{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-050874","form_type":"8-K","ticker":"PSN","cik":"0000275880","company_name":"PARSONS CORP","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.491135+00:00","generated_at":"2026-06-03T03:22:09.790069+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 Q1 revenue $1.5B +31% YoY; net loss on convertible note charge; guidance raised","bullets":["Record revenue $1.5B (+31% YoY), organic growth 29%; net loss $107M due to $214M pre-tax charge on convertible note repurchase.","Adjusted EBITDA $141M (+56%), margin 9.2% (+150bps); adjusted EPS $0.70 vs $0.43 YoY.","FY2024 guidance raised: rev $6.1-6.4B (prior $5.8-6.0B), adj. EBITDA $535-575M (prior $505-545M), cash ops $380-440M.","Federal Solutions rev +43%, adj. EBITDA margin 10.2%; Critical Infrastructure rev +16%, margin 7.7%.","Book-to-bill 1.4x; total backlog $9.0B (+8%); key wins: Hudson Tunnel delivery partner, $970M options, $1B NNSA IDIQ."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-050874","json":"https://secwatch.observer/filing/0000950170-24-050874.json","markdown":"https://secwatch.observer/filing/0000950170-24-050874.md","text":"https://secwatch.observer/filing/0000950170-24-050874.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/275880/000095017024050874/0000950170-24-050874-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/275880/000095017024050874/psn-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:22:09.790069+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":"8447830de8da992bb93452effe13e42cb0981de3","claim":"PARSONS CORP reported the first quarter ended March 31, 2024 results: revenue $1.5 billion, net income Net loss of $107 million, EPS ($1.01). Guidance raised.","evidence_excerpt":"--- EX-99.1 Exhibit 99.1 Parsons* third quarter 2022 earnings press release Parsons Reports Strong First Quarter 2024 Results Q1 2024 Financial Highlights ▪ Record revenue of $1.5 billion increases 31% year-over-year ▪ Record first quarter organic revenue growth of 29%, including four consecutive quarters with organic growth above 20% ▪ Net loss of $107 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/275880/000095017024050874/0000950170-24-050874-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.5 billion"},{"label":"Net income","value":"Net loss of $107 million"},{"label":"EPS","value":"($1.01)"},{"label":"Guidance","value":"raised"},{"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"}