secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000950170-25-060541
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons reports record Q1 revenue $1.6B, EPS $0.60, adjusted EBITDA $149M, reiterates FY2025 guidance
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- Record Q1 revenue $1.6B (+1% YoY, -2% organic); ex-confidential contract revenue +11% (+7% organic).
- GAAP diluted EPS $0.60 vs $0.37 (+61%); adjusted EPS $0.78 vs $0.70 (+11%).
- Record adjusted EBITDA $149M (+5%), margin 9.6% (+40bps). Record backlog $9.1B, book-to-bill 1.1x.
- Critical Infrastructure: revenue +14%, adj. EBITDA +51% to $73.2M; Federal Solutions: revenue -7%, adj. EBITDA -18%.
- Board increased buyback authorization to $250M; FY2025 guidance reiterated: rev $7.0-7.5B, adj. EBITDA $640-710M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000095017025060541/0000950170-25-060541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000095017025060541/psn-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-060541

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