secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118572
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000095017024118572/0000950170-24-118572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000095017024118572/psn-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118572

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