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Company Overview
ICF Intl Inc (ICFI) is a global consulting and technology services provider renowned for its multidisciplinary expertise in digital transformation, consulting services, and technology solutions. The firm has a long-standing reputation for uniting business analysts, policy specialists, digital strategists, data scientists, and creative professionals to address complex, real-world challenges for both governmental and commercial clients.
Core Business and Services
At its core, ICF delivers integrated solutions that span:
- Digital Transformation and IT Modernization: Utilizing cloud computing, artificial intelligence, machine learning, and advanced data analytics to streamline operations and enhance user experience.
- Energy and Environmental Solutions: Offering expertise in energy efficiency, grid resilience, electrification, and decarbonization to support sustainable and adaptable energy markets.
- Health and Risk Assessment: Combining health policy expertise with scientific analysis to provide actionable insights and regulatory support for improving public health outcomes.
- Disaster Recovery and Resilience: Delivering comprehensive support through disaster management, recovery planning, and digital grant management to assist public and private entities during critical times.
- Policy Analysis and Regulatory Support: Assisting clients in navigating complex regulatory landscapes with a focus on transparency, robust data analysis, and evidence-based strategies.
Industry Position and Value Proposition
ICF has established a competitive position by integrating deep domain expertise with cutting-edge technological capabilities. The company excels in providing tailored, multi-sector advisory services that reduce time-to-value by blending strategy, design, and implementation across its diverse client spectrum. Its methodical approach ensures that clients receive scalable technology solutions, risk assessments, and strategic insights tailored to their specific operational needs.
Competitive Differentiators
The firm distinguishes itself through:
- Cross-Disciplinary Expertise: Integration of specialists from various fields ensures holistic problem solving.
- Agile Response Capabilities: Ability to quickly adapt solutions to meet evolving client requirements across different industry sectors.
- Innovative Use of Technology: Adoption of cloud-based platforms, advanced analytics, and proprietary software solutions that enhance operational efficiency and data-driven decision making.
- Global Reach with Local Insight: Extensive experience working with international, federal, state, and local clients providing nuanced, context-specific support.
Operational Excellence and Client Impact
ICF’s work is built on decades of experience that spans highly diverse projects including IT modernization for federal agencies, electrification programs for utilities, and comprehensive disaster management for communities. Its client engagements are rooted in ensuring that technology and strategic consulting converge to overcome complex challenges, improve mission outcomes, and drive sustainable productivity improvements.
Expertise and Trustworthiness
Since its inception, ICF has demonstrated a consistent commitment to excellence and integrity. By leveraging advanced analytics, human-centered design, and collaborative methodologies, the company provides scientifically sound and operationally effective solutions that not only meet regulatory requirements but also foster lasting progress. This balanced approach underscores ICF’s reputation as a trusted partner among a wide array of stakeholders in both public and private sectors.
ICF (NASDAQ:ICFI) will participate in the Sidoti Spring 2022 Virtual Small Cap Conference, with Chairman and CEO John Wasson presenting on March 24 at 10:00 a.m. Eastern Time. A live audio webcast of the presentation will be accessible online, and a replay will be available for three months. ICF specializes in consulting and digital services, employing around 8,000 staff. The company combines industry expertise with innovative strategies to help clients tackle complex challenges.
ICF reported strong fourth quarter and full year 2021 results, with total revenue of $388 million in Q4 and $1.55 billion for the year. Service revenue increased 4.3% to $273 million in Q4 and 6.4% to $1.11 billion for the full year. Diluted EPS was $0.63 in Q4 and $3.72 for the year. The company also saw record contract awards of $652 million in Q4, achieving a book-to-bill ratio of 1.68. Looking ahead, ICF anticipates double-digit service revenue growth in 2022, supported by the acquisition of Creative Systems and significant demand in government and energy markets.
ICF (NASDAQ:ICFI) has been recognized as the 2022 ServiceNow Americas U.S. Federal Partner of the Year for its robust partnership in delivering digital solutions to the U.S. government. The award highlights ICF's success with over 250 deployments on the Now Platform in 2021, showcasing its ability to improve clients' business outcomes significantly. The company boasts over 500 ServiceNow-certified consultants and manages over 50 ongoing projects for key U.S. federal agencies. This honor reflects ICF's consistent commitment to customer satisfaction and innovation in the federal digital services sector.
Public Service Company of Oklahoma (PSO) awarded a multimillion-dollar contract to ICF (NASDAQ: ICFI) to manage energy efficiency programs. As the primary implementer, ICF will oversee commercial and residential portfolios, providing services like program design, management, customer care, and database tracking. ICF aims to enhance efficiency and support PSO in delivering reliable energy. With over three decades of experience, ICF is well-positioned to meet evolving energy needs, including innovative solutions for the oil, gas, and agriculture sectors.
On February 9, 2022, Entergy Mississippi awarded a $20 million contract extension to ICF (NASDAQ:ICFI) for expanding its energy efficiency services. This extension allows ICF to enhance both residential and commercial energy efficiency programs, providing marketing, customer support, and data analytics. ICF has collaborated with Entergy Mississippi for over eight years, focusing on innovative solutions to decrease energy costs for customers. ICF's extensive experience in energy management positions it well to support this initiative.
Con Edison of New York has awarded ICF a recompete contract valued at over $30 million to manage and expand its residential energy efficiency portfolio. This contract will enable ICF to provide a comprehensive range of services, including program delivery, engineering, and customer support, extending coverage to additional subsidiary customers in New York and New Jersey. The partnership has been ongoing for over 15 years, focusing on innovative energy efficiency programs aimed at optimizing portfolio efficiency and meeting state decarbonization goals.
ICF (NASDAQ:ICFI) has announced the appointment of Barry Broadus as its new chief financial officer (CFO), effective February 28, 2022. He succeeds Bettina Garcia Welsh, who is leaving the company but will assist in the transition until early April 2022. Broadus brings over 30 years of financial management experience, previously serving as CFO at various tech firms, including Dovel Technologies. CEO John Wasson highlighted Broadus's expertise and potential to drive growth at ICF.
ICF (NASDAQ:ICFI) has announced the release date for its fourth quarter and full year 2021 financial results, set for February 24, 2022, after market close. The results will be accessible via the ICF investor website. A conference call to discuss the outcomes will follow on the same day at 4:30 p.m. ET, with the opportunity to participate via dial-in or audio webcast. Investors can register for the call and find archived materials post-event on the investor site.
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