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ICF International, Inc. (ICFI) is a professional services company specializing in technology-based solutions and consulting services. The company addresses complex challenges across energy, environment, health, social programs, security, and commercial sectors. ICFI provides a wide range of services, including advisory, program implementation, analytics, digital transformation, and stakeholder engagement, tailored to meet the needs of government and commercial clients worldwide.
- Energy, Environment, Infrastructure, and Disaster Recovery - Provides consulting and implementation services for energy efficiency, clean energy, environmental management, and disaster recovery efforts.
- Health and Social Programs - Focuses on health promotion, treatment, cost control, and public health improvements across jurisdictions.
- Security and Other Civilian & Commercial - Delivers services related to homeland security, public safety, and commercial sector needs.
- With the $90 million revenue impact from federal contract terminations and pauses already realized, how confident are you in limiting the maximum downside risk to a 10% decline in 2025 revenues, and what specific measures are you implementing to mitigate further losses?
- You anticipate at least 15% growth from commercial energy, state and local, and international government clients in 2025; can you detail the factors driving this growth and any potential risks that could impede achieving these targets?
- Given the expected decline in federal government revenues, how do you plan to maintain staff morale and manage potential layoffs, and what impact might this have on your ability to deliver on current and future contracts?
- With significant contract terminations, especially with USAID, due to the new administration’s spending priorities, how are you adjusting your federal business strategy to address these changes, and do you expect further reductions beyond the $90 million already affected?
- Considering your increased share repurchase activity since November 2024, how are you balancing capital allocation between buybacks, potential acquisitions, and debt reduction amid the uncertain federal market environment?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Abt Associates | Operates in the same highly competitive and fragmented marketplace, serving key markets with overlapping service offerings. |
Competes in providing advisory and technology services, leveraging its significant resources and strong brand recognition. | |
Engages in similar markets with a focus on infrastructure and technical services, often competing for government and commercial contracts. | |
A major competitor in consulting and technology services, particularly in government and defense sectors. | |
Competes in technology and professional services, especially in federal government markets. | |
CLEAResult Consulting, Inc. | Specializes in energy efficiency and sustainability consulting, overlapping with energy-related services. |
Deloitte LLP | A significant competitor in consulting and advisory services with extensive resources and global reach. |
Competes in technology and consulting services, particularly in defense and government sectors. | |
Guidehouse | Operates in consulting and advisory services, often targeting government and commercial clients. |
HORNE | Competes in advisory and consulting services, particularly in niche markets. |
A major competitor in technology and consulting services, especially in government and defense markets. | |
PA Consulting Group | Engages in consulting and technology services, often competing in innovation and strategy projects. |
Competes in technology integration and consulting services, particularly in government sectors. | |
Research Triangle Institute | Operates in research and consulting services, often overlapping in government and scientific projects. |
A competitor in consulting and engineering services, particularly in environmental and infrastructure markets. | |
Westat, Inc. | Specializes in research and consulting services, often competing in government and social program markets. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
CMY Solutions, LLC | 2023 | The acquisition, completed on May 1, 2023, was made for $32.6 million in cash with $10.3 million in intangible assets, $1.2 million in net working capital, and $21.1 million of goodwill to enhance power and energy advisory services. |
Blanton & Associates | 2022 | Completed on September 1, 2022, this deal included $5.8 million in goodwill and $11.4 million in intangible assets and was strategically aimed at expanding ICF’s environmental consulting capabilities and strengthening its presence in Texas. |
SemanticBits | 2022 | Finalized on July 13, 2022, for $220 million in cash (subject to post-closing working capital adjustments) and funded by ICF's credit facility, the acquisition bolsters digital modernization for federal health agencies with $144.6 million in goodwill and $63.0 million in intangible assets. |
Creative Systems and Consulting | 2022 | Although the acquisition was completed on December 31, 2021—with its impact reflected in 2022—the final adjusted price was $156.6 million, allocated as $128.1 million in goodwill and $28.9 million in intangible assets, enhancing ICF’s IT modernization and digital transformation capabilities for federal agencies. |
Recent developments and announcements about ICFI.
8-K Filings
8-K Filing
·Mar 11, 2025, 8:45 PMFinancial ExhibitsLeadership ChangesView full 8-K filing →ICF International’s Board now comprises 8 members following the appointment of Caroline Angoorly as a Class I director, effective March 6, 2025. Angoorly’s expertise in energy and infrastructure will be key through the 2025 annual meeting.
Press Releases
Press Release
·3 days agoView full press release →ICFI secures recompete contracts valued at $35M+ with a large Southern utility to deliver advanced DSM programs using its AI-powered analytics platform, enhancing energy savings and program performance.