ICF International(ICFI)
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ICF International(ICFI) - 2019 Q2 - Earnings Call Transcript
2019-08-04 19:31
Financial Data and Key Metrics Changes - Total revenue for Q2 2019 was $366.7 million, a 13.1% increase from $324.3 million in Q2 2018, driven by 17.8% growth from government clients and 4.6% from commercial clients [31][5][12] - Adjusted EBITDA was $32.7 million, up 19.5% from $27.4 million in the previous year, with an adjusted EBITDA margin on service revenue expanding by 110 basis points to 13% [34][36] - Net income for the quarter was $14.6 million or $0.76 per diluted share, a 7% increase year-over-year from $0.71 per diluted share [36][31] Business Line Data and Key Metrics Changes - Government work revenue increased by 18% year-on-year, representing 67% of total revenues, with federal government revenues up 1.2% year-on-year [12][13] - State and local government revenues accounted for 20% of total revenues, driven by disaster recovery work in Puerto Rico and Texas [17][12] - Commercial client revenues increased by 4.6%, led by strong results in marketing services [21][12] Market Data and Key Metrics Changes - International client revenues declined by 8.5% year-on-year, attributed to a difficult comparison with a 65.3% increase in the previous year [20] - Energy market client revenues remained steady year-on-year, reflecting mid-single-digit growth in energy efficiency programs [23][24] Company Strategy and Development Direction - The company is focusing on growth opportunities in federal government markets, particularly in areas like IT modernization and cybersecurity, supported by a 2-year budget agreement [6][10] - Disaster recovery is seen as a long-term revenue contributor due to increasing extreme weather events and the need for experienced personnel in federal agencies [7][10] - The company is exploring acquisition opportunities to deepen capabilities and broaden reach in its areas of expertise [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong performance for the second half of 2019, supported by robust backlog and business development pipeline [5][28] - The company raised its revenue guidance for 2019 to a range of $1.475 billion to $1.5 billion, reflecting expectations for substantial growth [43][44] Other Important Information - The company announced a leadership transition, with John Wasson becoming CEO effective October 1, 2019, while Sudhakar Kesavan will move to the role of Executive Chairman [11] - The business development pipeline was reported at over $6.3 billion, with numerous opportunities exceeding $10 million [28] Q&A Session Summary Question: About disaster recovery work and geographic allocation - Management confirmed that the San Juan area experienced significant damage due to population density [49] Question: Potential for contract extensions beyond three years - Management indicated that it is highly likely for the work to extend beyond the initial three-year contracts due to historical precedents [50] Question: Opportunities for ongoing business in disaster recovery - Management highlighted a focus on mitigation and prevention, with significant funding allocated for these efforts [51][52] Question: Energy efficiency pipeline and state-level mandates - Management noted a robust energy efficiency pipeline, particularly in California, with ongoing bidding processes [56][57] Question: Bookings and book-to-bill expectations for Q3 and Q4 - Management expects Q3 to be strong for sales, with a book-to-bill ratio remaining in the range of 1.15 to 1.2 [60] Question: Performance leading to contract expansions in Puerto Rico - Management confirmed that their execution on existing contracts was key to winning additional work [78]
ICF International(ICFI) - 2019 Q2 - Quarterly Report
2019-08-02 10:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended June 30, 2019 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 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 ICF International, Inc. (Exact name of Registrant as Specified in its Charter) Delaware 22-3661438 (State or Other Jurisdi ...
ICF International(ICFI) - 2019 Q1 - Earnings Call Transcript
2019-05-06 21:48
ICF International, Inc. (NASDAQ:ICFI) Q1 2019 Results Conference Call May 2, 2019 4:30 PM ET Company Participants Lynn Morgen - AdvisIRy Partners Sudhakar Kesavan - Chairman and CEO John Wasson - President and COO James Morgan - CFO Conference Call Participants Tobey Sommer - SunTrust Joseph Vafi - Loop Capital Lucy Guo - Cowen and Company Tim McHugh - William Blair & Company Samuel England - Berenberg Marc Riddick - Sidoti & Company Kevin Steinke - Barrington Research Operator Welcome to the ICF Internatio ...
ICF International(ICFI) - 2019 Q1 - Quarterly Report
2019-05-03 10:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (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, 2019 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 Jurisdiction of ...
ICF International(ICFI) - 2018 Q4 - Annual Report
2019-02-27 11:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 Commission File Number: 001-33045 ICF INTERNATIONAL, INC. (Exact name of Registrant as specified in its charter) Delaware 22-3661438 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification Number) 9300 Lee Highway Fairfax, VA 22031 (Address of principa ...
ICF International(ICFI) - 2018 Q4 - Earnings Call Transcript
2019-02-27 08:15
ICF International, Inc. (NASDAQ:ICFI) Q4 2018 Results Earnings Conference Call February 26, 2019 4:30 PM ET Company Participants Lynn Morgen - AdvisIRy Partners Sudhakar Kesavan - Chairman and CEO John Wasson - President and COO James Morgan - CFO Conference Call Participants Joseph Vafi - Loop Capital Tobey Sommer - SunTrust Robinson Humphrey Lucy Guo - Cowen & Company Marc Riddick - Sidoti & Company Operator Welcome to the ICF International Fourth Quarter 2018 Earnings Conference Call. My name is Vanessa, ...