secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000950170-24-088218
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons reports record Q2 2024 revenue of $1.7B, up 23% YoY; raises full-year guidance
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- Record revenue $1.7B (+23% YoY); organic growth 22% for fifth consecutive quarter above 20%.
- Net income $69M (+60%); diluted EPS $0.63; adjusted EPS $0.84 (vs $0.63 prior year).
- Adjusted EBITDA $150M (+27%); margin expanded 30 bps to 9.0%.
- After quarter end, entered into definitive agreement to acquire BlackSignal Technologies for ~$200M.
- FY 2024 guidance raised: revenue $6.35-6.55B, adj. EBITDA $555-595M, cash from ops $395-455M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000095017024088218/0000950170-24-088218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000095017024088218/psn-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-088218

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