Summary of ICF International Conference Call Company Overview - **Company Name**: ICF International - **Ticker**: ICFI - **Business Focus**: Global solutions and technology provider, primarily in consulting and advisory services, with a strong emphasis on energy, environment, and infrastructure [6][7] Key Financial Metrics - **Revenue CAGR**: 6.4% over the past five years - **Non-GAAP EPS CAGR**: 12.4% over the past five years [7] Business Segments and Growth Expectations - **Non-Federal Government Business**: Expected to grow by approximately 15% [9] - **Client Portfolio**: About half of revenues come from commercial clients, including energy utilities and state/local governments [8] Energy Sector Insights - **Energy Efficiency Programs**: Evolving to include nontraditional programs such as electrification and flexible load management [12] - **Renewable Energy Demand**: Anticipated faster growth in energy demand in the U.S. over the next 10-30 years, driven by peak hour demand and the need for renewable energy [14] - **Impact of IRA and Tax Incentives**: Uncertainty around tax incentives is affecting project timelines, but many renewable projects are still moving forward [15][16] Disaster Recovery and Management - **Growth Area**: Disaster management is expected to see more RFPs due to federal funding allocations [21][22] - **Federal to State Transition**: The federal government is shifting disaster recovery responsibilities to states, which could create more opportunities for ICF [23][25] Federal Government Work - **Revenue Losses**: Approximately $115 million in revenue lost due to contract terminations, primarily from USAID [29] - **Contract Modifications**: Some previously discontinued contracts are being reinstated, indicating a potential recovery in federal work [34][35] IT Modernization and Digital Transformation - **Focus Area**: About half of federal work involves IT modernization and digital transformation, with a projected decline in revenues due to procurement slowdowns [42][45] - **Contract Structure**: Majority of contracts are firm fixed price, aligning with the current administration's preferences [44][49] Health and Human Services - **Campaign Alignment**: The "Make America Healthy Again" campaign aligns well with ICF's expertise in health services [54] - **CMS Budget Stability**: Initial indications suggest that the budget for CMS will remain intact, providing a stable revenue source [57] Adjusted EBITDA Margins - **Margin Stability**: Expected to remain similar to the previous year despite uncertainties, with actions taken to align cost structure with revenue production [63][66] - **Contract Mix**: Shift towards more profitable commercial work is expected to enhance margins [66] Conclusion - ICF International is well-positioned to capitalize on growth opportunities in energy efficiency, disaster recovery, and health services, while navigating challenges in federal contracts and IT modernization. The company's diversified portfolio and strong client relationships are key strengths in a changing market environment [41][68]

ICF International, Inc. (ICFI) reported impressive first-quarter 2025 results, with earnings surpassing the Zacks Consensus Estimate but revenues missing the same.The earnings beat failed to impress the market, as the stock did not move much since the earnings release on May 1.Quarterly earnings per share of $1.94 beat the Zacks Consensus Estimate by 11.5% and gained 9.6% from the year-ago reported figure. Total revenues of $487.7 million marginally missed the Zacks Consensus Estimate and decreased 1.4% yea ...

Core Insights - ICF International reported a revenue of $487.62 million for the quarter ended March 2025, reflecting a decrease of 1.4% year-over-year, while EPS increased to $1.94 from $1.77 in the previous year [1] - The revenue was slightly below the Zacks Consensus Estimate of $487.7 million, resulting in a surprise of -0.02%, whereas the EPS exceeded the consensus estimate of $1.74 by +11.49% [1] Revenue Breakdown - Revenue from the US Federal government was $239.62 million, surpassing the average estimate of $236.82 million from two analysts [4] - Revenue from US State & Local government was $76.87 million, falling short of the average estimate of $86.85 million from two analysts [4] - Commercial revenue reached $144.06 million, exceeding the average estimate of $132.40 million from two analysts [4] - Total revenue from the Government sector was $343.56 million, slightly below the average estimate of $351.86 million from two analysts [4] - International government revenue was $27.08 million, also below the average estimate of $28.19 million from two analysts [4] Stock Performance - ICF shares have returned +1.5% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-33045 ICF International, Inc. (Exact name of Registrant as Specified in its Charter) Delaware 22-3661438 (State or Other Jurisd ...

Company Performance - ICF International (ICFI) reported quarterly earnings of $1.94 per share, exceeding the Zacks Consensus Estimate of $1.74 per share, and up from $1.77 per share a year ago, representing an earnings surprise of 11.49% [1] - The company posted revenues of $487.62 million for the quarter ended March 2025, slightly missing the Zacks Consensus Estimate by 0.02%, and down from $494.44 million year-over-year [2] - Over the last four quarters, ICF has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Outlook - ICF shares have declined approximately 28.7% since the beginning of the year, compared to a 5.3% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.63 on revenues of $481.39 million, and for the current fiscal year, it is $6.97 on revenues of $1.93 billion [7] - The estimate revisions trend for ICF is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Government Services industry, to which ICF belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact ICF's stock performance [5]

ICF International (ICFI) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Company Participants Lynn Morgen - PartnerJohn Wasson - Chairman, President & CEOBarry Broadus - Senior VP & CFOTim Mulrooney - Group Head–Global ServicesJoseph Vafi - Managing Director, Equity ResearchTobey Sommer - Managing DirectorKevin Steinke - Managing Director Conference Call Participants Marc Riddick - Business Services Analyst Operator Welcome to the First Quarter twenty twenty five ICF Earnings Conference Call. My name is Cori ...

ICF International (ICFI) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Company Participants Lynn Morgen - PartnerJohn Wasson - Chairman, President & CEOBarry Broadus - Senior VP & CFOTim Mulrooney - Group Head–Global ServicesJoseph Vafi - Managing Director, Equity ResearchTobey Sommer - Managing DirectorKevin Steinke - Managing Director Conference Call Participants Marc Riddick - Business Services Analyst Operator Welcome to the First Quarter twenty twenty five ICF Earnings Conference Call. My name is Cori ...

ICF International (ICFI) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Speaker0 Welcome to the First Quarter twenty twenty five ICF Earnings Conference Call. My name is Corinne, and I will be your operator for today's call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raise ...

Financial Performance - Total revenue for Q1 2025 was $487.6 million, a decrease from $494.4 million in Q1 2024[8] - Net income was $26.9 million, with GAAP EPS at $1.44, consistent with the prior year[8] - Adjusted EBITDA was $55.2 million, with an adjusted EBITDA margin of 11.3%, up 10 basis points from Q1 2024[9] - Net income for the three months ended March 31, 2025, was $26,851,000, a slight decrease from $27,317,000 in the same period of 2024[35] - Adjusted EBITDA for the same period was $55,198,000, compared to $55,155,000 in 2024, reflecting a stable performance[35] - The net income margin on revenue remained consistent at 5.5% for both 2025 and 2024[35] - Non-GAAP diluted EPS improved to $1.94 for the three months ended March 31, 2025, compared to $1.77 in 2024[35] Revenue Breakdown - Revenue from commercial energy clients increased by 21% year-on-year, representing 87% of commercial revenues[5] - Federal government revenue decreased by 12.6% to $239.6 million, accounting for 49.1% of total revenue[13] - Commercial revenue accounted for 29.5% of total revenue, up from 23.9% in Q1 2024[19] - Revenue from the energy, environment, infrastructure, and disaster recovery sector increased to 49% of total revenue, up from 45% in 2024[42] - The percentage of revenue from U.S. federal government clients decreased to 49% from 55% year-over-year[42] Backlog and Contracts - Total backlog at the end of Q1 2025 was $3.4 billion, with funded backlog at $1.9 billion[10] - Contract awards in Q1 2025 totaled $467 million, resulting in a book-to-bill ratio of 0.96[7] Guidance and Dividends - The company maintains its 2025 guidance, projecting total revenues and EPS to range from flat to down 10% from last year[23] - A quarterly cash dividend of $0.14 per share was declared, payable on July 11, 2025[21] Assets and Liquidity - Total assets increased to $2,075,098,000 as of March 31, 2025, up from $2,066,353,000 at the end of 2024[38] - Cash and cash equivalents rose to $5,718,000 from $4,960,000, indicating improved liquidity[38] - The company reported a net cash used in operating activities of $33,034,000 for the three months ended March 31, 2025, compared to $10,001,000 in 2024[40] Debt and Leverage - Long-term debt increased to $502,044,000 from $411,743,000, indicating a rise in leverage[38]

| Date: | Thursday, May 1, 2025 | | --- | --- | | Time: | 4:30 p.m. Eastern Time | | Audio-only Webcast: | https://edge.media-server.com/mmc/p/w57qgdwz | | Participant | https://register-conf.media | | Registration: | server.com/register/BI9504088ad3834e789bb0473b16ef5d9b | RESTON, Va., March 31, 2025 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and technology services provider, will release its first quarter 2025 results on Thursday, May 1, 2025, after the market close. The Company plans to host ...