Icf Intl Inc Stock Price, News & Analysis

ICF (NASDAQ:ICFI) has secured two agreements worth an estimated $16 million to provide IT and cybersecurity workforce development services through the U.S. Department of Labor's H-1B One Workforce Grant Program. The first is a four-year grant of $8.6 million aimed at training workers for high-skilled IT positions in Virginia. The second, a $7 million subcontract, focuses on creating employment opportunities for veterans in Fort Gordon, Georgia. These contracts aim to strengthen the workforce in critical sectors.

The Maryland Department of Human Services has awarded ICF (NASDAQ: ICFI) an $11 million contract extension for two years to enhance customer support services for critical programs aiding vulnerable Maryland residents. ICF will employ advanced technologies like intelligent interactive voice response to handle increased demand, particularly due to the COVID-19 pandemic, which saw application surges of up to 500%. This contract continues ICF's partnership with MD DHS, reinforcing its role in providing essential services.

ICF (NASDAQ:ICFI) has launched CO₂Sight, a strategic planning and analytics platform aimed at assisting utilities and government agencies in decarbonization efforts. This innovative platform integrates ICF's 40 years of energy sector experience with predictive modeling and data visualization tools to help organizations develop actionable strategies for meeting their carbon emission commitments. The dashboard offers insights into various factors like costs, air quality, and greenhouse gas emissions, thereby enabling decision-makers to make informed investments and policy decisions.

ICF, a global consulting and digital services provider, is set to release its first quarter 2021 results on May 4, 2021, after market closure. The results will be accessible via its investor relations website. An audio webcast will accompany the release, with a conference call scheduled at 4:30 p.m. Eastern Time. Interested participants can register in advance and dial in using the provided number. ICF emphasizes its diverse expertise, blending business analysis with digital strategy to address complex challenges for various clients.

ICF (NASDAQ:ICFI), a global consulting and digital services provider, will participate in the Sidoti Spring 2021 Virtual Conference. The presentation, led by John Wasson, President and CEO, is scheduled for 8:30 a.m. Eastern Time on March 24, 2021. A live audio webcast of the presentation will be accessible, with a replay available for one year post-conference. ICF aims to help clients navigate complex challenges through a combination of industry expertise and innovative engagement strategies.

The U.S. Environmental Protection Agency has awarded ICF a new five-year contract worth up to $30 million. This IDIQ contract enhances environmental support by expanding services to Region 5 with an additional $5 million from a prior agreement. ICF will provide technical, analytical, and quality assurance services for EPA programs, including Superfund and waste management. The company's consistent delivery of reliable data and analyses is expected to help the EPA achieve its environmental protection goals.

The U.S. Army Combat Capabilities Development Command has awarded ICF a task order valued at $53 million to enhance cyber research and technology services over five years. This contract expands a previous initiative by $30 million and aims to bolster capabilities in artificial intelligence, machine learning, quantum computing, and cybersecurity. Jonathan Sholtis from ICF stated that this work will help the Army tackle emerging threats effectively. ICF's reputation as a key provider for federal services reinforces its standing in the defense sector.

ICF reported fourth quarter 2020 total revenue of $434 million, up 9.5% year-over-year, with service revenue at $262 million, a 4.1% increase. Diluted EPS was $0.67, reflecting $0.51 in one-time charges. Full year revenue reached $1.51 billion, with a 4.1% service revenue growth to $1.04 billion. Notably, ICF achieved record contract awards of $2 billion for the year. The company's adjusted EBITDA margin on service revenue rose to 13.7%. Looking ahead, ICF expects 2021 service revenue between $1.095 billion and $1.13 billion, reflecting projected growth in IT modernization and public health sectors.