ICF's disaster management experts, 95% of whom are based on the island, will deliver grant management support to assist COR3 in dispersing Federal Emergency Management Agency (FEMA) funds quickly and compliantly. The company will leverage their proprietary cloud-based grants management platform disasTRAX® to centralize and accelerate grants management and reporting. For over 20 years, ICF has been on the ground for some of the most significant natural disasters in U.S. history —serving over 150 U.S. state a ...

Group 1 - The U.S. Department of Defense awarded a multiple-award blanket purchase agreement (BPA) to ICF for cloud-based solutions to modernize the Defense Manpower Data Center (DMDC) with a ceiling value of $1.4 billion over five years [1][2] - ICF is eligible to compete across 25 task areas under the BPA, including data analysis, cloud engineering, and systems integration [3] - ICF will utilize Agile best practices and incorporate automated technologies such as AI, generative AI, and machine learning in the modernization efforts [4] Group 2 - The Defense Human Resources Agency (DHRA) manages 22 DOD programs and supports uniformed service members and their families globally [5] - ICF has extensive experience in cloud technology, having managed over 5,000 cloud instances for more than 100 federal projects [6] - The company combines domain expertise with advanced analytics and has partnerships with over 30 platform partners to enhance mission readiness and productivity [7]

Company Overview - ICF is a global consulting and technology services company with approximately 9,000 employees, combining industry expertise with digital strategies, data science, and creative solutions to address complex challenges for public and private sector clients since 1969 [1]. Recent Events - ICF announced its participation in the Canaccord Genuity 44th Annual Growth Conference, where CEO John Wasson and Executive VP Anne Choate will engage in a fireside chat on August 14 at 8:30 a.m. Eastern Time [3]. - A live webcast of the fireside chat will be available, with a replay accessible for 90 days post-conference [4].

Group 1 - ICF has been awarded a subcontract valued at $88 million to modernize the Centers for Medicare and Medicaid Services (CMS) Quality Payment Program (QPP) over a term of nearly five years [4] - The modernization efforts aim to enhance QPP's functionality, improve customer experience, and reduce administrative burdens on clinicians, thereby allowing more time for person-centered care and improving health outcomes [1][5] - ICF has extensive experience in cloud modernization, having managed over 5,000 cloud instances for more than 100 enterprise cloud projects across U.S. federal agencies [2] Group 2 - ICF combines deep domain expertise with advanced technologies and analytics to help federal agencies design technology solutions that improve mission outcomes and productivity [7] - The company employs approximately 9,000 individuals, including business analysts, policy specialists, digital strategists, and data scientists, to tackle complex challenges in various sectors [5] - ICF's capabilities include cloud operations, artificial intelligence, machine learning, application modernization, and data sharing, among others [2]

Core Insights - ICF has been awarded a new contract to support Commonwealth Edison's electrification programs in Illinois, which includes a $231 million investment aimed at promoting equitable access to electric vehicles (EVs) and building a robust EV charging network [8][9]. Group 1: Company Overview - ICF is a global consulting and technology services company with approximately 9,000 employees, specializing in energy efficiency and electrification programs [4]. - The company collaborates with various stakeholders, including utilities, federal agencies, and non-governmental organizations, to provide comprehensive services across the energy value chain [6]. Group 2: Partnership and Services - The new electrification contract enhances ICF's 17+ years of partnership with ComEd, focusing on innovative energy efficiency programs [2]. - ICF will work alongside Walker-Miller Energy Services and the Center for Sustainable Energy to design and implement EV rebate programs and support fleet electrification [5]. Group 3: Program Goals and Impact - The electrification programs aim to reduce EV adoption costs for both residential and commercial customers, contributing to the goal of placing 1 million EVs on Illinois roads by 2030 [9]. - The initiative is expected to decrease customer costs and lower greenhouse gas emissions, aligning with broader clean energy objectives [9].

Financial Performance - ICF International reported impressive first-quarter 2024 results with adjusted earnings per share of $1.77, beating the Zacks Consensus Estimate by 22.9% and increasing 24.7% year over year [1] - Total revenues reached $494.4 million, slightly surpassing the Zacks Consensus Estimate and reflecting a 2.3% year-over-year increase [1] Growth Drivers - The company is experiencing growth in demand for advisory services, driven by government focus on environmental initiatives, transparency, efficiency, and generational changes [2] - ICF International is identifying opportunities to expand its technology-based solutions, including digital services and strategic communications across various markets [2] Acquisition Strategy - Acquisitions are crucial for the company's growth strategy, with notable acquisitions including CMY Solutions in 2023 to enhance power and energy advisory services, and SemanticBits in 2022 for advanced IT solutions [3] - The acquisition of Creative Systems and Consulting in 2022 aimed to bolster ICFI's federal IT modernization and digital transformation capabilities [3][7] Cost Management - The company faces rising costs due to significant investments in internal infrastructure and acquisitions, with operating costs increasing by 5.4%, 16.1%, and 3.9% year over year in 2023, 2022, and 2021, respectively [4] - Projected increases in operating costs are expected to be 5%, 6.7%, and 13.6% for 2024, 2025, and 2026, respectively [4] Market Presence - ICF International has a broad global presence with 55 regional offices in the U.S. and 15 offices internationally, serving a diverse set of markets [8] - The company's revenues increased by 10.3% year over year in 2023, with estimated growth of 5.2%, 7.8%, and 13.4% for 2024, 2025, and 2026, respectively [8] Liquidity Position - The current ratio at the end of first-quarter 2024 was 1.19, an improvement from 1.07 in the previous quarter, indicating the company's ability to meet short-term obligations [9]

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. Breaking Down the Zacks Focus List The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are ...

Company Overview - ICF International (ICFI) shares increased by 4.2% to close at $146.39, following a trading session with notable volume, contrasting with a 2.6% loss over the past four weeks [1] - The company is expected to report quarterly earnings of $1.52 per share, reflecting a year-over-year decline of 3.2%, with revenues projected at $508.54 million, an increase of 1.7% from the previous year [3] Earnings Estimates - The consensus EPS estimate for ICF has been revised 0.8% lower in the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [2][6] - ICF is part of the Zacks Government Services industry, where another company, Booz Allen Hamilton (BAH), has seen a 3.2% increase in its EPS estimate over the past month [4][7] Market Demand - ICF is benefiting from strong demand in power and technical advisory services, ongoing needs from renewable developers, and increased resilience work for utilities, including underground power lines and environmental infrastructure [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 | Delaware | 001-33045 | 22-3661438 | | --- | --- | --- | | (State or other jurisdiction of | (Commission File Number) | (I.R.S. Employer | | incorporation or organization) | | Identification Number) | | 1902 Reston Metro Plaza, Reston | | 20190 | | Virginia | | | | (Address of principal executive offices) | | (Zip Code) | Registrant's telephone number, including area code:(703) 934-3000 Not Applicable (Former name or former address, if ...

Core Insights - The U.S. Environmental Protection Agency (EPA) awarded a $75 million contract to ICF for human health and environmental risk assessments over a seven-year term [1][2][3] - ICF will utilize advanced technologies, including its proprietary Litstream® software, to assess chemical hazards and environmental stressors [2][3] - ICF has a long history of supporting EPA, having evaluated over 2,200 chemicals since 2011, and was awarded $33 million in task orders for additional assessments in late 2023 [3][4] Company Overview - ICF is a global consulting and technology services firm with approximately 9,000 employees, combining expertise in various fields to address complex challenges [6] - The company employs over 150 environmental health experts, including toxicologists and epidemiologists, to conduct comprehensive scientific analyses [4][6] - ICF has been involved in risk assessment programs for over 30 years, contributing to the understanding of the relationship between human health and environmental factors [3][4]