ICF International Reports Strong Q1 2025 Results

Icf International ( (ICFI) ) has released its Q1 earnings. Here is a breakdown of the information Icf International presented to its investors.

ICF International is a global consulting and technology services company, known for its expertise in energy efficiency programs and a diverse range of advisory services across various sectors, including government and commercial clients. In the first quarter of 2025, ICF reported revenues of $488 million, with a notable 21% growth in commercial energy services. The company maintained its full-year guidance framework, despite a 12.6% decline in federal government revenue due to changes in spending priorities. Key financial highlights include a net income of $27 million, GAAP EPS of $1.44, and a non-GAAP EPS of $1.94. The adjusted EBITDA margin was 11.3% of total revenues, slightly above the previous year. ICF secured $467 million in contract awards, with a book-to-bill ratio of 0.96, and its business development pipeline exceeded $10 billion. Looking forward, ICF remains optimistic about its growth prospects, expecting a 15% increase in revenues from commercial energy, state, local, and international government clients, which is anticipated to offset the decline in federal government revenues.