Earnings summaries and quarterly performance for ICF International.
Executive leadership at ICF International.
John Wasson
Detailed
Chair, President and Chief Executive Officer
CEO
Anne Choate
Detailed
President
Barry Broadus
Detailed
Executive Vice President and Chief Financial Officer
James Morgan
Detailed
Chief Operating and Financial Officer
Ranjit Chadha
Detailed
Vice President and Corporate Controller, Principal Accounting Officer
Sergio Ostria
Detailed
Executive Vice President – Growth, Marketing & Innovation
Board of directors at ICF International.
Research analysts who have asked questions during ICF International earnings calls.
Marc Riddick
Sidoti & Company, LLC
4 questions for ICFI
Also covers: ABM, BBSI, BEEP +14 more
Tobey Sommer
Truist Securities, Inc.
4 questions for ICFI
Also covers: AMN, AMTM, ASGN +26 more
Joseph Vafi
Canaccord Genuity - Global Capital Markets
3 questions for ICFI
Also covers: ADV, ALIT, ASGN +20 more
Kevin Steinke
Barrington Research
3 questions for ICFI
Also covers: ACCO, BEEP, CCRN +9 more
Samuel Kusswurm
William Blair
2 questions for ICFI
Also covers: AMRC, NVEE
Sam Kusswurm
William Blair & Company
1 question for ICFI
Also covers: BCO, EME, MEG
Timothy Mulrooney
William Blair & Company
1 question for ICFI
Also covers: ABM, APG, BBCP +13 more
Recent press releases and 8-K filings for ICFI.
ICF International: Transition Industries and Mitsubishi Gas Chemical Sign Ultra-Low Carbon Methanol Agreement
ICFI
New Projects/Investments
- Transition Industries LLC and Mitsubishi Gas Chemical Company, Inc. (MGC) have signed a long-term agreement for the purchase and sale of ultra-low carbon methanol.
- Under the agreement, Transition Industries will supply MGC with approximately 1 million tons per year of ultra-low carbon methanol from the Pacifico Mexinol project, with operations anticipated to begin in 2029.
- The Pacifico Mexinol project is expected to become the world's largest single ultra-low carbon chemicals facility, producing 350,000 tons of green methanol and 1.8 million tons of blue methanol annually.
- This agreement marks MGC's first large-scale, long-term acquisition contract for ultra-low carbon methanol, making it a key off-take partner for the project.
Nov 6, 2025, 1:15 PM
ICFI Reports Q3 2025 Results, Announces CFO Retirement, and Maintains 2025 Guidance
ICFI
Earnings
CFO Change
Guidance Update
- ICFI reported Q3 2025 revenues of $465.4 million, a decrease from $517 million in Q3 2024, primarily driven by a 29.8% decline in federal government revenues.
- The company's business mix continued to shift, with revenues from commercial, state and local, and international government clients increasing 13.8% year-on-year and accounting for 57% of Q3 revenues, led by a 24% increase in commercial energy revenues.
- Adjusted EBITDA margin expanded 10 basis points to 11.4%, and non-GAAP EPS was $1.67.
- The ongoing government shutdown is estimated to reduce October 2025 revenue by approximately $8 million and gross profit by $2.5 million. Despite this, ICFI maintained its original 2025 guidance framework for revenues and non-GAAP EPS and expects a return to growth in 2026.
- CFO Barry Broadus is retiring, with COO James Morgan appointed to take on the additional CFO role following the publication of full-year 2025 financial results.
Oct 30, 2025, 8:30 PM
ICF International, Inc. Reports Third Quarter 2025 Results and Announces Leadership Changes
ICFI
Earnings
Guidance Update
Management Change
- For Q3 2025, ICF reported revenue of $465.4 million and GAAP diluted EPS of $1.28. Non-GAAP EPS was $1.67.
- Commercial revenue increased 20.9% year-over-year to $156.6 million, while U.S. federal government revenue decreased 29.8% year-over-year to $198.0 million.
- Total contract awards for the quarter were $714 million, resulting in a book-to-bill ratio of 1.53, and total backlog stood at $3.5 billion at the end of Q3 2025.
- The company maintained its 2025 guidance framework, expecting a 10% decline in revenues and EPS from 2024 levels, but anticipates a return to revenue and earnings growth in 2026.
- ICF declared a quarterly cash dividend of $0.14 per share and announced that James Morgan will assume the additional role of CFO after the full year 2025 results, with Anne Choate becoming president.
Oct 30, 2025, 8:09 PM
ICF Reports Third Quarter 2025 Results, Announces Management Changes
ICFI
Earnings
Guidance Update
CFO Change
- ICF reported Q3 2025 revenue of $465.4 million, net income of $23.8 million, and diluted GAAP EPS of $1.28. Non-GAAP EPS was $1.67, and Adjusted EBITDA was $53.2 million, or 11.4% of total revenues.
- Revenues from commercial clients and state & local and international government clients increased 14%, comprising 57% of Q3 revenues, with commercial energy clients' revenue up 24%. U.S. federal government revenue declined 29.8% year-over-year.
- Contract awards for the quarter totaled $714 million, yielding a book-to-bill ratio of 1.53, and the total backlog reached $3.5 billion. ICF maintains its 2025 guidance and anticipates a return to revenue and earnings growth in 2026.
- James Morgan will assume the additional role of CFO, and Anne Choate will become president following the publication of ICF's full year 2025 financial results.
Oct 30, 2025, 8:05 PM
IFC and Appian Launch $1 Billion Critical Minerals Fund
ICFI
New Projects/Investments
- Appian Capital Advisory and the World Bank's International Finance Corporation (IFC) have launched a $1 billion fund targeting critical mineral projects in Africa and Latin America.
- The fund will focus on minerals such as nickel, copper, cobalt, and rare earth elements, which are crucial for clean energy and digital technology.
- IFC is anchoring the fund with $100 million, marking its first private mining partnership, and all investments will adhere to IFC's stringent environmental, social, and governance (ESG) standards.
- The fund's initial investment is in Atlantic Nickel's Santa Rita mine in Brazil, a major nickel-copper-cobalt operation.
Oct 21, 2025, 7:37 AM
IFC and Appian Launch US$1 Billion Critical Minerals Fund
ICFI
New Projects/Investments
- Appian Capital Advisory Limited and International Finance Corporation (IFC) have launched a new critical minerals, metals, and mining fund for emerging markets with a total capital commitment of up to US$1 billion.
- The IFC will anchor the fund with an initial contribution of US$100 million.
- The fund will invest across equity, credit, and royalties in metals, mining, and adjacent industries across emerging markets, focusing on Africa and Latin America, with all investments subject to IFC's rigorous ESG and performance standards.
- The fund's first investment is in Atlantic Nickel's Santa Rita project in Brazil, a nickel-copper-cobalt asset with a projected 30+ year mine life.
Oct 21, 2025, 7:30 AM
Consortium Invests in Polish Healthcare Provider POLMED
ICFI
New Projects/Investments
M&A
- A consortium consisting of INVL Private Equity Fund II, the International Finance Corporation (IFC), and Accession Capital Partners (ACP) has signed an agreement to invest in POLMED, one of Poland’s largest private providers of multi-profile medical services.
- The investment will provide expansion capital to finance POLMED's acquisition of KN Group, a leading privately-owned oncology center.
- POLMED generated more than EUR 100 million in revenues in 2024 and operates a network of 38 facilities, serving over 4 million patients annually.
- Upon completion, INVL Private Equity Fund II, IFC, and ACP will each hold significant minority stakes, while POLMED’s founder and president, Radosław Szubert, and co-founder, Romuald Magdoń, will remain majority shareholders.
- The transaction is subject to merger approval from the Polish Office of Competition and Consumer Protection.
Oct 2, 2025, 2:07 PM
ICF Awarded Contract for Southern California Energy Programs
ICFI
New Projects/Investments
- ICF (NASDAQ:ICFI) was awarded a new, multi-year contract valued at $40 million in the second quarter of 2025.
- The contract is for implementing large-scale residential energy and electrification upgrades across six Southern California counties.
- This initiative aims to help thousands of households reduce energy bills and lessen strain on the electric grid.
- ICF will utilize its Sightline® platform and advanced digital twin technology for the program.
Aug 25, 2025, 8:05 PM
ICF International Inc. Navigates Federal Business Headwinds with Strong Non-Federal Growth
ICFI
Guidance Update
Revenue Acceleration/Inflection
Demand Weakening
- ICF International, a professional services and technology services company with nearly $2 billion in revenue, anticipates a mid-single digit revenue decline and flat earnings for 2025, considering it a "transition year" with a return to growth expected in 2026.
- The company's non-federal business (commercial, state and local, international), representing 55% of revenue, is projected to grow approximately 15% in 2025, driven by 25%+ growth in commercial energy (due to data centers) and 20% growth in international revenues. This segment is expected to continue double-digit growth over the next five years.
- The US federal business, comprising 43-45% of revenue, has been impacted by $117 million in contract cancellations for 2025 revenue, primarily in programmatic areas like HHS (down 25%+), though the pace of cancellations has largely stopped. Federal IT modernization, while down 5-10% this year, is expected to rebound in 2026.
- Despite federal headwinds, ICF expects to maintain its margins in 2025, with Q2 margins 20 basis points ahead of last year, benefiting from the higher-margin commercial business.
Aug 13, 2025, 2:25 PM
ICF International outlines growth and margin guidance at Sidoti virtual conference
ICFI
Guidance Update
Demand Weakening
Revenue Acceleration/Inflection
- Nonfederal revenues expected to grow ~15% in 2025, driven by utilities’ energy efficiency, electrification, flexible load management and commercial/industrial programs.
- Federal segment experienced $115 million of revenue losses through May 1, 2025, primarily from USAID contract terminations and stop-work orders.
- IT modernization revenues forecast mid-to-high single-digit decline in 2025, with management expecting a return to growth in 2026 as procurement cycles resume.
- Disaster recovery identified as a growth area, as funding responsibilities shift from federal to state and local governments, leveraging ICF’s program-management expertise.
- Adjusted EBITDA margins expected to remain stable year-over-year, supported by rapid cost-structure realignments and a shift toward more profitable commercial, fixed-price contracts.
Jun 12, 2025, 2:31 PM
Quarterly earnings call transcripts for ICF International.
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