{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-265650","form_type":"8-K","ticker":"PSN","cik":"0000275880","company_name":"PARSONS CORP","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.644526+00:00","generated_at":"2026-05-17T00:26:37.463922+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Parsons Q3 revenue down 10% to $1.6B; net income slides 11%; margin expands 60 bps","bullets":["GAAP EPS $0.59 vs $0.65; adjusted EPS $0.86 vs $0.95; net income $64M, down 11% YoY.","Revenue $1.6B, down 10% total and 14% organic; ex-confidential contract, up 14% total and 9% organic.","Critical Infrastructure revenue +18%, adjusted EBITDA +83% to $86M; Federal Solutions revenue -29% (ex-confidential +9%).","Backlog $8.8B (72% funded, highest since IPO); book-to-bill 1.0x; TTM book-to-bill 1.0x for 6th straight year.","FY2025 revenue guidance lowered to $6.4-6.5B (from $6.48-6.68B); adjusted EBITDA and cash flow guidance reiterated at mid-point."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-265650","json":"https://secwatch.observer/filing/0001193125-25-265650.json","markdown":"https://secwatch.observer/filing/0001193125-25-265650.md","text":"https://secwatch.observer/filing/0001193125-25-265650.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/275880/000119312525265650/0001193125-25-265650-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/275880/000119312525265650/psn-20251105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:26:37.463922+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"}