---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-022753"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T12:38:14.080737+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Parsons reports record FY2024 revenue $6.8B, adjusted EBITDA $605M; guides FY2025 $7.0-7.5B

## Summary
- Q4 revenue $1.7B (+16% YoY); EPS $0.49 ($0.78 adjusted); net income $54M (+21%).
- FY2024 revenue $6.8B (+24% YoY, +22% organic); net income $235M (+46%); adjusted EBITDA $605M (+30%).
- Record contract awards of $7.0B in FY2024 (+17%); backlog $8.9B (+4%).
- FY2025 guidance: revenue $7.0-7.5B; adjusted EBITDA $640-710M; operating cash flow $420-480M.
- Acquired BCC Engineering ($230M) and TRS Group ($36M) to strengthen infrastructure and remediation.

## SEC filing metadata
- accession: 0000950170-25-022753
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275880/000095017025022753/0000950170-25-022753-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000095017025022753/psn-20250219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-022753
- JSON: https://secwatch.observer/filing/0000950170-25-022753.json
- Plain text: https://secwatch.observer/filing/0000950170-25-022753.txt

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