---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-118572"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:39:02.981664+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Parsons Q3 revenue $1.8B (+28%), net income $72M (+52%), raises FY guidance, announces $230M BCC acquisition

## Summary
- Record revenue $1.8B (+28% YoY); organic growth 26% (6th consecutive quarter >20%); GAAP EPS $0.65 vs $0.42.
- Adjusted EBITDA $167M (+31%); margin 9.2% up 20bps; adjusted EPS $0.95 vs $0.69.
- Record operating cash flow $299M in Q3; trailing 12-month OCF $587M (+91%).
- Federal Solutions revenue +42% (org 39%), adj. EBITDA +84%; Critical Infrastructure adj. EBITDA -25% on write-down.
- Raised FY24 guidance: rev $6.6-6.8B, adj. EBITDA $590-620M, OCF $425-465M; acquired BlackSignal ($204M) & agreed $230M BCC Engineering.

## SEC filing metadata
- accession: 0000950170-24-118572
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275880/000095017024118572/0000950170-24-118572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000095017024118572/psn-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-118572
- JSON: https://secwatch.observer/filing/0000950170-24-118572.json
- Plain text: https://secwatch.observer/filing/0000950170-24-118572.txt

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