For the quarter ended September 2024, ICF International (ICFI) reported revenue of $517 million, up 3.1% over the same period last year. EPS came in at $2.13, compared to $1.81 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $532.49 million, representing a surprise of -2.91%. The company delivered an EPS surprise of +17.68%, with the consensus EPS estimate being $1.81.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

ICF International (ICFI) came out with quarterly earnings of $2.13 per share, beating the Zacks Consensus Estimate of $1.81 per share. This compares to earnings of $1.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.68%. A quarter ago, it was expected that this consulting and technology services provider would post earnings of $1.52 per share when it actually produced earnings of $1.69, delivering a surprise of 11.18%.Ove ...

Financial Performance - Total revenue for Q3 2024 was $517 million, a 3% increase year-on-year, and a 6% increase excluding divestitures[1] - Net income reached $33 million, with GAAP EPS of $1.73, up 38% from the previous year[1] - Non-GAAP EPS increased 17.7% to $2.13 per share, compared to $1.81 in Q3 2023[6] - The operating margin improved by 250 basis points to 8.9%, while adjusted EBITDA margin expanded by 50 basis points to 11.3%[4] - Revenue for September 2024 reached $516,998 thousand, a 3.0% increase from $501,519 thousand in September 2023[30] - Net income for September 2024 was $32,679 thousand, up 37.5% from $23,740 thousand in September 2023[30] - Adjusted EBITDA for September 2024 was $58,526 thousand, compared to $54,279 thousand in September 2023, reflecting a 4.1% increase[32] - Basic earnings per share (EPS) for September 2024 was $1.74, an increase of 38.1% from $1.26 in September 2023[30] - The company reported a net income margin of 6.3% for September 2024, up from 4.7% in September 2023[32] - Operating income for September 2024 was $46,024 thousand, a significant increase from $31,901 thousand in September 2023, representing a 44.5% growth[30] - The company experienced a comprehensive income of $31,728 thousand for September 2024, compared to $19,687 thousand in September 2023, reflecting a 60.9% increase[30] - Net income for the three months ended September 30, 2024, was $85,607,000, compared to $60,450,000 for the same period in 2023, representing an increase of 41.5%[41] Revenue Breakdown - Revenue from government clients was $387.8 million, a 1.1% increase year-on-year, with federal government revenue accounting for 54.5% of total revenue[8][9] - Commercial revenue was $129.2 million, up 23.7% compared to Q3 2023, representing 25% of total revenue[18] - Revenue from the Energy, Environment, Infrastructure, and Disaster Recovery sector accounted for 46% of total revenue for the three months ended September 30, 2024, up from 41% in the same period of 2023[43] - The U.S. federal government represented 55% of total revenue for the three months ended September 30, 2024, slightly down from 56% in the prior year[44] - Time-and-materials contracts made up 43% of total revenue for the three months ended September 30, 2024, compared to 41% in the same period of 2023[45] Guidance and Future Outlook - The company adjusted its full-year 2024 revenue guidance to a range of $2.0 billion to $2.03 billion, reflecting a $50 million reduction in expected pass-throughs[22] - The revised GAAP EPS guidance for 2024 is now between $6.05 and $6.15, with non-GAAP EPS expected to range from $7.40 to $7.50[22] Backlog and Pipeline - The business development pipeline reached a record $10.6 billion, with contract awards totaling $697 million in Q3 2024[5] - Total backlog at the end of Q3 2024 was $3.9 billion, with funded backlog at $1.9 billion, approximately 50% of the total[7] Assets and Liabilities - Total current assets increased to $493,115,000 as of September 30, 2024, from $447,157,000 at December 31, 2023, reflecting a growth of 10.3%[40] - Total liabilities decreased to $1,051,861,000 as of September 30, 2024, from $1,094,187,000 at December 31, 2023, a reduction of 3.9%[40] - The total stockholders' equity increased to $976,317,000 as of September 30, 2024, from $917,585,000 at December 31, 2023, reflecting a growth of 6.4%[40] Cash Flow and Expenses - The company reported net cash provided by operating activities of $76,184,000 for the three months ended September 30, 2024, compared to $45,552,000 in the same period of 2023, an increase of 67.2%[41] - Interest expense decreased to $(7,195) thousand in September 2024 from $(10,557) thousand in September 2023, indicating improved financial management[30] - The company declared cash dividends of $0.14 per common share for both September 2024 and September 2023[30] Credit Losses - The company recorded a provision for credit losses of $3,176,000 for the three months ended September 30, 2024, compared to $691,000 in the same period of 2023, indicating a significant increase in expected credit losses[41]

Earnings Release - ICF International, Inc. will release its Q3 2024 earnings results after market close on October 31, 2024[5] Conference Call - A conference call to discuss the Q3 results will be held at 4:30 p.m. Eastern Time on October 31, 2024[5]

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The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. ICF International (ICFI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question. ICF International is one of 316 companies in the Bus ...

Have you been paying attention to shares of ICF International (ICFI) ? Shares have been on the move with the stock up 14.7% over the past month. The stock hit a new 52-week high of $161.19 in the previous session. ICF International has gained 19.5% since the start of the year compared to the 11.2% move for the Zacks Business Services sector and the 17.6% return for the Zacks Government Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as ...

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success. The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what ...

ICF International, Inc. (ICFI) reported impressive second-quarter 2024 results, with earnings and revenues surpassing Zacks Consensus Estimate. The better-than-expected results impressed investors, as the stock has gained 6.8% since the earnings release on Aug 1, 2024. Quarterly earnings (excluding 33 cents from non-recurring items) per share of $1.7 beat the Zacks Consensus Estimate by 11.2% and gained 7.6% from the year-ago quarter. Total revenues of $512 million beat the Zacks Consensus Estimate by a sli ...