---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-036204"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T15:42:32.735594+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-22-036204
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275880/000156459022036204/0001564590-22-036204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000156459022036204/psn-8k_20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-036204
- JSON: https://secwatch.observer/filing/0001564590-22-036204.json
- Plain text: https://secwatch.observer/filing/0001564590-22-036204.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/275880/000156459022036204/0001564590-22-036204-index.htm

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