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ICF International, Inc. - ICFI STOCK NEWS

Welcome to our dedicated page for ICF International news (Ticker: ICFI), a resource for investors and traders seeking the latest updates and insights on ICF International stock.

ICF International, Inc. (NASDAQ: ICFI) is a prominent global consulting and technology services provider with a workforce of over 9,000 employees specializing in an array of fields including business analysis, policy development, technology, digital strategy, social science, and creative solutions. Established in 1969, ICF has a broad portfolio of clients primarily comprising United States federal government departments and agencies, as well as commercial clients.

ICF's core services span across four primary markets: Energy, Environment, Infrastructure and Disaster Recovery; Health and Social Programs; Security; and Other Civilian & Commercial. Their expertise encompasses professional services and technology-based solutions such as management consulting, marketing, technology implementation, and policy consulting.

One of ICF's notable achievements includes a recent collaboration with the U.S. Department of Health and Human Services (HHS) to advance the cloud migration and digital modernization of the Centers for Medicare & Medicaid Services (CMS) systems. These projects, valued at $50 million, aim to improve healthcare services for Medicare and Medicaid beneficiaries across the nation.

Additionally, ICF has been instrumental in implementing energy efficiency programs for utility companies like Baltimore Gas and Electric (BGE) and Entergy Arkansas, leveraging their proprietary utility technology platform to monitor and optimize program performance. Their collaboration with the California State Lottery further exemplifies their ability to enhance digital infrastructure, ensuring websites are user-friendly and compliant with the Americans with Disabilities Act.

ICF's digital modernization services are bolstered by partnerships with more than 30 platform partners, including being an Amazon Web Services (AWS) Advanced Tier Services Partner. This positions ICF to provide comprehensive cloud capabilities, artificial intelligence (AI), machine learning (ML), and data sharing solutions. In the realm of global health, ICF has been a pivotal partner for the U.S. Agency for International Development (USAID), delivering the Demographic and Health Surveys (DHS) Program for over 40 years, providing critical data for health, population, and nutrition programs worldwide.

ICF's dedication to utilizing science and technology has also been recognized by their work with the U.S. Environmental Protection Agency (EPA) under a $75 million contract to assess chemical hazards and environmental stressors. Their advanced data modeling and analysis tools like Litstream® aid in producing broad-based, scientifically defensible analyses.

Financially, ICF has demonstrated robust performance with a 2% year-over-year revenue increase in the first quarter of 2024, adjusting for the divestiture of its commercial marketing business lines. Their backlog of $3.6 billion and a 1.2 book-to-bill ratio underscore their strong positioning and growth prospects.

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FEMA has awarded ICF (NASDAQ:ICFI) a new $17 million data modernization contract to build a cloud-based data exchange platform, FEMADex. This three-year contract aims to improve the efficiency and cost-effectiveness of disaster response and recovery efforts. ICF will leverage its disaster management expertise along with advanced technologies like cloud computing, generative AI, DevSecOps, and advanced analytics to implement the platform.

The FEMADex platform will enhance FEMA's data sharing and analytics capabilities, allowing leaders to access, analyze, and visualize data from multiple sources. This will facilitate data-driven decision-making and collaboration across the emergency management community. ICF will deliver a modernized Azure Databricks-based solution for FEMADex implementation.

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ICF (NASDAQ:ICFI) has been awarded an $88 million subcontract to modernize and execute the Centers for Medicare and Medicaid Services (CMS) Quality Payment Program (QPP). The contract spans nearly five years and aims to enhance QPP's functionality, improve customer experience, and reduce administrative burdens on clinicians.

As a leader in data modernization solutions, ICF has managed over 5,000 cloud instances for more than 100 enterprise cloud projects across U.S. federal agencies. The company combines domain expertise with advanced technologies to help federal agencies design efficient technology solutions. ICF's team includes 2,000 technologists and 4,000 industry experts in various fields, working with an ecosystem of over 30 platform partners.

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ICF (NASDAQ:ICFI) has been awarded a new agreement to support the launch and implementation of Commonwealth Edison's (ComEd) beneficial electrification (BE) programs in Illinois. The program is part of ComEd's $231 million investment to promote equitable access to electric vehicles (EV), reduce EV adoption costs, and accelerate the build-out of an EV charging network. ICF, in partnership with Walker-Miller Energy Services and Center for Sustainable Energy, will design and implement EV rebate programs and support fleet electrification.

This contract builds on ICF's 17+ year partnership with ComEd in designing and delivering energy efficiency programs. ICF's expertise in electrification and energy efficiency, combined with its extensive experience working with utilities and government agencies, positions the company as a key player in advancing the transition to clean energy and helping Illinois reach its goal of 1 million EVs on roads by 2030.

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ICF (NASDAQ: ICFI), a global consulting and technology services provider, announced it will release its second quarter 2024 financial results on Thursday, August 1, 2024, after the market close. A webcast call to discuss the results will be held at 4:30 p.m. Eastern Time on the same day. Analysts and institutional investors can register to participate actively, while general listeners can access the live webcast through a provided link. A replay will be available for one year. The earnings results will be posted on ICF's investor relations website before the call.

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ICF, a global consulting and technology services provider traded on NASDAQ under the symbol ICFI, announced its participation at the Baird 2024 Global Consumer, Technology & Services Conference. The event will take place at the InterContinental New York Barclay Hotel in New York City. ICF's Chief Financial Officer Barry Broadus and Senior VP for Utility Programs and Services Kyle Wiggins will represent the company in a hybrid fireside chat scheduled for 8:30 a.m. Eastern Time on Wednesday, June 5.

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ICF (NASDAQ: ICFI), a global consulting and technology services provider, announced its participation in the William Blair 44th Annual Growth Stock Conference. The event is scheduled at the Loews Chicago Hotel, Chicago, Illinois. CEO John Wasson and EVP Anne Choate will present on June 5 at 1:40 p.m. ET. A live webcast will be available at https://wsw.com/webcast/blair97/icfi/1909950, with a replay accessible for 90 days post-conference.

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ICF has been awarded a $75 million contract by the U.S. Environmental Protection Agency (EPA) to conduct human health and environmental risk assessments. This single-award, indefinite-delivery, indefinite-quantity (IDIQ) contract has a term of seven years and was awarded by EPA's Office of Research and Development in the first quarter of 2024.

ICF will leverage its expertise in health and environmental sciences, as well as its proprietary machine-learning software, Litstream®, to analyze chemical hazards and environmental stressors. The company will also develop new methods and models for future health analyses.

ICF has supported EPA's risk assessment programs for over 30 years and has evaluated over 2,200 chemicals since 2011. The company was previously awarded $33 million in task orders in the second half of 2023 for additional chemical risk assessment work.

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Forbes has ranked global consulting and technology services provider ICF (NASDAQ: ICFI) as one of America's Best Employers for Diversity for the fourth consecutive year. The recognition highlights ICF's commitment to fostering a diverse and inclusive workplace. CEO John Wasson emphasized the importance of diversity in identity and perspectives, which contributes to the company's strength. The rankings, developed in collaboration with Statista, surveyed over 170,000 U.S.-based employees from various sectors, focusing on diversity criteria like age, gender, ethnicity, disability, and sexual orientation. The evaluation also considered diversity-related practices such as employee resource groups and the presence of women in leadership roles. Additionally, ICF was included in Forbes' America's Best Management Consulting Firms list for the ninth year in a row. ICF leverages its expertise in diverse industries to solve complex challenges and implement transformative projects.

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ICF has been awarded a $236 million contract by USAID to continue delivering their Demographic and Health Surveys Program, known as the 'gold standard' of health surveys. The contract aims to improve health outcomes by providing critical data for population, health, and nutrition programs worldwide. ICF's approach includes strengthening countries' capacity to collect and analyze data, incorporating technology and AI for efficiency, and focusing on vulnerable populations. The company's work spans various global health and development initiatives.

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ICF (NASDAQ: ICFI) reported record first quarter results for 2024, with revenues up 2% to $494 million, net income of $27 million, and GAAP EPS of $1.44. Non-GAAP EPS increased to $1.77, and contract awards were $495 million, up 21% year-on-year. The company reaffirmed full-year guidance and expects organic revenue growth of 5.2% to 8.5% for 2024.

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FAQ

What services does ICF International provide?

ICF International offers consulting and technology-based solutions including management consulting, marketing, technology implementation, and policy consulting.

Who are ICF International’s primary clients?

ICF's primary clients are U.S federal government departments and agencies, as well as commercial clients.

What markets does ICF International serve?

ICF serves in four key markets: Energy, Environment, Infrastructure and Disaster Recovery; Health and Social Programs; Security; and Other Civilian & Commercial.

What recent projects has ICF International undertaken?

ICF recently worked with the HHS on cloud migration and digital modernization of CMS systems and implemented energy efficiency programs for BGE and Entergy Arkansas.

How does ICF International support global health initiatives?

ICF delivers the Demographic and Health Surveys (DHS) Program for USAID, providing critical data for health, population, and nutrition programs worldwide.

What technology partnerships does ICF International have?

ICF is an Amazon Web Services (AWS) Advanced Tier Services Partner and collaborates with over 30 platform partners to deliver comprehensive cloud and data solutions.

How does ICF International contribute to environmental protection?

ICF works with the EPA to assess chemical hazards and environmental stressors using advanced data modeling and analysis tools like Litstream®.

What is ICF International's financial outlook?

ICF reported a 2% year-over-year revenue increase in Q1 2024, with a backlog of $3.6 billion and a book-to-bill ratio of 1.2, indicating strong growth prospects.

How does ICF International enhance digital infrastructure for clients?

ICF enhances digital infrastructure through services like website design, cloud solutions, and ensuring compliance with regulations such as the Americans with Disabilities Act.

What distinguishes ICF International from other consulting firms?

ICF combines deep domain expertise with cutting-edge technology and a collaborative approach among business analysts, policy specialists, digital strategists, and data scientists to solve complex challenges.

ICF International, Inc.

Nasdaq:ICFI

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2.72B
18.74M
1.39%
97.23%
0.79%
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