secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0000950170-25-080400
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons cuts FY2025 revenue guidance by ~$700M at midpoint on State Dept contract uncertainty
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000095017025080400/0000950170-25-080400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000095017025080400/psn-20250602.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-080400

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