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AI brief of an SEC Form 8-K · Parsons (PSN)

Parsons raises 2024 guidance after Q2 revenue rises 23% to $1.7 billion

Positive Impact 4 of 5 guidance Written later

Parsons reported second-quarter 2024 revenue of $1.7 billion, up 23% from a year earlier, and net income attributable to Parsons of $69 million, up 60%. The company raised its fiscal 2024 revenue, adjusted EBITDA and operating cash flow guidance ranges, and said it has agreed to acquire BlackSignal Technologies for approximately $200 million.

Key points

  • Q2 2024 revenue $1.7 billion, up 23%; organic growth 22%
  • Q2 diluted EPS $0.63 vs. $0.38 a year earlier; adjusted EBITDA $150 million, up 27%
  • FY2024 revenue guidance raised to $6.35 billion-$6.55 billion from $6.1 billion-$6.4 billion
  • Six-month net loss attributable to Parsons of $38.2 million, including a $211 million loss on extinguishment of debt

The filing

CompanyParsons (PSN)
Form8-K, current report
Filed with the SECJul 31, 2024, 6:30 AM ET
Accession number0000950170-24-088218

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.