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 (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.
On September 9, 2021, the Puerto Rico Department of Housing awarded ICF a $22 million contract for its City Revitalization Program, aimed at managing nearly $1.3 billion in CDBG-DR funds. This 5-year contract includes a 3-year base term and two 1-year options. ICF will assist in recovering from Hurricanes Irma and María by implementing local recovery projects, including infrastructure improvements and support for community businesses. The company has extensive experience in disaster recovery, having aided over 100 state and local entities in similar efforts.
The State of California's Department of Housing and Community Development (HCD) awarded ICF $14 million in two contracts to assist in distributing CARES Act funds. These contracts, each lasting approximately three years, focus on providing technical assistance for Community Development Block Grant COVID and Emergency Solutions Grants Program COVID funds, targeting vulnerable populations and ensuring compliance with federal regulations. ICF aims to implement equity-centered strategies in partnership with HUD and local communities to maximize funding efficacy.
ICF, a global consulting and digital services provider, will participate in the Canaccord Genuity 41st Annual Growth Conference on August 11, 2021, at 9:00 a.m. Eastern Time. ICF Chairman John Wasson and CFO Bettina Welsh will lead the presentation. A live and archived webcast will be available at investor.icf.com, with replays for 90 days. ICF employs approximately 7,500 staff and specializes in solving complex challenges for public and private sectors since 1969.
ICF reported strong second quarter 2021 results with total revenue of $393 million, representing a 10.9% increase year-over-year. Service revenue rose 7.7% to $281 million, and diluted EPS surged 49% to $1.07. Contract awards reached $398 million, up 41%, with a trailing twelve-month book-to-bill ratio of 1.48. The company anticipates full-year revenue between $1.525 billion and $1.575 billion. ICF's record business development pipeline now totals $7.2 billion, underscoring its long-term growth prospects.
The Government of Puerto Rico awarded ICF (NASDAQ:ICFI) a $13 million contract amendment for expanding the implementation of its Single Family Rehabilitation, Reconstruction & Relocation Program (R3), essential for post-hurricane recovery. This contract will run through summer 2022, allowing ICF to support the rehabilitation of homes damaged by hurricanes Irma and Maria. The program aims to complete 3,000 home constructions this year, enhancing community resilience.
The National Cancer Institute (NCI) awarded ICF a $49 million blanket purchase agreement (BPA) for digital communications strategy and support for behavioral health initiatives over five years. This contract, led by ICF Next, focuses on enhancing NCI's mobile health initiatives, including Smokefree.gov. ICF will utilize its expertise in public health and digital strategies to advance health communications. This agreement underscores ICF's role in public health innovation, particularly amid evolving health behaviors accelerated by the pandemic.
The U.S. Virgin Islands Department of Labor has awarded ICF a $9 million contract for a new workforce development program titled Skills for Today. This two-year initiative aims to train local residents, especially low-to-moderate income individuals, to support recovery from hurricanes Irma and Maria. ICF will provide strategic planning, training in various fields including construction, hospitality, and healthcare, and access to apprenticeships. The program seeks to create sustainable solutions for economic growth and job readiness.
The Social Security Administration (SSA) has awarded ICF a $12 million software automation contract, effective for five years, comprising one base year and four option years. ICF will develop and support software applications aimed at automating SSA's physical security processes using its proprietary GroupAssure compliance automation software. This partnership aligns with SSA's mission to modernize security processes and enhance efficiency in compliance with federal regulations.
ICF (NASDAQ:ICFI) has secured a $10 million call order from the Federal Transit Administration (FTA) for modernizing its Oversight Tracking System (OTrak). This five-year contract, including one base year and four option years, will leverage Appian's low-code automation platform to enhance workflow management and data integration with other FTA systems. This marks ICF's third Appian-related IT modernization agreement with the FTA in 2021.
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