ICF Int'l (ICFI) Makes Bid to Acquire GHK Holdings; Boosts FY12 Revs Outlook
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Price: $89.01 -0.07%
Financial Fact:
Operating income: 23.78M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Operating income: 23.78M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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ICF International (Nasdaq: ICFI), is making a cash offer to acquire all of the shares of GHK Holdings Limited (GHK). With its headquarters in London, GHK is a multi-disciplinary consultancy serving government and commercial clients on environment, employment, health, education and training, transportation, social policy, business and economic development, and international development issues. The transaction is expected to close by the end of the first quarter, 2012.
Taking into account both the planned acquisition of GHK and the recent acquisition of Ironworks Consulting, ICF is increasing its preliminary guidance for 2012 revenues to the range of $1.0 billion to $1.04 billion from the prior $910 million to $940 million range and is increasing its expected EBITDA margin range to 9.5 percent to 10.5 percent from the prior 9 percent to 10 percent range. ICF will provide 2012 earnings per share guidance when it releases its fourth quarter and full year 2011 results after the close of market on Wednesday, February 29, 2012.
The Street sees revs of $970.6 million and EPS of $2.05.
Taking into account both the planned acquisition of GHK and the recent acquisition of Ironworks Consulting, ICF is increasing its preliminary guidance for 2012 revenues to the range of $1.0 billion to $1.04 billion from the prior $910 million to $940 million range and is increasing its expected EBITDA margin range to 9.5 percent to 10.5 percent from the prior 9 percent to 10 percent range. ICF will provide 2012 earnings per share guidance when it releases its fourth quarter and full year 2011 results after the close of market on Wednesday, February 29, 2012.
The Street sees revs of $970.6 million and EPS of $2.05.
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