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, Inc. reports news on its work as a global solutions and technology provider for government and commercial clients. The company’s updates commonly cover quarterly results, contract awards, backlog and business-development commentary, and demand across energy, environment, infrastructure, disaster recovery, health, social programs, security, civilian and commercial markets.
Recurring developments include federal and state contract vehicles, utility energy-efficiency programs, digital modernization work, cybersecurity qualifications such as CMMC Level 2, and the use of analytics, cloud-native design, DevSecOps, automation, engagement services and program implementation capabilities. News also includes leadership changes within client markets and capital actions such as share repurchases when announced.
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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.
Public Service Company of Oklahoma (PSO) awarded a multimillion-dollar contract to ICF (NASDAQ: ICFI) to manage energy efficiency programs. As the primary implementer, ICF will oversee commercial and residential portfolios, providing services like program design, management, customer care, and database tracking. ICF aims to enhance efficiency and support PSO in delivering reliable energy. With over three decades of experience, ICF is well-positioned to meet evolving energy needs, including innovative solutions for the oil, gas, and agriculture sectors.
On February 9, 2022, Entergy Mississippi awarded a $20 million contract extension to ICF (NASDAQ:ICFI) for expanding its energy efficiency services. This extension allows ICF to enhance both residential and commercial energy efficiency programs, providing marketing, customer support, and data analytics. ICF has collaborated with Entergy Mississippi for over eight years, focusing on innovative solutions to decrease energy costs for customers. ICF's extensive experience in energy management positions it well to support this initiative.
Con Edison of New York has awarded ICF a recompete contract valued at over $30 million to manage and expand its residential energy efficiency portfolio. This contract will enable ICF to provide a comprehensive range of services, including program delivery, engineering, and customer support, extending coverage to additional subsidiary customers in New York and New Jersey. The partnership has been ongoing for over 15 years, focusing on innovative energy efficiency programs aimed at optimizing portfolio efficiency and meeting state decarbonization goals.
ICF (NASDAQ:ICFI) has announced the appointment of Barry Broadus as its new chief financial officer (CFO), effective February 28, 2022. He succeeds Bettina Garcia Welsh, who is leaving the company but will assist in the transition until early April 2022. Broadus brings over 30 years of financial management experience, previously serving as CFO at various tech firms, including Dovel Technologies. CEO John Wasson highlighted Broadus's expertise and potential to drive growth at ICF.
ICF (NASDAQ:ICFI) has announced the release date for its fourth quarter and full year 2021 financial results, set for February 24, 2022, after market close. The results will be accessible via the ICF investor website. A conference call to discuss the outcomes will follow on the same day at 4:30 p.m. ET, with the opportunity to participate via dial-in or audio webcast. Investors can register for the call and find archived materials post-event on the investor site.
ICF (NASDAQ:ICFI) has successfully acquired Creative Systems and Consulting, enhancing its capabilities in IT modernization and digital transformation for US federal agencies. This acquisition adds a skilled team of 270 experts proficient in Salesforce, Microsoft, and ServiceNow, complementing ICF's existing services. ICF is recognized as a leading ServiceNow implementor and was named Federal Partner of the Year in 2019. The firm aims to leverage this acquisition to strengthen its digital services portfolio, building on its previous successful M&A transactions.
On January 3, 2022, ICF (NASDAQ: ICFI) announced the completion of its acquisition of Creative Systems and Consulting, a provider of IT modernization solutions for U.S. federal agencies. This acquisition enhances ICF's digital transformation service offerings and leverages Creative's expertise in cloud solutions, data analytics, and customer experience, particularly within Salesforce and ServiceNow platforms. The integration aims to strengthen ICF's position in the federal market, benefiting from Creative's skilled 270-person team.