ICF International (NASDAQ: ICFI) reported Q1 EPS of $0.87, $0.10 better than the analyst estimate of $0.77. Revenue for the quarter came in at $341.3 million versus the consensus estimate of $328.47 million.

• Total Revenue Was $341 Million, up 13 Percent
• Diluted EPS Increased 23 Percent to $0.80; Non-GAAP EPS¹ Was $0.87, up 13 Percent
• Adjusted EBITDA Margin on Service Revenue¹ Was 11.8 Percent, up 60-Basis Points Year-on-Year
• Contract Awards of $289 Million; TTM Contract Awards Were $1.8 Billion For a Book-to-Bill Ratio of 1.3

"We expect the catalysts that led to our strong first quarter performance to continue to drive significant growth and margin expansion in 2019. Our existing contract backlog provides considerable visibility, and our record business development pipeline reflects ICF's increasing scale, deep subject matter expertise, and the cross-cutting implementation capabilities that we bring to both government and commercial client contracts.

"For 2019, we reaffirm our guidance for total revenue of $1.45 billion to $1.50 billion, GAAP earnings per diluted share of $3.75 to $3.95 exclusive of any special charges, and Non-GAAP diluted EPS of $4.05 to $4.25. Per-share guidance is based on a weighted average number of shares outstanding of 19.3 million. Operating cash flow is projected to be in the range of $100 million to $120 million. Full year 2019 guidance does not include any significant new disaster recovery-related contract wins or major contract expansions that might occur," concluded Mr. Kesavan.

GUIDANCE:

ICF International sees FY2019 EPS of $4.05-$4.25, versus the consensus of $4.18. ICF International sees FY2019 revenue of $1.45-1.5 million, versus the consensus of $1.46 million.

For earnings history and earnings-related data on ICF International (ICFI) click here.