Icf Intl Inc Stock Price, News & Analysis

On April 13, 2023, ICF (NASDAQ:ICFI) secured an $18 million contract from the Los Angeles County Metropolitan Transportation Authority to provide environmental compliance services. This recompete contract spans five years, including three base years and two optional years. ICF will leverage its expertise in environmental assessment and advanced technology to ensure that Metro's transportation projects meet local, state, and federal regulations. The initiative aims to enhance the mobility landscape in Los Angeles County. In support of diversity, ICF has partnered with over 20 local disadvantaged business enterprises. This partnership continues ICF's 13-year collaboration with Metro, reinforcing its commitment to addressing environmental and equity concerns effectively.

ICF (NASDAQ:ICFI) announced it will release its first quarter 2023 results on May 9, 2023, after market close. A webcast to discuss the results will take place at 4:30 p.m. Eastern time on the same day. Interested analysts and investors can register online for participation, while general listeners can access the live webcast through the provided link. Earnings results will be available prior to the call on the company's investor relations page. This announcement comes as ICF continues to operate in a challenging environment, highlighting its ongoing engagement with public and private sector clients since 1969.

ICF (NASDAQ: ICFI), a leading global consulting and technology services provider, will participate in the Sidoti Small-Cap Conference. Chief Operating Officer James Morgan is set to host a fireside chat at 11:30 a.m. Eastern Time on Wednesday, March 22, 2023. A live audio webcast of the chat will be accessible through the provided link, with a replay available for three months following the event. ICF specializes in combining industry expertise with technological capabilities to support organizations in addressing complex challenges.

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ICF reported impressive fourth quarter and full year results for 2022, with total revenue of $476 million in Q4, a 22.6% increase from $388 million in Q4 2021. Service revenue reached $339 million, up 24%. Full year revenue totaled $1.78 billion, up 14.6% year-over-year. Net income for Q4 was $8.9 million, and non-GAAP EPS rose 31% to $1.56. The company achieved record contract awards of $2.3 billion, with a book-to-bill ratio of 1.32. Looking ahead, ICF anticipates double-digit revenue growth in 2023, with GAAP EPS projected between $4.75 and $5.05.

ICF has been awarded an indefinite delivery, indefinite quantity (IDIQ) contract by the U.S. EPA Office of Water, valued at $31 million over five years. This recompete contract will enhance ICF's capacity to assess health risks associated with water contaminants in U.S. drinking and recreational waters. Combining its environmental health expertise with advanced data analytics and machine learning technologies, ICF aims to facilitate better understanding and decision-making around water quality. ICF has been collaborating with the EPA for nearly 30 years to improve public health and environmental safety.

The New York State Department of Transportation (NYSDOT) has awarded ICF a $29 million contract to develop an equitable transportation mobility services program over five years, with a potential one-year extension. The initiative aims to enhance existing traveler assistance programs like 511NY Rideshare by incorporating traditional and emerging mobility options, including carpooling and e-scooter sharing. This project aligns with NYSDOT's climate and mobility goals, leveraging ICF’s extensive expertise in research and data analytics to minimize air quality impacts and improve transportation efficiency. ICF looks forward to continuing its long-standing partnership with NYSDOT.

ICF (NASDAQ: ICFI) has appointed John Auerbach as a senior executive and strategic adviser for its U.S. federal health business. Auerbach previously directed intergovernmental and strategic affairs at the CDC, where he led engagement with various health agencies. His role at ICF will focus on guiding growth in federal health markets and offering insights into challenges faced by federal health agencies. Auerbach emphasizes the urgent need for accurate data to address public health challenges. ICF aims to leverage his experience to enhance its health consulting capabilities, reflecting its commitment to improving health outcomes.