{"schema_version":"secwatch.filing_event.v1","accession":"0001564590-21-040485","form_type":"8-K","ticker":"PSN","cik":"0000275880","company_name":"PARSONS CORP","filed_at":"2021-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:04:20.244166+00:00","generated_at":"2026-06-29T22:50:03.474325+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 Q2 revenue falls 10% to $879M; net income $7M; FY guidance reduced","bullets":["Q2 revenue $879M (-10% YoY); net income $7M ($0.06 EPS); adjusted EPS $0.32 vs $0.49 prior year.","Two program reserves ($15.4M legacy CI, $6.9M Federal Solutions) hurt margins; adjusted EBITDA margin 7.5%.","Record Q2 operating cash flow $104M; record book-to-bill 1.9x (Federal Solutions 2.8x).","Carey Smith named CEO effective July 1, 2021; Chuck Harrington becomes exec chairman.","FY2021 guidance cut: revenue $3.6-3.7B (prior $3.85-4.05B), adj. EBITDA $295-315M (prior $350-375M)."],"urls":{"canonical":"https://secwatch.observer/filing/0001564590-21-040485","json":"https://secwatch.observer/filing/0001564590-21-040485.json","markdown":"https://secwatch.observer/filing/0001564590-21-040485.md","text":"https://secwatch.observer/filing/0001564590-21-040485.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/275880/000156459021040485/0001564590-21-040485-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/275880/000156459021040485/psn-8k_20210804.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T22:50:03.474325+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"}