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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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.
ICF (NASDAQ:ICFI) has announced the schedule for its second quarter 2021 earnings results, set to be released on August 3, 2021, after market close. A conference call will follow at 4:30 p.m. Eastern Time, where stakeholders can discuss the results. Interested parties can register to listen to the call via the company's investor relations website. The details include a toll-free dial-in number: 1.888.771.4371, with a confirmation code of 5018 6479. An archive of the event will be available for one year.