8-K
filed February 15, 2023, 6:59 PM ET
ticker PSN
CIK 0000275880
earnings
confidence high
sentiment positive
materiality 0.80
Parsons reports record Q4 2022 revenue of $1.1B and FY revenue of $4.2B; guides FY2023 revenue $4.375-4.575B
PARSONS CORP
2022-FY EPS reported
$0.87
revenue$4,195,272,000
- Q4 2022 revenue $1.1B (+16% total, +9% organic); adjusted EBITDA $98M record; net income $28M.
- FY2022 revenue $4.2B record (+15%); adjusted EBITDA $353M record; net income $97M; diluted EPS $0.87.
- FY2023 guidance: revenue $4.375-4.575B, adjusted EBITDA $365-405M, cash from ops $270-330M.
- Won $2B Giant Mine remediation contract (12-year); booked $270M in Q4; total 11 contract wins >$100M each.
- Federal Solutions Q4 rev $563M (+14%); Critical Infrastructure Q4 rev $540M (+18%) all organic.
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 fiscal year ended December 31, 2022 results: revenue $4.2 billion, net income $97 million, EPS $0.87.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $4.2 billion
- Net income
- $97 million
- EPS
- $0.87
- Result
- reported results
Exact text from the filing
EBITDA of $98 million ▪ Cash flow from operations of $89 million ▪ Book-to-bill ratio of 1.0x in Q4 2022 and for fiscal year 2022 Fiscal Year 2022 Highlights ▪ Record revenue of $4.2 billion, representing total growth of 15% and organic growth of 9% ▪ Net income of $97 million ▪ Record adjusted EBITDA of $353 million ▪ Cash flow from operations of $238 million ▪ Won
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
PARSONS CORP reported the fourth quarter ended December 31, 2022 results: revenue $1.1 billion, net income $28 million, EPS $0.25.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $1.1 billion
- Net income
- $28 million
- EPS
- $0.25
- Result
- reported results
Exact text from the filing
Release Parsons Reports Record Revenue and Adjusted EBITDA Results for the Fourth Quarter and Fiscal Year 2022 Q4 2022 Financial Highlights ▪ Record fourth quarter revenue of $1.1 billion, representing total growth of 16% and organic growth of 9% ▪ Net income of $28 million ▪ Record fourth quarter adjusted EBITDA of $98 million ▪ Cash flow from operations of $89
View on SEC.gov
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