Core Insights - ICF International, Inc. (ICFI) has experienced a 28.5% appreciation over the past year and has consistently surpassed earnings estimates with an average beat of 11.57% [1][8] - Earnings growth is projected at 4.6% for 2024 and 13% for 2025 [1] Group 1: Company Performance - ICFI has a strong track record of earnings surprises, exceeding the Zacks Consensus Estimate in the last four quarters [1][8] - The company's current ratio at the end of Q1 2024 was 1.19, indicating good liquidity compared to 1.07 in the previous quarter and 1.29 a year ago [5] Group 2: Market Position and Strategy - ICFI operates in diverse markets including energy, environment, infrastructure, and healthcare, supported by a global presence with 55 regional offices in the U.S. and 15 international locations [2] - The company is focusing on expanding its commercial ventures, enhancing technology offerings, and penetrating government markets to increase revenues and shareholder value [3] Group 3: Growth Initiatives - ICFI is leveraging acquisitions for growth, including the 2023 acquisition of CMY Solutions to enhance power and energy advisory services and the 2022 acquisition of SemanticBits for advanced IT solutions [4] Group 4: Industry Context - ICFI's advisory services are in high demand due to a growing emphasis on transparency and efficiency, with opportunities identified in digital services and strategic communications [3]

ICF International, Inc. (ICFI) reported impressive first-quarter 2024 results, with both earnings and revenues surpassing the Zacks Consensus Estimate. The better-than-expected results impressed investors as the stock has gained 3.6% since the earnings release on May 2, 2024.Quarterly adjusted earnings per share of $1.77 beat the Zacks Consensus Estimate by 22.9% and gained 24.7% from the year-ago reported figure. Total revenues of $494.4 million beat the Zacks Consensus Estimate by a slight margin but incr ...

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Financial Data and Key Metrics Changes - Total revenues for Q1 2024 were $494.4 million, up 2.3% year-on-year. Excluding divestitures, revenues increased by 8.7% driven by growth from commercial energy clients and government customers [22][23][47] - Net income was $27.3 million, or $1.44 per diluted share, compared to $16.4 million, or $0.87 per diluted share in the same period last year. Non-GAAP EPS increased by 24.6% to $1.77 [42][22] - First quarter gross margins expanded by 190 basis points to 37.2% of total revenue, benefiting from energy efficiency contracts [40][41] Business Line Data and Key Metrics Changes - Revenues from the energy, environment, infrastructure, and disaster recovery client market increased by 20% year-on-year, accounting for 45% of total revenues [3][5] - Energy advisory revenues saw strong double-digit growth, driven by increased demand for power and technical advisory work [16] - Revenues from federal government clients increased by 2.4%, with a 5.4% increase when excluding subcontractor costs [76] Market Data and Key Metrics Changes - ICF is currently serving over 75 utilities across the country, with notable contract wins including $85 million in energy efficiency work and an $18 million electrification project [5][6] - The business development pipeline is valued at $9.7 billion, indicating strong alignment with government and commercial spending priorities [75] Company Strategy and Development Direction - The company is focused on key growth areas including energy efficiency, decarbonization, and disaster recovery, leveraging its expertise to support clients in these sectors [15][28] - ICF is actively pursuing acquisitions to enhance its capabilities in public health, data analytics, and energy, while maintaining a balanced approach to capital allocation [25][67] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued revenue growth, particularly in the second half of the year, supported by strong visibility into revenue streams [29][34] - The company anticipates that the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) will provide long-term growth opportunities over the next five to ten years [35][56] Other Important Information - The company announced a quarterly cash dividend of $0.14 per share, payable on July 12, 2024 [25] - ICF's adjusted net leverage ratio improved to 2.29 times, down from 3.09 times year-on-year [25] Q&A Session Summary Question: Expectations for revenue growth in the second half of the year - Management indicated that revenues are expected to increase in the second half, with strong growth anticipated as outlined in their guidance [29] Question: Impact of challenges in the commercial energy sector - Management noted that challenges in interconnection and permitting are creating opportunities for ICF to assist clients, particularly in grid modernization [30][32] Question: Insights on federal budget impacts - Management confirmed that the budget situation in key federal growth areas remains positive, with expectations for high single-digit growth [34] Question: Acquisition pipeline and market valuations - Management is actively looking for acquisition opportunities, noting that valuations have remained relatively stable despite market fluctuations [36][67] Question: Changes in RFP pace and client behavior - Management reported no significant shifts in RFP flow, with a strong pipeline and book-to-bill ratio indicating robust demand [68]

ICF International (ICFI) reported $494.44 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 2.3%. EPS of $1.77 for the same period compares to $1.42 a year ago.The reported revenue represents a surprise of +0.41% over the Zacks Consensus Estimate of $492.44 million. With the consensus EPS estimate being $1.44, the EPS surprise was +22.92%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

ICF International (ICFI) came out with quarterly earnings of $1.77 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.92%. A quarter ago, it was expected that this consulting and technology services provider would post earnings of $1.64 per share when it actually produced earnings of $1.68, delivering a surprise of 2.44%.Over ...

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, 2024 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 ...

Investors might want to bet on ICF International (ICFI) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syste ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, incl ...

| 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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or ...