secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001564590-22-006025
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons reports Q4 revenue $951M, adj EBITDA $91M; issues FY22 revenue guidance $3.7-3.9B
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- Q4 revenue $951M (-1% YoY, -6% organic); net income $29M; adj EPS $0.55 vs $0.51 YoY.
- FY22 guidance: revenue $3.7B-$3.9B, adj EBITDA $315M-$345M, cash from ops $240M-$280M.
- Won $2B Faro Mine contract (one of largest awards) plus two other ~$100M awards in Q4.
- Total backlog $8.3B (+3% YoY); book-to-bill 1.25x for FY21.
- Cash from ops Q4 $90M, FY $206M; net debt to adj EBITDA leverage 0.8x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000156459022006025/0001564590-22-006025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000156459022006025/psn-8k_20220223.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-006025

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