The earnings call highlighted significant growth in commercial energy and improvements in cash management. However, these positive aspects were tempered by substantial declines in federal revenues and overall revenue. While the company is optimistic about future growth, particularly in commercial energy and international government contracts, the challenges in the federal sector remain a concern.

Company Guidance

During the second quarter 2025 earnings call, ICF provided guidance indicating that their business outlook has improved. They reported a stable revenue compared to the first quarter and an increase of 13.8% in revenues from commercial, state and local, and international government clients, which accounted for 57% of total revenues. The commercial energy segment grew by 27% year-on-year due to increased demand for energy efficiency programs. Adjusted EBITDA margin expanded by 20 basis points, and the company maintained a strong book-to-bill ratio of 1.3. The federal government segment experienced a decline in revenues, but there was a positive pickup in procurement activity towards the end of the quarter. For the full year, ICF anticipates that revenues will not decline by as much as 10% from 2024 levels, with GAAP and non-GAAP EPS likely at the higher end of their guidance framework, driven by robust demand from commercial energy clients and effective cost management.

Commercial Energy Revenue Growth

Revenue from commercial energy clients increased by 27% year-on-year, driven by strong demand for energy efficiency programs, electrification, and grid resilience.

Consistent Book-to-Bill Ratio

The company achieved a strong book-to-bill ratio of 1.3, indicating confidence in future business outlook for 2025.

Adjusted EBITDA Margin Expansion

Adjusted EBITDA margin expanded by approximately 20 basis points year-on-year, reflecting favorable business mix and cost management initiatives.

International Government Growth

Second quarter revenues from international government clients increased by 2%, with new task orders from the European Union and the U.K. government expected to benefit future revenues.

Strong Cash Management

Operating cash flow in the second quarter was $52 million, an improvement of approximately $85 million from the first quarter of 2025.

Icf International (ICFI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ICFI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.74 / -	2.13	―	―	―
Jul 31, 2025	2025 (Q2)	1.57 / 1.66	1.69	-1.78% (-0.03)	―
May 01, 2025	2025 (Q1)	1.73 / 1.94	1.77	9.60% (+0.17)	―
Feb 27, 2025	2024 (Q4)	1.86 / 1.87	1.68	11.31% (+0.19)	―
Oct 31, 2024	2024 (Q3)	1.89 / 2.13	1.81	17.68% (+0.32)	―
Aug 01, 2024	2024 (Q2)	1.49 / 1.69	1.57	7.64% (+0.12)	―
May 02, 2024	2024 (Q1)	1.46 / 1.77	1.42	24.65% (+0.35)	―
Feb 27, 2024	2023 (Q4)	1.63 / 1.68	1.56	7.69% (+0.12)	―
Nov 02, 2023	2023 (Q3)	1.62 / 1.81	1.61	12.42% (+0.20)	―
Aug 03, 2023	2023 (Q2)	1.45 / 1.57	1.33	18.05% (+0.24)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ICFI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$83.89	$88.45	+5.44%
May 01, 2025	$85.14	$79.72	-6.37%
Feb 27, 2025	$99.64	$79.00	-20.71%
Oct 31, 2024	$167.85	$167.04	-0.48%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Icf International (ICFI) report earnings?

Icf International (ICFI) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Icf International (ICFI) earnings time?

Icf International (ICFI) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ICFI EPS forecast?

ICFI EPS forecast for the fiscal quarter 2025 (Q3) is 1.74.

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