Parsons Q3 revenue up 19% to $1.13B; net income up 53%; raises FY2022 guidance

PARSONS CORP

2022-Q3 EPS reported $0.62 revenue$3,092,160,000

Revenue $1,134M (+19% YoY) with organic growth of 11%; Federal Solutions +24%, Critical Infrastructure +13%.
Net income $30M (+53%); GAAP EPS $0.27 vs $0.18; Adjusted EBITDA $103M (+22%); Adjusted EPS $0.48 vs $0.44.
Book-to-bill 1.1x on $1.3B net bookings; backlog $8.2B; cash from operations $123M in Q3 (+59% YoY).
FY2022 guidance raised: revenue $4.05-4.20B, adjusted EBITDA $340-360M, cash flow $255-275M (midpoints up).
Notable wins: $121M cyber contract option, $120M Middle East cities, $117M FAA services, $104M TEAMS Next.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PARSONS CORP reported the third quarter ended September 30, 2022 results: revenue $1,134 million, net income $30 million, EPS $0.27. Guidance raised.

Period: the third quarter ended September 30, 2022
Revenue: $1,134 million
Net income: $30 million
EPS: $0.27
Guidance: raised
Result: reported results

Exact text from the filing

99.1 Parsons* third quarter 2022 earnings press release Parsons Reports Strong Third Quarter 2022 Results Q3 2022 Financial Highlights ▪ Revenue increases 19% year-over-year to $1,134 million, includes organic growth of 11% ▪ Organic revenue growth driven by both segments: Critical Infrastructure 13% and Federal Solutions 10% ▪ Net income increases 53% to $30 million

View on SEC.gov

Browse all earnings releases →

PARSONS CORP filing history →

Source: SEC EDGAR

accession 0001564590-22-036204

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.