ICF International, Inc. - ICFI STOCK NEWS

ICF reported impressive fourth quarter and full year results for 2022, with total revenue of $476 million in Q4, a 22.6% increase from $388 million in Q4 2021. Service revenue reached $339 million, up 24%. Full year revenue totaled $1.78 billion, up 14.6% year-over-year. Net income for Q4 was $8.9 million, and non-GAAP EPS rose 31% to $1.56. The company achieved record contract awards of $2.3 billion, with a book-to-bill ratio of 1.32. Looking ahead, ICF anticipates double-digit revenue growth in 2023, with GAAP EPS projected between $4.75 and $5.05.

ICF has been awarded an indefinite delivery, indefinite quantity (IDIQ) contract by the U.S. EPA Office of Water, valued at $31 million over five years. This recompete contract will enhance ICF's capacity to assess health risks associated with water contaminants in U.S. drinking and recreational waters. Combining its environmental health expertise with advanced data analytics and machine learning technologies, ICF aims to facilitate better understanding and decision-making around water quality. ICF has been collaborating with the EPA for nearly 30 years to improve public health and environmental safety.

The New York State Department of Transportation (NYSDOT) has awarded ICF a $29 million contract to develop an equitable transportation mobility services program over five years, with a potential one-year extension. The initiative aims to enhance existing traveler assistance programs like 511NY Rideshare by incorporating traditional and emerging mobility options, including carpooling and e-scooter sharing. This project aligns with NYSDOT's climate and mobility goals, leveraging ICF’s extensive expertise in research and data analytics to minimize air quality impacts and improve transportation efficiency. ICF looks forward to continuing its long-standing partnership with NYSDOT.

ICF (NASDAQ: ICFI) has appointed John Auerbach as a senior executive and strategic adviser for its U.S. federal health business. Auerbach previously directed intergovernmental and strategic affairs at the CDC, where he led engagement with various health agencies. His role at ICF will focus on guiding growth in federal health markets and offering insights into challenges faced by federal health agencies. Auerbach emphasizes the urgent need for accurate data to address public health challenges. ICF aims to leverage his experience to enhance its health consulting capabilities, reflecting its commitment to improving health outcomes.

ICF Awarded $51 Million Disaster Management Contract

On January 30, 2023, ICF, a global consulting and technology services provider, received a $51 million contract from the Puerto Rico Department of Housing (PRDOH). This three-year contract aims to support the commonwealth's single-family disaster recovery and mitigation programs following hurricanes Irma and Maria. ICF's responsibilities include expanding its implementation support for Community Development Block Grant programs, focusing on repairing homes and enhancing resilience against future disasters. This contract underscores ICF's ongoing partnership with PRDOH to facilitate recovery efforts and build local capacity.

ICF, a global consulting and technology services provider, is set to release its fourth quarter and full year 2022 results on February 28, 2023, after market close. A webcast will follow at 4:30 p.m. Eastern Time on the same day to discuss the financial results. Analysts can register for participation, while general audiences can access the live webcast online. Investors can expect earnings results to be available prior to the call. ICF emphasizes its role in helping clients navigate complex challenges with an integrated approach involving industry experts and digital capabilities, utilizing over 9,000 employees.

ICF has been awarded a $161 million task order by the National Cancer Institute (NCI) for digital modernization services. This contract, the first under the Center for Biomedical Informatics and Information Technology blanket purchase agreement, extends over five years with multiple options. ICF will collaborate with CBIIT to enhance research and administrative processes, aiming to centralize data science and IT tools. The executive vice president highlighted the importance of this partnership in advancing cancer research and improving health outcomes. This award reinforces ICF's position as a leader in providing technology solutions to federal health clients.

ICF announces key leadership changes, naming Mark Lee as Chief Technology Executive and Jennifer Welham as head of the Health, Human Services, and Workforce business.

Lee will enhance technology capabilities and support growth in the federal digital modernization sector, having previously integrated numerous technology acquisitions. Welham, leading a team with significant contract wins, will focus on U.S. federal health programs, including services for the Department of Health and Human Services.

These appointments aim to leverage their expertise to drive innovation and deliver impactful solutions for clients across all markets.

The U.S. Air Force has awarded ICF a new task order worth $25 million for centralized environmental management support services at various bases in the U.S. and the Middle East. The contract term is 66 months, comprising a 12-month base period and four additional 12-month options, plus a six-month option. ICF will leverage its expertise to ensure compliance with local, federal, and international environmental regulations. This award highlights ICF's commitment to environmental management and public health in support of the Air Force Central Command's operations.