Icf Intl Inc Stock Price, News & Analysis

ICF Awarded $30 Million Contract by DOD

The U.S. Department of Defense awarded ICF a $30 million recompete contract to support its mental health research agenda. The contract spans 55 months, comprising a seven-month base period and four one-year options. ICF will enhance the Department of Defense’s Psychological Health Center of Excellence by providing expertise in psychological health research, data analytics, and implementation science to improve military mental healthcare.

ICF (NASDAQ:ICFI) has announced a definitive agreement to acquire SemanticBits, enhancing its digital modernization capabilities for U.S. federal health agencies. The $220 million transaction, funded through ICF's credit facility, is expected to generate approximately $135 million in annual revenue for 2022, with $115 million projected as recurring in 2023. This acquisition aims to complement organic growth and support larger projects in federal health IT, driven by SemanticBits' expertise in open-source solutions and strong presence at the Centers for Medicare & Medicaid Services (CMS).

ICF (NASDAQ:ICFI) will participate in the Baird 2022 Global Consumer, Technology & Services Conference on June 7 at 9:40 a.m. ET. CEO John Wasson and CFO Barry Broadus will lead the presentation, which will be accessible via live webcast. The replay will be available for 90 days post-conference. ICF is a global consulting and digital services provider with around 8,000 employees, focusing on solving complex challenges in collaboration with public and private sectors.

ICF (NASDAQ:ICFI) announces a partnership with Google Cloud to enhance digital transformation services for public sector clients. This collaboration aims to provide cloud and analytics solutions, supporting organizations as they advance their digital strategies. The partnership will leverage ICF's expertise and Google Cloud's capabilities to improve operational efficiency and deliver innovative services to federal agencies. With a focus on clients like the National Cancer Institute, ICF aims to facilitate smoother migrations to cloud systems, ultimately enhancing federal service delivery.

ICF (NASDAQ: ICFI) has confirmed its Investor Day will take place on May 25, 2022, in New York, New York. Senior management will present insights on key growth areas, including IT modernization, public health, disaster management, and climate initiatives. Analysts and institutional investors can attend in person or via a live webcast starting at 2:30 p.m. ET. Registration is required. ICF has been a key player since 1969, helping clients navigate challenges with a mix of consulting and digital services.

ICF Awarded Climate Advisory Contracts

ICF, a global consulting firm (NASDAQ: ICFI), announced on May 18, 2022, the acquisition of multiple contracts for climate advisory services from various public sector and commercial clients. The awards, secured in Q1 2022, focus on climate resilience and decarbonization projects. This includes enhancing energy systems against extreme weather and supporting clean energy initiatives. ICF aims to leverage its extensive climate expertise and analytics capabilities to assist clients in navigating climate challenges, building on its long-standing federal government collaborations.

ICF reported strong first quarter 2022 results, with total revenue of $413 million and service revenue of $305 million, both up 9% year-over-year. Diluted EPS was $0.94, including $0.12 in special charges, while non-GAAP EPS increased 16% to $1.31. The adjusted EBITDA rose 12% to $42.3 million, achieving a margin of 13.9%. Contract awards totaled $361 million, contributing to a trailing twelve-month total of $2.0 billion. ICF reaffirmed its 2022 guidance for double-digit revenue growth, anticipating continued expansion across key markets.

ICF (NASDAQ:ICFI) will host an in-person Investor Day on May 25, 2022, at 2:30 p.m. ET in New York. The event aims to highlight the company's key growth markets including IT modernization, public health, disaster management, utility consulting, and climate initiatives. Leadership and subject matter experts will engage in presentations and panels to discuss strategic insights relevant to government and commercial sectors. Interested analysts and institutional investors can contact ICF Investor Relations for attendance details.

The Federal Highway Administration has selected ICF for a five-year blanket purchase agreement valued at $94 million to develop next-generation multimodal transportation systems. ICF will utilize its expertise in traffic engineering, clean transportation, and data analytics to enhance the national transportation system's performance. The company aims to improve safety, reduce emissions, and promote sustainable travel, addressing climate change and environmental concerns. This partnership aims to facilitate economic vitality and community quality of life.