---
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"
generated_at: "2026-06-06T02:44:23.445773+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Parsons reports record Q4 revenue $1.5B, FY revenue $5.4B; guides FY2024 revenue $5.8-6.0B

## Summary
- 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

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-014926
- JSON: https://secwatch.observer/filing/0000950170-24-014926.json
- Plain text: https://secwatch.observer/filing/0000950170-24-014926.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/275880/000095017024014926/0000950170-24-014926-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/275880/000095017024014926/0000950170-24-014926-index.htm

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