secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001564590-23-001911
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000156459023001911/0001564590-23-001911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000156459023001911/psn-8k_20230215.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-001911

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer