UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-33045 ICF International, Inc. (Exact name of Registrant as Specified in its Charter) Delaware 22-3661438 (State or Other Jurisd ...

Company Performance - ICF International (ICFI) reported quarterly earnings of $1.94 per share, exceeding the Zacks Consensus Estimate of $1.74 per share, and up from $1.77 per share a year ago, representing an earnings surprise of 11.49% [1] - The company posted revenues of $487.62 million for the quarter ended March 2025, slightly missing the Zacks Consensus Estimate by 0.02%, and down from $494.44 million year-over-year [2] - Over the last four quarters, ICF has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Outlook - ICF shares have declined approximately 28.7% since the beginning of the year, compared to a 5.3% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.63 on revenues of $481.39 million, and for the current fiscal year, it is $6.97 on revenues of $1.93 billion [7] - The estimate revisions trend for ICF is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Government Services industry, to which ICF belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact ICF's stock performance [5]

ICF International (ICFI) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Speaker0 Welcome to the First Quarter twenty twenty five ICF Earnings Conference Call. My name is Corinne, and I will be your operator for today's call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raise ...

Exhibit 99.1 NEWS RELEASE ICF Reports First Quarter 2025 Results ―Revenue Metrics In Line with Expectations, Led by 21% Growth in Commercial Energy― ―Margins Benefited From Favorable Business Mix― ―Maintains Full Year Guidance Framework for 2025― First Quarter Highlights: RESTON, Va., May 1, 2025—ICF (NASDAQ: ICFI), a global consulting and technology services provider, reported results for the first quarter ended March 31, 2025. Commenting on the results, John Wasson, chair and chief executive officer, said ...

Earnings Release - ICF International, Inc. will release its Q4 and full year 2024 earnings results on February 27, 2025, after market close[6] - A conference call to discuss the results will be held at 4:30 p.m. Eastern Time on the same day[6]

| Date: | Thursday, May 1, 2025 | | --- | --- | | Time: | 4:30 p.m. Eastern Time | | Audio-only Webcast: | https://edge.media-server.com/mmc/p/w57qgdwz | | Participant | https://register-conf.media | | Registration: | server.com/register/BI9504088ad3834e789bb0473b16ef5d9b | RESTON, Va., March 31, 2025 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and technology services provider, will release its first quarter 2025 results on Thursday, May 1, 2025, after the market close. The Company plans to host ...

Company Will Leverage Advanced Analytics and AI to Optimize Energy Savings RESTON, Va., March 17, 2025 /PRNewswire/ -- A large Southern electric utility has awarded global consulting and digital services provider ICF (NASDAQ:ICFI) two recompete contracts valued at over $35 million to deliver its residential and commercial demand-side management (DSM) programs. ICF will continue delivering leading-edge DSM programs for the utility, driven by the company's proprietary cloud-based, AI-powered customer analytic ...

Caroline Angoorly Brings Four Decades of Experience Shaping Corporate Growth Strategies  RESTON, Va., March 11, 2025 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and digital services provider, announced today that it has named Caroline Angoorly to its board of directors. Angoorly brings deep expertise in the energy, power market, infrastructure, and environment sectors, as well as in developing business strategies that drive growth, profit and impact. "As ICF continues to see momentum in our util ...

European Commission and the Government of the United Kingdom Select Company to Provide Technology-Enabled Services RESTON, Va., March 3, 2025 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and digital services provider, is pleased to announce two significant wins with a combined ceiling value of over $210 million, one with the European Commission and the other with the U.K. Government. The contracts were awarded in the first quarter of 2025 and fourth quarter of 2024. Both have a four-year period of ...

Revenue Sources - The company derived approximately 54%, 55%, and 55% of its revenue from federal government contracts in 2024, 2023, and 2022, respectively[97]. - The company also generated around 21% of its revenue from state and local government contracts in each of the years 2024, 2023, and 2022[97]. - Approximately 25% of the company's revenue in 2024 came from commercial clients outside the U.S., consistent with 24% in 2023 and 2022[116]. - In 2024, 46% of the company's total revenue was derived from fixed-price contracts, compared to 45% in both 2023 and 2022[114]. - Approximately 7% of the company's revenue was generated from international operations, with a potential 10% fluctuation in the U.S. dollar affecting revenue by approximately $15.1 million[248]. Risks and Challenges - The company faces risks related to government budgeting and spending priorities, which could lead to delays or cancellations of expected funding, impacting revenue and profit[95]. - Competitive bidding processes for contracts can impose substantial costs and risks, potentially affecting profit margins and revenue[106]. - The company’s backlog is subject to uncertainties, and there is a risk of not receiving the expected revenue, which could adversely affect operating results[109]. - Contracts may contain provisions allowing clients to terminate them at their convenience, which could lead to revenue loss[112]. - Relationships with other contractors are crucial, and disruptions could result in reputational damage and contract terminations[113]. - The company’s revenue from government clients may be affected by changes in spending priorities and budget constraints, leading to potential contract terminations or payment delays[97]. - The company faces potential contract cost overruns due to various factors, which could materially impact business and earnings[115]. - The company has experienced growth in disaster recovery services, which may increase the risk of claims, audits, and investigations[120]. - The company faces risks related to health epidemics and pandemics, which may adversely affect demand for services and global supply chains[149]. Financial Position - Goodwill and purchased intangibles accounted for approximately 60% and 4% of the company's total assets, respectively, as of December 31, 2024[132]. - As of December 31, 2024, the company had an outstanding indebtedness of $411.7 million, maturing on May 6, 2027[134]. - A 1% increase in interest rates would increase interest expense by approximately $4.8 million, impacting annual net income and operating cash flows by a comparable amount[246]. - The company has seven interest rate swap agreements with a total notional amount of $275.0 million to hedge against interest rate changes[246]. - The company may not pay special or regular dividends in the future, as the declaration of dividends is subject to the Board's discretion based on future earnings and cash flows[137]. Operational and Strategic Considerations - The company’s growth strategy includes expanding services to new clients and geographic locations, which may increase operational demands and risks[100]. - The company’s ability to secure future contracts is heavily reliant on maintaining client relationships and professional reputation[103]. - The company may face integration challenges and increased liabilities from strategic acquisitions, which could adversely affect revenue and operating results[130]. - The company has been the target of cyberattacks in the past and anticipates continued threats, necessitating additional resources for cybersecurity[125]. - The company’s reliance on cyclical industries for commercial work may lead to substantial revenue and profit variations[116]. - The company's ability to attract and retain qualified employees is critical, as failure to do so may increase costs and affect service delivery[138]. - Changes in U.S. tax laws could adversely affect the company's financial condition and results of operations[140]. - The company relies on key senior management, and effective succession planning is essential for long-term success[139]. - The company’s charter documents contain provisions that may deter potential acquisition bids, potentially affecting the market price of its common stock[133]. Regulatory and Compliance Issues - The company is subject to various privacy and data protection laws, with potential fines up to 4% of annual worldwide revenue under the GDPR for non-compliance[126]. - The company is exposed to fluctuations in foreign exchange rates, which could impact revenue and profits due to operations in currencies other than the U.S. dollar[247].