Welcome to our dedicated page for Icf Intl news (Ticker: ICFI), a resource for investors and traders seeking the latest updates and insights on Icf Intl stock.
ICF International (ICFI) is a global leader in consulting and technology services, delivering integrated solutions for government agencies and commercial enterprises. This page provides real-time access to official press releases, strategic announcements, and expert analyses of the company's operations across digital transformation, environmental initiatives, and public health programs.
Investors and industry professionals will find comprehensive coverage of earnings reports, partnership developments, and regulatory updates. Our curated collection ensures timely access to critical information about ICFI's work in IT modernization, energy efficiency projects, and disaster recovery planning.
Key updates spanning government contracts, sustainability initiatives, and technology deployments are maintained here for efficient tracking. Regular additions include details about service expansions, leadership changes, and recognition of the company's cross-sector expertise.
Bookmark this page to monitor ICF International's evolving role in shaping policy implementation, climate resilience strategies, and health system improvements through data-driven consulting solutions.
ICF has secured a $12 million task order from the CDC to modernize public health laboratory informatics for the Laboratory Response Network (LRN). This five-year contract includes a one-year base and four optional extensions. ICF has supported LRN for nearly a decade, enhancing laboratory data exchange to improve responses to chemical and biological threats. This project aims to ensure timely submission of critical laboratory results, crucial for public health emergency responses.
ICF (NASDAQ:ICFI) has successfully acquired Blanton & Associates, an environmental consulting firm based in Austin, Texas. This strategic acquisition enhances ICF's capabilities to support large infrastructure projects, leveraging Blanton's expertise in environmental regulatory compliance across various sectors, including transportation and renewable energy. With over 75 experienced staff, the acquisition positions ICF favorably to benefit from federal investments under the Bipartisan Infrastructure Law. Blanton has a strong track record, having completed numerous solar and wind projects, which will bolster ICF's offerings in key markets.
ICF has been awarded one of six prime contracts under the EPA's new Environmental, Analytical, Research, Technical, and Hybrid (EARTH) Support Services BPA. This five-year agreement has a total ceiling value of $5.7 billion, with $700 million designated for professional services. ICF will leverage its extensive expertise in climate, energy, and environmental policy to support the EPA's Office of Air and Radiation in achieving climate and air quality goals. The partnership aims to enhance effective management of large federal programs.
ICF Selected for NIH Contract
ICF has been awarded a significant contract by the NIH's National Cancer Institute to provide clinical operations support for cancer epidemiology studies. The contract, valued at $320 million over 10 years, will enhance ICF's role in public health research. Their team, comprising around 150 specialists, will conduct various epidemiologic studies globally. This partnership underscores ICF's expertise in supporting health research initiatives, aligning with its mission to inform cancer prevention efforts.
ICF (NASDAQ:ICFI) will present at the Canaccord Genuity 42nd Annual Growth Conference on August 10 at 1:30 p.m. ET. The presentation will feature John Wasson, Chair and CEO, alongside Anne Choate, Executive VP for Energy, Environment and Infrastructure. A live webcast can be accessed here, with a replay available for 90 days afterward. ICF is a global consulting firm that combines industry expertise with digital capabilities.
ICF reported strong Q2 2022 results with total revenue of $423 million, an increase of 7.8% year-over-year. Service revenue reached $306 million, up 9%. The diluted EPS was $0.97, while non-GAAP EPS was $1.33, reflecting a 12% growth. The company secured $346 million in contracts this quarter, contributing to a trailing twelve-month book-to-bill ratio of 1.21. ICF raised its full-year 2022 guidance post-acquisition of SemanticBits, now forecasting total revenue between $1.760 billion and $1.820 billion.
ICF has been awarded a $33 million recompete contract by the U.S. Department of Health and Human Services' Centers for Medicare & Medicaid Services (CMS) to provide digital modernization services. This contract spans four years, including a one-year base and three one-year options. ICF will leverage its experience with ServiceNow to enhance operational efficiencies and improve user experiences. The company has a solid track record with CMS since 2018, focusing on modernizing agency systems and ensuring a better automated employee experience.
The U.S. Department of Labor has awarded ICF a $14 million contract for a five-year term to provide technical assistance for apprenticeship programs. This contract will support the agency's Apprenticeship Building America initiative and the Regional Apprenticeship Technical Assistance Centers of Excellence. ICF's extensive expertise in workforce development will help prepare individuals for high-paying jobs, aiming to reduce unemployment rates and enhance economic opportunities. ICF's experience in running DOL apprenticeship programs positions it well to leverage these initiatives effectively.
ICF has finalized its acquisition of SemanticBits, a key partner for U.S. federal health agencies, enhancing ICF's digital modernization capabilities. Founded in 2005, SemanticBits specializes in scalable solutions, including cloud development and data analytics, with a team experienced in federal health IT projects. ICF plans to provide updated financial guidance for 2022, reflecting SemanticBits' contributions. This acquisition aligns with ICF’s strategy to expand its offerings in federal health services and digital transformation, signaling potential growth opportunities.
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