secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0000950170-25-103505
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons Q2 revenue $1.6B -5% YoY; raises FY2025 guidance; acquires CTI for $89M
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- Q2 net income $55M (-20% YoY); adjusted EPS $0.78 vs $0.84.
- Adjusted EBITDA margin expanded 40 bps to 9.4%; revenue ex-confidential contract up 13%.
- Total backlog $8.9B; funded backlog $6.2B highest since 2019 IPO.
- FY2025 guidance raised: revenue $6.48-6.68B, adj. EBITDA $595-635M, operating cash flow $400-440M.
- Closed CTI acquisition for $89M; won three >$100M single-award contracts in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000095017025103505/0000950170-25-103505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000095017025103505/psn-20250806.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-103505

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