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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.
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.
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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.
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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.