---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-053721"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2021-11-03T23:59:59+00:00"
generated_at: "2026-06-28T14:37:44.934758+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Parsons Q3 revenue down 5% YoY to $956M; adjusted EBITDA margin 8.8%

## Summary
- Revenue $956M (-5% YoY); net income $19M ($0.18 EPS) vs $0.40 YoY; adjusted EPS $0.44.
- Adjusted EBITDA $84M (8.8% margin) down 16% YoY; $12.2M write-downs on two legacy CI programs.
- Record backlog $8.6B (+10.4% YoY); book-to-bill 1.1x Q3, 1.3x TTM; five contract wins >$100M each.
- Cash from ops $77M in Q3; FY2021 guidance reiterated: rev $3.6-3.7B, adj. EBITDA $295-315M.
- Completed acquisitions BlackHorse Solutions and Echo Ridge; authorized $100M buyback; repurchased $8.7M in Q3.

## SEC filing metadata
- accession: 0001564590-21-053721
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2021-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275880/000156459021053721/0001564590-21-053721-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000156459021053721/psn-8k_20211103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-053721
- JSON: https://secwatch.observer/filing/0001564590-21-053721.json
- Plain text: https://secwatch.observer/filing/0001564590-21-053721.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.