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 Selected for Maryland Digital Modernization Contract
ICFI
New Projects/Investments
- ICF has been chosen as one of eight prime awardees for the state of Maryland's $300 million ceiling digital experience contract.
- The contract has a nine-year term, comprising a five-year base and two two-year options.
- ICF will utilize agile methodologies, human-centered design, enterprise architecture, and digital product management to enhance citizen interaction with government services across Maryland's digital platforms.
4 days ago
ICF International Discusses 2025 Performance and 2026 Outlook at Sidoti Conference
ICFI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- ICF International projects its non-federal client revenues, which comprised 55% of year-to-date 2025 revenues, to grow at a mid-teens rate for 2025 and further increase to north of 60% in 2026, primarily driven by growth in energy and international business.
- The company faced a $125 million impact in 2025 from federal actions and an $8 million per month impact from the government shutdown, though federal IT modernization is anticipated to return to low single-digit growth in 2026.
- Key growth drivers include rapid load growth demand from data center construction, electrification efforts, and grid modernization in the commercial energy sector, alongside significant disaster recovery work supporting over 90 programs in more than 20 states and territories.
- ICF aims to maintain its Adjusted EBITDA margin similar to 2024's 11.2% while investing in growth areas such as energy efficiency and AI, and its capital allocation priorities include quarterly dividends, share repurchases, debt reduction, and M&A focused on energy and disaster recovery.
Dec 10, 2025, 2:15 PM
ICF International Discusses 2025 Performance and 2026 Outlook
ICFI
Guidance Update
New Projects/Investments
M&A
- ICF International, a professional and technology services firm, generates approximately $1.9 billion in annual revenues and employs 9,000 professionals.
- The company anticipates non-federal client revenues to grow approximately 15% year-over-year for 2025, projecting this segment to increase from 55% of total revenue to north of 60% in 2026. This growth is primarily driven by the commercial energy business (especially energy efficiency programs for utilities) and disaster recovery work.
- ICFI experienced a $125 million impact in 2025 from federal actions (DOGE and executive orders) and an $8 million per month impact from the government shutdown, mainly affecting USAID and ENERGY STAR contracts. The federal IT modernization business is expected to achieve low single-digit growth in 2026.
- Capital allocation priorities include quarterly dividends, share repurchases to offset employee incentive plans, debt reduction, and strategic investments in energy efficiency and AI capabilities (ICF Fathom toolkit). The company is actively pursuing M&A opportunities in energy and disaster recovery/infrastructure for state and local markets.
Dec 10, 2025, 2:15 PM
ICF International Discusses 2025 Performance and 2026 Outlook at Sidoti Conference
ICFI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- ICF International, a professional and technology services firm with approximately $1.9 billion in annual revenues, anticipates its non-federal government client revenues, which accounted for 55% of year-to-date 2025 revenues, to grow at a mid-teens rate for 2025 and exceed 60% in 2026.
- This non-federal growth is primarily driven by commercial energy efficiency programs, disaster recovery work (supporting over 90 programs in 20+ states), and international business. The company expects its disaster recovery procurement response pace to increase by over 10% year over year.
- ICFI plans to maintain its Adjusted EBITDA margin similar to the 2024 level of 11.2% by investing in growth areas such as energy efficiency and AI, and streamlining back-office operations.
- Capital allocation priorities include quarterly dividends, share repurchases, debt reduction, and M&A, with a strategic focus on energy and disaster management/infrastructure opportunities.
Dec 10, 2025, 2:15 PM
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
Quarterly earnings call transcripts for ICF International.
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