Icf Intl Inc Stock Price, News & Analysis

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.

ICF (NASDAQ:ICFI) will release its first quarter 2022 results on May 4, 2022, after market close. Investors can access the results via the company's investor portal. A conference call will follow at 4:30 PM Eastern Time, with dial-in details provided. The event will also be available as an audio webcast for those who register in advance. ICF emphasizes its position as a leading global consulting and digital services provider, catering to both public and private sectors since 1969.

ICF (NASDAQ:ICFI) will participate in the Sidoti Spring 2022 Virtual Small Cap Conference, with Chairman and CEO John Wasson presenting on March 24 at 10:00 a.m. Eastern Time. A live audio webcast of the presentation will be accessible online, and a replay will be available for three months. ICF specializes in consulting and digital services, employing around 8,000 staff. The company combines industry expertise with innovative strategies to help clients tackle complex challenges.

ICF reported strong fourth quarter and full year 2021 results, with total revenue of $388 million in Q4 and $1.55 billion for the year. Service revenue increased 4.3% to $273 million in Q4 and 6.4% to $1.11 billion for the full year. Diluted EPS was $0.63 in Q4 and $3.72 for the year. The company also saw record contract awards of $652 million in Q4, achieving a book-to-bill ratio of 1.68. Looking ahead, ICF anticipates double-digit service revenue growth in 2022, supported by the acquisition of Creative Systems and significant demand in government and energy markets.

ICF (NASDAQ:ICFI) has been recognized as the 2022 ServiceNow Americas U.S. Federal Partner of the Year for its robust partnership in delivering digital solutions to the U.S. government. The award highlights ICF's success with over 250 deployments on the Now Platform in 2021, showcasing its ability to improve clients' business outcomes significantly. The company boasts over 500 ServiceNow-certified consultants and manages over 50 ongoing projects for key U.S. federal agencies. This honor reflects ICF's consistent commitment to customer satisfaction and innovation in the federal digital services sector.