secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001564590-22-017652
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons Q1 revenue up 9% to $949M; net income +129%; reiterates FY22 guidance
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- Revenue $949M (+9% YoY), organic growth 6%; net income $21M vs $9M prior year.
- Adjusted EBITDA $74M (+8% YoY); adjusted EPS $0.40 vs $0.34.
- Federal Solutions revenue $492M (+9%), adjusted EBITDA margin 8.7% up 160 bps.
- Critical Infrastructure revenue $457M (+8% organic), but adj EBITDA margin down to 6.9% on change order.
- Book-to-bill 1.0x; total backlog $8.2B; FY22 guidance reaffirmed: rev $3.7–3.9B, adj EBITDA $315–345M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000156459022017652/0001564590-22-017652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000156459022017652/psn-8k_20220504.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-017652

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