earnings
confidence high
sentiment positive
materiality 0.80
ICF Q2 revenue +18% to $500M, Non-GAAP EPS $1.57 +18%; reaffirms FY guidance, declares $0.14 dividend
ICF International, Inc.
2023-Q2 EPS reported
$1.94
revenue$983,367,000
- Revenue $500.1M (+18% YoY); Non-GAAP EPS $1.57 (+18%), inclusive of $0.21/share tax benefit.
- Net income $20.3M, diluted EPS $1.07; EBITDA $47.5M (+19.2%); Adjusted EBITDA $51.0M (+15.3%).
- Signed definitive agreement to sell Commercial Marketing Group (~$70M projected 2023 rev); acquired CMY (power engineering).
- Contract awards $441M in Q2; TTM book-to-bill 1.3; record pipeline $10.3B.
- FY2023 guidance reaffirmed: rev $1.93-2.0B, Non-GAAP EPS $6.15-6.45; dividend $0.14/share (pay Oct 13, record Sep 8).