Welcome to our dedicated page for Icf Intl news (Ticker: ICFI), a resource for investors and traders seeking the latest updates and insights on Icf Intl stock.
ICF International (ICFI) is a global leader in consulting and technology services, delivering integrated solutions for government agencies and commercial enterprises. This page provides real-time access to official press releases, strategic announcements, and expert analyses of the company's operations across digital transformation, environmental initiatives, and public health programs.
Investors and industry professionals will find comprehensive coverage of earnings reports, partnership developments, and regulatory updates. Our curated collection ensures timely access to critical information about ICFI's work in IT modernization, energy efficiency projects, and disaster recovery planning.
Key updates spanning government contracts, sustainability initiatives, and technology deployments are maintained here for efficient tracking. Regular additions include details about service expansions, leadership changes, and recognition of the company's cross-sector expertise.
Bookmark this page to monitor ICF International's evolving role in shaping policy implementation, climate resilience strategies, and health system improvements through data-driven consulting solutions.
ICF reported strong Q2 2022 results with total revenue of $423 million, an increase of 7.8% year-over-year. Service revenue reached $306 million, up 9%. The diluted EPS was $0.97, while non-GAAP EPS was $1.33, reflecting a 12% growth. The company secured $346 million in contracts this quarter, contributing to a trailing twelve-month book-to-bill ratio of 1.21. ICF raised its full-year 2022 guidance post-acquisition of SemanticBits, now forecasting total revenue between $1.760 billion and $1.820 billion.
ICF has been awarded a $33 million recompete contract by the U.S. Department of Health and Human Services' Centers for Medicare & Medicaid Services (CMS) to provide digital modernization services. This contract spans four years, including a one-year base and three one-year options. ICF will leverage its experience with ServiceNow to enhance operational efficiencies and improve user experiences. The company has a solid track record with CMS since 2018, focusing on modernizing agency systems and ensuring a better automated employee experience.
The U.S. Department of Labor has awarded ICF a $14 million contract for a five-year term to provide technical assistance for apprenticeship programs. This contract will support the agency's Apprenticeship Building America initiative and the Regional Apprenticeship Technical Assistance Centers of Excellence. ICF's extensive expertise in workforce development will help prepare individuals for high-paying jobs, aiming to reduce unemployment rates and enhance economic opportunities. ICF's experience in running DOL apprenticeship programs positions it well to leverage these initiatives effectively.
ICF has finalized its acquisition of SemanticBits, a key partner for U.S. federal health agencies, enhancing ICF's digital modernization capabilities. Founded in 2005, SemanticBits specializes in scalable solutions, including cloud development and data analytics, with a team experienced in federal health IT projects. ICF plans to provide updated financial guidance for 2022, reflecting SemanticBits' contributions. This acquisition aligns with ICF’s strategy to expand its offerings in federal health services and digital transformation, signaling potential growth opportunities.
ICF (NASDAQ:ICFI) announced the release of its second quarter 2022 results scheduled for August 3, 2022, after market close. The results will be accessible on their investor website. Participants can register for an audio-only webcast of the earnings call and obtain a unique PIN for access. The replay will be available for one year post-event. ICF provides consulting and digital services, employing around 8,000 personnel globally, supporting both public and private sector clients. More about ICF can be found on their website.
ICF Awarded $30 Million Contract by DOD
The U.S. Department of Defense awarded ICF a $30 million recompete contract to support its mental health research agenda. The contract spans 55 months, comprising a seven-month base period and four one-year options. ICF will enhance the Department of Defense’s Psychological Health Center of Excellence by providing expertise in psychological health research, data analytics, and implementation science to improve military mental healthcare.
ICF (NASDAQ:ICFI) has announced a definitive agreement to acquire SemanticBits, enhancing its digital modernization capabilities for U.S. federal health agencies. The $220 million transaction, funded through ICF's credit facility, is expected to generate approximately $135 million in annual revenue for 2022, with $115 million projected as recurring in 2023. This acquisition aims to complement organic growth and support larger projects in federal health IT, driven by SemanticBits' expertise in open-source solutions and strong presence at the Centers for Medicare & Medicaid Services (CMS).
ICF (NASDAQ:ICFI) will participate in the Baird 2022 Global Consumer, Technology & Services Conference on June 7 at 9:40 a.m. ET. CEO John Wasson and CFO Barry Broadus will lead the presentation, which will be accessible via live webcast. The replay will be available for 90 days post-conference. ICF is a global consulting and digital services provider with around 8,000 employees, focusing on solving complex challenges in collaboration with public and private sectors.
ICF (NASDAQ:ICFI) announces a partnership with Google Cloud to enhance digital transformation services for public sector clients. This collaboration aims to provide cloud and analytics solutions, supporting organizations as they advance their digital strategies. The partnership will leverage ICF's expertise and Google Cloud's capabilities to improve operational efficiency and deliver innovative services to federal agencies. With a focus on clients like the National Cancer Institute, ICF aims to facilitate smoother migrations to cloud systems, ultimately enhancing federal service delivery.
ICF (NASDAQ: ICFI) has confirmed its Investor Day will take place on May 25, 2022, in New York, New York. Senior management will present insights on key growth areas, including IT modernization, public health, disaster management, and climate initiatives. Analysts and institutional investors can attend in person or via a live webcast starting at 2:30 p.m. ET. Registration is required. ICF has been a key player since 1969, helping clients navigate challenges with a mix of consulting and digital services.
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