ICF International, Inc. - ICFI STOCK NEWS

ICF (NASDAQ:ICFI) will participate in the Baird 2021 Virtual Global Consumer, Technology & Services Conference on June 8, 2021. CEO John Wasson and CFO Bettina Welsh are scheduled to present at 2:00 p.m. Eastern Time. ICF is a global consulting and digital services firm with over 7,000 employees, focusing on integrating industry expertise with innovative solutions. The company has been assisting clients since 1969 to address complex challenges across various sectors. For more information, visit icf.com.

ICF has been awarded a $34 million contract by NASA to support the U.S. Global Change Research Program. This five-year agreement includes an $8 million indefinite delivery component. ICF's role will involve providing technical and administrative support, focusing on climate change and global-scale environmental issues. Additionally, the contract entails the development of the Fifth National Climate Assessment. ICF emphasizes the importance of science-based decision-making to mitigate climate impacts.

ICF has appointed Scott Salmirs, the president and CEO of ABM Industries, to its board of directors. Salmirs brings extensive experience in business growth through transformative strategies. Under his leadership, ABM became one of the world’s leading facility services providers. ICF CEO John Wasson expressed confidence that Salmirs will offer valuable insights to enhance their growth across various sectors, including technology and public health. Salmirs is impressed by ICF’s diversified portfolio and views this appointment as timely for addressing critical client needs.

ICF (NASDAQ: ICFI) has partnered with Navatar to implement their Corporate Development Software, enhancing its sourcing, relationship management, and pipeline tracking capabilities. This integration aims to streamline deal processes by providing a holistic view of targets and facilitating collaboration across internal groups. The software offers automated reporting and analytics, further supporting ICF's strategic growth objectives. Jon Meyer, ICF's Senior Director, emphasized the importance of this solution for simplifying and improving the overall deal flow.

ICF reported a strong first quarter for 2021, with total revenue of $378 million, a 5.6% increase from the previous year. Service revenue rose 9.5% to $280 million. Diluted EPS was $0.96, up from $0.55, while Non-GAAP EPS increased 36% to $1.13. The company secured record contract awards of $596 million, marking a 67% year-over-year increase. ICF anticipates full-year service revenue and EPS at the upper end of its guidance. Key growth areas include IT modernization and public health, expected to grow at over 10% annually.

Southern California Edison (SCE) has awarded ICF (NASDAQ:ICFI) two contracts to enhance energy efficiency programs with a total estimated value of $45 million. The initiatives aim to create custom energy reports for residential and small commercial customers, focusing on energy savings education and actionable insights. ICF leverages extensive experience in demand-side management to support California's energy conservation goals. The company emphasizes hyper-personalized analytics and community outreach to engage low-to-moderate income and disadvantaged customers.

The Federal Transit Administration (FTA) has awarded ICF two new call orders totaling $13 million for modernizing the National Transit Database (NTD). These contracts, part of a blanket purchase agreement with the U.S. Department of Transportation, span five years. ICF will utilize Appian's low-code/no-code platform, integrating artificial intelligence and machine learning to enhance data management, reduce redundancies, and improve efficiency. The NTD plays a crucial role in distributing federal funds for transit projects and is essential for infrastructure planning.

The Government of Puerto Rico has awarded ICF a $46 million contract to assist in long-term disaster recovery from hurricanes Irma and María. This contract, administered by COR3, includes a four-month initial term and two one-year extension options. ICF will provide program support and technical assistance, helping to process FEMA disaster recovery funding. With extensive experience in managing disaster recovery efforts across the U.S., ICF aims to accelerate rebuilding efforts in Puerto Rico.

The U.S. Department of Health and Human Services has awarded ICF (NASDAQ: ICFI) a $35 million contract to provide training and technical assistance for Head Start programs in the southeast region. This five-year contract includes an 11-month base period and four optional yearly extensions. With this award, ICF expands its support to six of the 12 Head Start regions across 40 states and the District of Columbia. In Q3 2020, ICF secured over $100 million in contracts for other Head Start regions.