ICF International Inc

ICFI

Equity

ISIN US44925C1036 / Valor 2562397

NASDAQ (2024-12-24)

USD 117.59-1.10%

ICF International Inc
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About company

ICF International Inc is a consulting and technology services company that specializes in providing services to clients across the U.S. Federal Government through various government contract vehicles. The company offers a wide range of services in areas such as energy, environment, health, and social programs, helping clients achieve their goals efficiently and effectively. With a strong focus on government contracts, ICF International Inc has established itself as a trusted partner in delivering high-quality solutions to its clients in the public sector.

Summarized from source with an LLMView SourceSector: Business Services

Revenue Growth

ICF International Inc. reported a 2% increase in revenue for the first quarter of 2024, reaching $494 million. When adjusted for the divestiture of their commercial marketing business lines in 2023, the revenue growth was 9% year-over-year. This growth was driven by strong performance in the commercial energy sector and solid contributions from government clients.

Net Income and EPS

For the first quarter of 2024, ICF International Inc. achieved a net income of $27 million, with GAAP EPS rising to $1.44, marking a 66% increase. Non-GAAP EPS also saw a significant rise, reaching $1.77, up 25% from the same period in the previous year. This increase in profitability was attributed to a favorable revenue mix, higher utilization, and lower facility costs.

EBITDA Performance

ICF International Inc. reported an EBITDA of $56.4 million for the first quarter of 2024, a 22% increase from the previous year. Adjusted EBITDA also saw an 8% rise, reaching $55.2 million. The improved EBITDA performance was driven by the ramp-up of several newly awarded energy efficiency contracts, which are more profitable during their startup phase.

Contract Awards

In the first quarter of 2024, ICF International Inc. secured $495 million in contract awards, a 21% increase from the same period last year. This contributed to a trailing twelve-month book-to-bill ratio of 1.23. Approximately 70% of the $2.4 billion in contract awards over the last 12 months represented new business, highlighting ICF's strong positioning in growth areas within both government and commercial sectors.

Dividend Declaration

ICF International Inc. declared a quarterly cash dividend of $0.14 per share on May 2, 2024. This dividend is payable on July 12, 2024, to shareholders of record as of June 7, 2024. The declaration of this dividend reflects the company's confidence in its financial stability and ongoing growth prospects.

Summarized from source with an LLMView Source

Key figures

-12.1%1Y

16.3%3Y

26.6%5Y

Performance

28.7%1Y

27.7%3Y

33.5%5Y

Volatility