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ICF International, Inc. (NASDAQ: ICFI) is a prominent global consulting and technology services provider with a workforce of over 9,000 employees specializing in an array of fields including business analysis, policy development, technology, digital strategy, social science, and creative solutions. Established in 1969, ICF has a broad portfolio of clients primarily comprising United States federal government departments and agencies, as well as commercial clients.
ICF's core services span across four primary markets: Energy, Environment, Infrastructure and Disaster Recovery; Health and Social Programs; Security; and Other Civilian & Commercial. Their expertise encompasses professional services and technology-based solutions such as management consulting, marketing, technology implementation, and policy consulting.
One of ICF's notable achievements includes a recent collaboration with the U.S. Department of Health and Human Services (HHS) to advance the cloud migration and digital modernization of the Centers for Medicare & Medicaid Services (CMS) systems. These projects, valued at $50 million, aim to improve healthcare services for Medicare and Medicaid beneficiaries across the nation.
Additionally, ICF has been instrumental in implementing energy efficiency programs for utility companies like Baltimore Gas and Electric (BGE) and Entergy Arkansas, leveraging their proprietary utility technology platform to monitor and optimize program performance. Their collaboration with the California State Lottery further exemplifies their ability to enhance digital infrastructure, ensuring websites are user-friendly and compliant with the Americans with Disabilities Act.
ICF's digital modernization services are bolstered by partnerships with more than 30 platform partners, including being an Amazon Web Services (AWS) Advanced Tier Services Partner. This positions ICF to provide comprehensive cloud capabilities, artificial intelligence (AI), machine learning (ML), and data sharing solutions. In the realm of global health, ICF has been a pivotal partner for the U.S. Agency for International Development (USAID), delivering the Demographic and Health Surveys (DHS) Program for over 40 years, providing critical data for health, population, and nutrition programs worldwide.
ICF's dedication to utilizing science and technology has also been recognized by their work with the U.S. Environmental Protection Agency (EPA) under a $75 million contract to assess chemical hazards and environmental stressors. Their advanced data modeling and analysis tools like Litstream® aid in producing broad-based, scientifically defensible analyses.
Financially, ICF has demonstrated robust performance with a 2% year-over-year revenue increase in the first quarter of 2024, adjusting for the divestiture of its commercial marketing business lines. Their backlog of $3.6 billion and a 1.2 book-to-bill ratio underscore their strong positioning and growth prospects.
ICF (NASDAQ: ICFI) has been awarded an $84 million contract by Puerto Rico's Public Private Partnership Authority to continue supporting long-term disaster recovery and mitigation efforts across the territory. The recompete contract, administered by COR3, has a three-year term with a one-year base and two one-year options. ICF will provide grant management support to assist in dispersing FEMA funds, leveraging their proprietary disasTRAX® platform.
Since 2018, ICF has partnered with COR3, helping disburse over $9 billion in funds, including $2 billion in 2023. The company's disaster management experts, 95% of whom are based in Puerto Rico, will continue to support recovery efforts from various disasters, including hurricanes and earthquakes.
ICF (NASDAQ:ICFI) has been awarded a new multiple-award blanket purchase agreement (BPA) by the U.S. Department of Defense (DOD) Defense Human Resources Agency (DHRA) to modernize the Defense Manpower Data Center (DMDC). The BPA has a ceiling value of $1.4 billion across all 10 awardees over a five-year period. ICF will compete across 25 task areas, applying Agile practices to develop cloud-based solutions and incorporate AI, generative AI, and machine learning technologies.
The company will provide services including data analysis, enterprise architecture, cloud engineering, and cybersecurity support. This project aims to modernize DMDC's IT enterprise while ensuring critical functionality remains intact during migration. ICF's expertise in cloud technology, digital modernization, and human capital will contribute to supporting DHRA's mission of serving uniformed service members and their families globally.
ICF, a global consulting and technology services provider, has announced its participation in the Canaccord Genuity 44th Annual Growth Conference. The company's CEO, John Wasson, and EVP of Energy, Environment and Infrastructure, Anne Choate, will engage in a fireside chat on Wednesday, August 14 at 8:30 a.m. Eastern Time.
A live webcast of the discussion will be available for viewing, with a replay accessible for 90 days after the conference. This event provides an opportunity for investors and analysts to gain insights into ICF's growth strategies and market position.
FEMA has awarded ICF (NASDAQ:ICFI) a new $17 million data modernization contract to build a cloud-based data exchange platform, FEMADex. This three-year contract aims to improve the efficiency and cost-effectiveness of disaster response and recovery efforts. ICF will leverage its disaster management expertise along with advanced technologies like cloud computing, generative AI, DevSecOps, and advanced analytics to implement the platform.
The FEMADex platform will enhance FEMA's data sharing and analytics capabilities, allowing leaders to access, analyze, and visualize data from multiple sources. This will facilitate data-driven decision-making and collaboration across the emergency management community. ICF will deliver a modernized Azure Databricks-based solution for FEMADex implementation.
ICF (NASDAQ:ICFI) has been awarded an $88 million subcontract to modernize and execute the Centers for Medicare and Medicaid Services (CMS) Quality Payment Program (QPP). The contract spans nearly five years and aims to enhance QPP's functionality, improve customer experience, and reduce administrative burdens on clinicians.
As a leader in data modernization solutions, ICF has managed over 5,000 cloud instances for more than 100 enterprise cloud projects across U.S. federal agencies. The company combines domain expertise with advanced technologies to help federal agencies design efficient technology solutions. ICF's team includes 2,000 technologists and 4,000 industry experts in various fields, working with an ecosystem of over 30 platform partners.
ICF (NASDAQ:ICFI) has been awarded a new agreement to support the launch and implementation of Commonwealth Edison's (ComEd) beneficial electrification (BE) programs in Illinois. The program is part of ComEd's $231 million investment to promote equitable access to electric vehicles (EV), reduce EV adoption costs, and accelerate the build-out of an EV charging network. ICF, in partnership with Walker-Miller Energy Services and Center for Sustainable Energy, will design and implement EV rebate programs and support fleet electrification.
This contract builds on ICF's 17+ year partnership with ComEd in designing and delivering energy efficiency programs. ICF's expertise in electrification and energy efficiency, combined with its extensive experience working with utilities and government agencies, positions the company as a key player in advancing the transition to clean energy and helping Illinois reach its goal of 1 million EVs on roads by 2030.
ICF (NASDAQ: ICFI), a global consulting and technology services provider, announced it will release its second quarter 2024 financial results on Thursday, August 1, 2024, after the market close. A webcast call to discuss the results will be held at 4:30 p.m. Eastern Time on the same day. Analysts and institutional investors can register to participate actively, while general listeners can access the live webcast through a provided link. A replay will be available for one year. The earnings results will be posted on ICF's investor relations website before the call.
ICF, a global consulting and technology services provider traded on NASDAQ under the symbol ICFI, announced its participation at the Baird 2024 Global Consumer, Technology & Services Conference. The event will take place at the InterContinental New York Barclay Hotel in New York City. ICF's Chief Financial Officer Barry Broadus and Senior VP for Utility Programs and Services Kyle Wiggins will represent the company in a hybrid fireside chat scheduled for 8:30 a.m. Eastern Time on Wednesday, June 5.
ICF (NASDAQ: ICFI), a global consulting and technology services provider, announced its participation in the William Blair 44th Annual Growth Stock Conference. The event is scheduled at the Loews Chicago Hotel, Chicago, Illinois. CEO John Wasson and EVP Anne Choate will present on June 5 at 1:40 p.m. ET. A live webcast will be available at https://wsw.com/webcast/blair97/icfi/1909950, with a replay accessible for 90 days post-conference.
ICF has been awarded a $75 million contract by the U.S. Environmental Protection Agency (EPA) to conduct human health and environmental risk assessments. This single-award, indefinite-delivery, indefinite-quantity (IDIQ) contract has a term of seven years and was awarded by EPA's Office of Research and Development in the first quarter of 2024.
ICF will leverage its expertise in health and environmental sciences, as well as its proprietary machine-learning software, Litstream®, to analyze chemical hazards and environmental stressors. The company will also develop new methods and models for future health analyses.
ICF has supported EPA's risk assessment programs for over 30 years and has evaluated over 2,200 chemicals since 2011. The company was previously awarded $33 million in task orders in the second half of 2023 for additional chemical risk assessment work.
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