secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001564590-22-027606
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons Q2 revenue up 15% to $1.01B; raises FY2022 guidance
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- Revenue $1,009M (+15% YoY, 9% organic); GAAP EPS $0.17 vs $0.06; adjusted EPS $0.41 vs $0.32.
- Adjusted EBITDA $77M (+18%); Fed Solutions margin 8.9% (+150bps), Critical Infrastructure margin 6.3% (-130bps).
- Completed Xator acquisition for $388M, funded by cash and revolver; expands national security and critical infrastructure.
- FY2022 guidance raised: revenue $3.95B-$4.15B; adj. EBITDA $330M-$360M; cash flow from ops reiterated at $240M-$280M.
- Book-to-bill 1.0x; total backlog $8.2B; Q2 operating cash flow $51M (incl. $8M Xator transaction costs).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000156459022027606/0001564590-22-027606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000156459022027606/psn-8k_20220803.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-027606

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