secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001193125-26-188898
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons Q1: Adj EBITDA record $151M (margin 10.1%); backlog $9.3B record; revenue $1.5B down 4%
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- GAAP net income $53M ($0.49 EPS) vs $0.60 prior year; adjusted EPS $0.79 vs $0.78.
- Revenue $1.5B down 4% YoY; organic revenue down 8%; up 8% excluding confidential contract.
- Segment: Critical Infra rev +3%, EBITDA +8% (margin 10.8%); Federal Solutions rev -10%, EBITDA -5% (margin 9.4%).
- Book-to-bill 1.4x; total backlog $9.3B and funded backlog $6.6B, both records since IPO.
- Closed Altamira acquisition up to $375M; won $593M FAA extension, $500M Cyber Command, $340M Middle East transport contract.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000119312526188898/0001193125-26-188898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000119312526188898/psn-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-188898

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