ICF International (NASDAQ:ICFI) Posts Earnings Results, Beats Expectations By $0.21 EPS

ICF International (NASDAQ:ICFI) issued its quarterly earnings data on Thursday. The business services provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.21, FiscalAI reports. The business had revenue of $474.50 million for the quarter, compared to analyst estimates of $478.30 million. ICF International had a net margin of 4.86% and a return on equity of 11.59%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the business posted $1.66 earnings per share. ICF International updated its FY 2026 guidance to 6.950-7.250 EPS.

Here are the key takeaways from ICF International’s conference call:

• Full-year guidance was reaffirmed, with 2026 revenue expected at $1.89 billion–$1.96 billion and non-GAAP EPS at $6.95–$7.25; management expects sequential revenue growth in both remaining quarters and a return to year-over-year growth beginning in Q3.
• Commercial and international markets remained key growth drivers: commercial revenue increased 6% year over year, commercial energy efficiency revenue rose 6.7%, and international government revenue jumped 35% as previously awarded contracts ramped.
• Profitability and balance-sheet metrics improved, with adjusted EBITDA margin rising 10 basis points to 11.2%, net interest expense declining nearly 20%, core operating cash flow reaching $56.7 million, and net debt falling to $403 million.
• Federal revenue declined 9.5% year over year, while procurement delays, agency variability, and more frequent protests constrained federal awards; quarterly book-to-bill was 0.85, with federal activity the primary drag.
• Management cited a $9.3 billion pipeline, more than $200 million in contract awards since quarter-end, and strong positioning in commercial energy, technology modernization, and disaster management; it also expects mid- to high-single-digit company growth in 2027.

ICF International Stock Up 11.4%

Shares of ICFI stock traded up $9.69 during trading on Friday, reaching $95.00. The company’s stock had a trading volume of 464,434 shares, compared to its average volume of 229,569. ICF International has a one year low of $58.83 and a one year high of $101.71. The business has a fifty day moving average price of $75.37 and a 200-day moving average price of $74.71. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 19.67 and a beta of 0.51. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43.

ICF International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 4th will be issued a $0.14 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.6%. ICF International’s dividend payout ratio (DPR) is 12.12%.

ICF International announced that its Board of Directors has approved a share buyback program on Thursday, June 25th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other ICF International news, Director Handel Michael J. Van purchased 8,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $61.39 per share, with a total value of $491,120.00. Following the transaction, the director directly owned 24,254 shares of the company’s stock, valued at $1,488,953.06. This represents a 49.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Wasson sold 12,411 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $80.08, for a total transaction of $993,872.88. Following the transaction, the chief executive officer owned 27,511 shares of the company’s stock, valued at approximately $2,203,080.88. This represents a 31.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.71% of the stock is currently owned by company insiders.

Institutional Trading of ICF International

A number of hedge funds and other institutional investors have recently modified their holdings of ICFI. EverSource Wealth Advisors LLC raised its holdings in ICF International by 2,121.1% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the business services provider’s stock worth $36,000 after acquiring an additional 403 shares in the last quarter. Captrust Financial Advisors bought a new position in ICF International in the second quarter valued at approximately $246,000. Jump Financial LLC grew its stake in ICF International by 195.3% in the fourth quarter. Jump Financial LLC now owns 6,756 shares of the business services provider’s stock valued at $576,000 after purchasing an additional 4,468 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of ICF International by 1,392.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 13,028 shares of the business services provider’s stock worth $1,209,000 after purchasing an additional 12,155 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of ICF International by 5,229.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,214 shares of the business services provider’s stock worth $1,597,000 after purchasing an additional 16,891 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analysts Set New Price Targets

ICFI has been the subject of a number of research reports. Wall Street Zen upgraded ICF International from a “hold” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of ICF International in a report on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.33.

ICF International News Summary

Here are the key news stories impacting ICF International this week:

• Positive Sentiment: Adjusted EPS exceeded expectations. ICF reported second-quarter non-GAAP EPS of $1.86, up from $1.66 a year earlier and above analyst estimates of approximately $1.65-$1.69. Net income was $27 million, while adjusted EBITDA reached $53.4 million, or 11.2% of revenue. ICF Reports Second Quarter 2026 Results
• Positive Sentiment: Management reaffirmed its full-year outlook. ICF maintained 2026 adjusted EPS guidance of $6.95-$7.25 and revenue guidance of $1.9-$2.0 billion, broadly consistent with analyst expectations. Reaffirmation reduces the risk of a near-term forecast cut. ICF International Declares Dividend, Reaffirms 2026 Outlook
• Positive Sentiment: Future demand indicators were constructive. The business development pipeline reached $9.3 billion at quarter-end, and the company highlighted potential reacceleration in commercial energy and an inflection in federal growth. William Blair maintained a Buy rating, citing these opportunities. ICF International Transitional Quarter Sets Stage for Growth
• Positive Sentiment: ICF declared a quarterly dividend of $0.14 per share, payable October 9 to shareholders of record September 4. The dividend supports shareholder returns, though its annualized yield is modest at roughly 0.6%.
• Neutral Sentiment: Revenue was mixed. Second-quarter revenue of $474.5 million was essentially flat year over year and below the $478.3 million consensus estimate. The quarterly book-to-bill ratio was 0.85, although the trailing-12-month ratio remained healthier at 1.09. ICF Q2 Earnings Metrics Versus Estimates
• Negative Sentiment: Growth remains subdued. The sales shortfall and flat year-over-year revenue underscore slower near-term expansion, while the company described the quarter as transitional and pointed to gradual rather than immediate growth.

About ICF International

ICF International (NASDAQ: ICFI), commonly known as ICF, is a global consulting and digital services provider specializing in the intersection of strategy, technology, and policy. The firm delivers integrated services and solutions to government and commercial clients in areas such as energy and environment, health and social programs, transportation, infrastructure, technology, and marketing and communications. ICF’s offerings span strategic planning, data analytics, program evaluation, digital transformation, and implementation support.

Founded in 1969 and headquartered in Reston, Virginia, ICF has grown through both organic expansion and targeted acquisitions to broaden its capabilities and geographic reach.