secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0000950170-24-014926
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000095017024014926/0000950170-24-014926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000095017024014926/psn-20240214.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-014926

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