earnings
confidence high
sentiment negative
materiality 0.80
ICF Q3 rev down 10% to $465M; NEOs take 20% pay cut; CFO retiring, new CFO named
ICF International, Inc.
2025-Q3 EPS reported
$4.01
revenue$1,429,178,000
- Q3 revenue $465.4M (-10% YoY); GAAP EPS $1.28 vs $1.73; Non-GAAP EPS $1.67 vs $2.13; federal revenue fell 29.8%.
- Commercial revenue up 20.9% to $156.6M (33.7% of total); energy revenue up 24.3%; contract awards $714M (book-to-bill 1.53).
- Maintains FY2025 guidance; expects return to growth in 2026. Revises operating cash flow to $125-150M; Oct shutdown impact ~$8M revenue.
- NEOs (incl. CEO Wasson) taking 20% temporary base salary reduction during government shutdown effective immediately.
- CFO Barry Broadus retiring; James Morgan to become CFO after FY2025 results; Anne Choate promoted to President.