secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0000950170-25-022753
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000095017025022753/0000950170-25-022753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000095017025022753/psn-20250219.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-022753

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