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ICF International, Inc. - ICFI STOCK NEWS

Welcome to our dedicated page for ICF International news (Ticker: ICFI), a resource for investors and traders seeking the latest updates and insights on ICF International stock.

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.

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ICF Receives $50 Million Contract Extensions from HHS for Cloud Migration and Modernization of CMS Healthcare Systems
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ICF Reports Strong Financial Results with Double-Digit Revenue Growth and Profitability in 2023, Expects Continued Growth in 2024
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ICF, a global consulting and technology services provider, expands its partnership with SAMHSA to support mental health programs, including the 988 Suicide & Crisis Lifeline. The five new subcontracts have a combined value of $24 million. ICF will leverage cloud-based data solutions to evaluate the impact of mental health programs and raise awareness. The company has a deep expertise in behavioral health and will deliver a variety of services to address the nation's suicide crisis. ICF has supported SAMHSA on numerous priority initiatives for years, including providing timely access to substance use and mental health trends, improving children's mental health and wellness, and addressing other issues such as underage drinking, school-based mental health, and trauma-informed care. The company is an AWS Advanced Tier Services Partner and has experience implementing a full range of AWS capabilities. ICF combines deep domain expertise with leading-edge technologies, advanced analytics, and human-centered practices to help federal agencies design technology solutions that reduce time-to-value.
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ICF (NASDAQ:ICFI) has been awarded a $33 million recompete contract by the U.S. Department of Health and Human Services to continue modernizing the Centers for Medicare and Medicaid system for kidney dialysis data. The contract has a term of three years, and ICF is building an AWS cloud-based solution for CMS' End Stage Renal Disease Quality Reporting System. This aims to improve patient care and reduce costs by quickly collecting, analyzing, and synthesizing large amounts of patient data.
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ICF (NASDAQ:ICFI) has been awarded three new task orders by the U.S. EPA Office of Pollution Prevention and Toxics, with a combined total value of $33 million. The task orders will involve assessing the risk of chemical exposure to human health and the environment using scientific expertise and advanced technology solutions. ICF will leverage machine learning, advanced analytics, and data visualization to conduct rapid systematic reviews, modeling, and assessments on various risks related to chemical exposure. The company has a long-standing history of delivering chemical exposure assessment solutions to OPPT and looks forward to continuing this work to protect families and communities from potential risks.
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ICF (NASDAQ:ICFI) will release its fourth quarter and full year 2023 results on February 27, 2024, after the market close. The company plans to host a webcast call to discuss its financial results. Analysts and institutional investors can participate by registering online. General listeners can access the live webcast on the provided link.
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ICF (NASDAQ:ICFI) awarded a $78 million task order by the U.S. Department of Agriculture's U.S. Forest Service to modernize wildfire management applications and services. The company also announced a new $30 million blanket purchase agreement by the U.S. Department of the Interior to modernize the National Wildfire Coordinating Group's training systems. ICF has been partnering with USDA for over a decade, delivering cloud, open source, and low-code solutions grounded in customer experience, human-centered design, and a deep understanding of USDA's mission and program requirements.
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ICF (NASDAQ:ICFI) to participate in Sidoti Small Cap Conference with COO James Morgan hosting a virtual fireside chat on December 6.
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ICF (NASDAQ:ICFI) Awarded Multimillion-Dollar Agreements by HUD to Support Community Development and Housing Programs
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ICF (NASDAQ:ICFI) Awarded $32 Million Task Order from DHS to Combat Human Trafficking
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FAQ

What is the current stock price of ICF International (ICFI)?

The current stock price of ICF International (ICFI) is $119.52 as of December 20, 2024.

What is the market cap of ICF International (ICFI)?

The market cap of ICF International (ICFI) is approximately 2.3B.

What services does ICF International provide?

ICF International offers consulting and technology-based solutions including management consulting, marketing, technology implementation, and policy consulting.

Who are ICF International’s primary clients?

ICF's primary clients are U.S federal government departments and agencies, as well as commercial clients.

What markets does ICF International serve?

ICF serves in four key markets: Energy, Environment, Infrastructure and Disaster Recovery; Health and Social Programs; Security; and Other Civilian & Commercial.

What recent projects has ICF International undertaken?

ICF recently worked with the HHS on cloud migration and digital modernization of CMS systems and implemented energy efficiency programs for BGE and Entergy Arkansas.

How does ICF International support global health initiatives?

ICF delivers the Demographic and Health Surveys (DHS) Program for USAID, providing critical data for health, population, and nutrition programs worldwide.

What technology partnerships does ICF International have?

ICF is an Amazon Web Services (AWS) Advanced Tier Services Partner and collaborates with over 30 platform partners to deliver comprehensive cloud and data solutions.

How does ICF International contribute to environmental protection?

ICF works with the EPA to assess chemical hazards and environmental stressors using advanced data modeling and analysis tools like Litstream®.

What is ICF International's financial outlook?

ICF reported a 2% year-over-year revenue increase in Q1 2024, with a backlog of $3.6 billion and a book-to-bill ratio of 1.2, indicating strong growth prospects.

How does ICF International enhance digital infrastructure for clients?

ICF enhances digital infrastructure through services like website design, cloud solutions, and ensuring compliance with regulations such as the Americans with Disabilities Act.

What distinguishes ICF International from other consulting firms?

ICF combines deep domain expertise with cutting-edge technology and a collaborative approach among business analysts, policy specialists, digital strategists, and data scientists to solve complex challenges.

ICF International, Inc.

Nasdaq:ICFI

ICFI Rankings

ICFI Stock Data

2.28B
18.50M
1.39%
99.55%
2.47%
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