ICF Reports Second Quarter 2020 Results

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Go back to ICF Reports Second Quarter 2020 Results

ICF International (ICFI) Tops Q2 EPS by 17c, Revenues Beat; Reaffirms FY20 EPS/Revenue Guidance

August 4, 2020 4:40 PM EDT

ICF International (NASDAQ: ICFI) reported Q2 EPS of $0.89, $0.17 better than the analyst estimate of $0.72. Revenue for the quarter came in at $353.99 million versus the consensus estimate of $350.45 million.

Second Quarter Highlights:

Total Revenue Was $354 Million, Down 3.5% Primarily Reflecting Lower Pass-Through RevenuesService Revenue¹ Up 3.5% Led by Growth in Revenues from Federal Government and Commercial Energy ClientsDiluted EPS of $0.72; Non-GAAP EPS¹ Was $0.89EBITDA¹ Increased 3.7%; Adjusted EBITDA¹ Stable Year-over-YearAdjusted EBITDA Margin on Service Revenue¹ Was 12.4%Contract Awards of $282 Million; TTM Contract Awards Were $1.5 Billion for a Book-to-Bill Ratio of... More