0000950170-24-014926-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/275880/000095017024014926/psn-20240214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:44:23.445773+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":"b8c83f45dd1129e779968c8536e216045de4d150","claim":"PARSONS CORP reported the year ended December 31, 2023 results: revenue $5.4 billion, net income $161 million, EPS $1.42.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/275880/000095017024014926/0000950170-24-014926-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$5.4 billion"},{"label":"Net income","value":"$161 million"},{"label":"EPS","value":"$1.42"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"de2b5ddd9b4c21aa370ea08bbeeae2e2185bcf45","claim":"PARSONS CORP reported the fourth quarter of 2023 results: revenue $1.5 billion, net income $45 million, EPS $0.39.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/275880/000095017024014926/0000950170-24-014926-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2023"},{"label":"Revenue","value":"$1.5 billion"},{"label":"Net income","value":"$45 million"},{"label":"EPS","value":"$0.39"},{"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"}