ICF International Reports Strong 2024 Financial Results

Icf International ( (ICFI) ) has released its Q4 earnings. Here is a breakdown of the information Icf International presented to its investors.

ICF International is a global consulting and technology services company, specializing in energy, environment, infrastructure, and disaster recovery, with a strong presence in both public and private sectors. In its latest earnings report, ICF International announced a 4% increase in fourth-quarter revenue to $496 million and an 11% rise in net income to $24.6 million. The full-year results showed a 3% revenue increase to $2 billion and a 33% increase in net income to $110 million. The company also highlighted its recent acquisition of Applied Energy Group, which is expected to enhance its capabilities in serving utility and government clients. Key financial metrics for the year included a 12% increase in EBITDA to $221.1 million and a 6% rise in adjusted EBITDA to $226 million. The company also achieved a book-to-bill ratio of 1.24 with $2.5 billion in contract awards. Looking forward, ICF anticipates a challenging 2025 due to potential funding curtailments from federal government clients but expects growth in commercial energy, state, local, and international government sectors. The company plans to manage expenditures to maintain similar adjusted EBITDA margins as in 2024.