{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-080400","form_type":"8-K","ticker":"PSN","cik":"0000275880","company_name":"PARSONS CORP","filed_at":"2025-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.876666+00:00","generated_at":"2026-05-20T03:29:39.442754+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Parsons cuts FY2025 revenue guidance by ~$700M at midpoint on State Dept contract uncertainty","bullets":["Total revenue guidance lowered to $6.45-6.65B from $7.0-7.5B; midpoint down 3% YoY.","Adjusted EBITDA guidance reduced to $590-630M from $640-710M; margin flat at 9.1%-9.5%.","Cash flow from operations guidance cut to $380-420M from $420-480M, down 24% at midpoint.","Company cites May 29, 2025 State Department reorganization creating uncertainty for confidential contract after June 2025.","Excluding confidential contract, revenue guidance $6.165-6.365B, up 17% (14% organic) YoY at midpoint."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-080400","json":"https://secwatch.observer/filing/0000950170-25-080400.json","markdown":"https://secwatch.observer/filing/0000950170-25-080400.md","text":"https://secwatch.observer/filing/0000950170-25-080400.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/275880/000095017025080400/0000950170-25-080400-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/275880/000095017025080400/psn-20250602.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T03:29:39.442754+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}