---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-001911"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:19:35.189884+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Parsons reports record Q4 2022 revenue of $1.1B and FY revenue of $4.2B; guides FY2023 revenue $4.375-4.575B

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-23-001911
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2023-02-15T23:59:59+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/275880/000156459023001911/0001564590-23-001911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000156459023001911/psn-8k_20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-001911
- JSON: https://secwatch.observer/filing/0001564590-23-001911.json
- Plain text: https://secwatch.observer/filing/0001564590-23-001911.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/275880/000156459023001911/0001564590-23-001911-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/275880/000156459023001911/0001564590-23-001911-index.htm

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