Icf Intl Inc Stock Price, News & Analysis

ICF (NASDAQ:ICFI) has secured three new three-year and one two-year cooperative agreements from the U.S. Department of Housing and Urban Development (HUD), valued in the multimillion-dollar range. These agreements aim to aid state and local municipalities in their COVID-19 response, facilitate stable housing for individuals in recovery, and provide expertise in Community Development Block Grant-Disaster Recovery (CDBG-DR). The contracts, awarded under the CARES Act, will enhance community efforts in managing COVID-19 and supporting recovery housing initiatives.

ICF (NASDAQ: ICFI) was awarded one new and four re-compete contracts valued at over $100 million by the U.S. Department of Health and Human Services for Head Start programs across 18 states and the District of Columbia. The contracts have a term of five years, including an 11-month base period and four 12-month options. ICF will provide training and technical assistance to enhance services for low-income families and improve school readiness for children under 5. ICF has been involved with Head Start for over 15 years, supporting programs across 37 states and 175 tribes.

On September 9, 2020, ICF (NASDAQ: ICFI) announced key leadership changes to enhance its growth strategy. Kris Tremaine has been appointed as the group lead and senior managing partner for ICF Next, bringing over 13 years of experience within the company, including her role in launching ICF Next. Caryn McGarry was promoted to senior vice president and chief human resources officer, focusing on talent acquisition and HR operations. These changes are expected to strengthen ICF's operational efficiency and market positioning.

ICF (NASDAQ: ICFI) has appointed Marilyn Crouther to its board of directors, enhancing its leadership with a veteran from Hewlett Packard Enterprise and DXC Technology. Crouther's extensive experience includes managing a $3 billion U.S. Public Sector business, focusing on IT modernization and digital transformation. Her appointment is expected to strengthen ICF's strategic initiatives in technology service delivery. Crouther has been recognized among the Top Women in Technology and brings over 30 years of leadership in the technology sector.

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ICF, a global consulting and digital services provider, will participate in the Canaccord Genuity 40th Annual Growth Conference on August 12 at 8:30 a.m. ET. John Wasson, President and CEO, along with Bettina Welsh, CFO, will lead the presentation. ICF employs over 7,000 staff and specializes in combining industry expertise with innovative solutions to address complex challenges across sectors. The company has worked with public and private clients since 1969. For more information, visit icf.com.

ICF reported a 3.5% decline in total revenue to $354 million in Q2 2020, impacted by lower pass-through revenues. However, service revenue increased by 3.5% driven by federal government and commercial energy clients. Diluted EPS was $0.72, while non-GAAP EPS was $0.89. EBITDA rose by 3.7% to $31.3 million, and the company reaffirmed full-year guidance, projecting revenue of $1.450 to $1.510 billion. The business development pipeline exceeds $7 billion, with contract awards totaling $282 million.

ICF (NASDAQ: ICFI) has secured a new task order from the CDC, valued at $9 million over five years. This contract, awarded under the Alliant 2 Governmentwide Acquisition Contract, involves providing emerging technology and design acceleration support. ICF will collaborate with the CDC's Office of the Chief Information Officer to develop frameworks for evaluating and implementing modern technologies. This initiative aims to improve public health outcomes through rapid prototyping and research, building on ICF's experience with over 100 rapid prototypes in the past two years.

ICF (NASDAQ: ICFI) was awarded 18 significant advertising accolades for its marketing initiatives aimed at utility clients, including eight DC American Advertising Awards (ADDYs) and 10 Tellys. The 'Fairy Tale' campaign, developed for Baltimore Gas and Electric, achieved remarkable success with a 100% increase in web traffic and participation in energy-saving programs. ICF Next, the firm's marketing division, also received recognition for augmented reality ads and campaigns for Con Edison. ICF is recognized as a leader in the energy consulting sector, showcasing its creative engagement capabilities.