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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 reported third-quarter 2021 revenue of $394 million, a 9% rise from last year, with service revenue at $276 million, up 4%. Diluted EPS increased to $1.07, a 14% increase. The company secured $604 million in new contracts, resulting in a trailing twelve-month contract total of $2.1 billion. The backlog stood at $3.1 billion, with 55% funded. ICF announced the acquisition of ESAC to enhance its public health services. Despite a decline in commercial revenue, strong growth in government revenue (up 16.1%) supports future growth, with revised EPS guidance for 2021 reflecting significant expected growth.
ICF (NASDAQ:ICFI) has acquired ESAC, a specialized provider of advanced health analytics and bioinformatics, enhancing its capabilities in federal health agencies. This acquisition aims to address the increasing complexity of health data and interoperability requirements in the U.S. federal health sector. With a strong cultural alignment, ICF plans to leverage ESAC's expertise in health IT and data standards to capture growth opportunities. The 40-person ESAC team has extensive experience since 2006, supporting research and healthcare quality improvements.
The U.S. Department of Health and Human Services awarded ICF $24 million in technical assistance contracts to enhance programs under the Administration for Children and Families. The agreements include a $15 million contract focused on human trafficking prevention, a $5 million extension for early childhood education support, and a $4 million contract for low-income water assistance programs. ICF has over 30 years of experience aiding ACF programs, aiming to improve the social well-being of children and families nationwide.
The U.S. Department of Justice has awarded ICF a $20 million contract to provide training and technical assistance to the Bureau of Justice Assistance's National Training and Technical Assistance Center (BJA NTTAC). The contract spans five years, consisting of a one-year base and four one-year options. ICF will leverage over 20 years of experience in supporting similar services to enhance the criminal justice system by reducing crime and recidivism. This partnership aims to deliver impactful solutions and support for state, local, and tribal justice agencies.
The CDC has awarded ICF (NASDAQ:ICFI) three contracts totaling $35 million for digital transformation and health services. The largest, worth $15 million, focuses on modernizing HIV clinical surveillance systems over a five-year term. An $11 million contract supports cancer surveillance systems, and a $9 million task order involves tobacco control communications and marketing. ICF's long-standing relationship with the CDC underscores its capabilities in addressing public health challenges.
The CDC has awarded ICF a $31 million contract for a four-year term to enhance the BioSense syndromic surveillance platform. This recompete contract includes a one-year base period and three optional extensions. ICF will collaborate with the CDC to improve national health monitoring capabilities, crucial for responding to public health threats like COVID-19. ICF has supported BioSense since 2014, providing essential operational and technical support for various health crises.
ICF has announced that it will release its third quarter 2021 results on November 2, 2021, after market close. Interested parties can access the results at investor.icf.com. A conference call to discuss these results is scheduled for 4:30 p.m. ET on the same day, with registration available at this link. Investors can dial 1.888.771.4371 to participate, using confirmation number 5023 5759.
The National Cancer Institute (NCI) has awarded ICF a new $150 million indefinite delivery, indefinite quantity (IDIQ) contract for biomedical technical and data management support services. This 5-year contract allows ICF to leverage its expertise in bioinformatics, health research, and health IT to support NCI studies. The company will deliver various services, including analytics, project management, and cloud-native biomedical computing. ICF's track record in public health positions it well to meet NCI's rigorous needs, enhancing cancer research infrastructure.
The San Francisco Bay Area Rapid Transit District (BART) has awarded ICF a $30 million contract for environmental services to enhance its passenger rail network. This project, part of the LINK21 program, aims to improve connectivity in Northern California's Megaregion, promoting efficiency and sustainability. ICF will engage 25 partners, including disadvantaged businesses, for Phase 1 of the project from 2022 to 2024, which involves program development and environmental strategies. An additional multiyear option worth $140 million could extend work into Phase 2, focusing on environmental reviews and permitting.
ICF (NASDAQ:ICFI), a global consulting and digital services provider, announced its participation in the Sidoti Fall 2021 Virtual Small Cap Conference on September 22, 2021, at 9:15 a.m. ET. CEO John Wasson will present at the event, which can be accessed via a live audio webcast. A replay will be available for three months after the conference. ICF, employing around 7,500 people, specializes in combining consulting with digital strategies to help organizations tackle complex challenges. More information can be found at icf.com.
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