ICF International (NASDAQ:ICFI) Announces Quarterly Earnings Results

ICF International (NASDAQ:ICFI) released its quarterly earnings data on Thursday. The business services provider reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.06, FiscalAI reports. The firm had revenue of $470.50 million for the quarter, compared to analyst estimates of $490.83 million. ICF International had a net margin of 5.29% and a return on equity of 11.95%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $1.67 earnings per share.

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

• Revenue rose 1.1% to $470.5 million, but utility clients’ pauses on incremental energy-efficiency program spending contributed to a roughly $15 million third-quarter shortfall, with a similar impact expected in Q4. ICF lowered its 2026 revenue outlook to approximately $1.87 billion, roughly flat year over year.
• Despite lower revenue expectations, ICF maintained its 2026 non-GAAP EPS midpoint of $7.10, implying 4.9% annual growth; third-quarter adjusted EBITDA margin expanded 10 basis points to 11.5%. Strong cash generation and lower interest expense also supported debt reduction, with net debt down to $368 million.
• Bookings and forward indicators remained supportive: quarterly awards increased 4.5%, book-to-bill was 1.59, backlog stood at $3.5 billion, and the business development pipeline reached $8.2 billion. Management expects year-over-year revenue growth in Q4 and across all client categories in 2027, but did not provide specific 2027 guidance.
• State and local revenue grew 7.6% and international government revenue rose 12%, while federal revenue increased 3.4% sequentially but declined 3.5% year over year amid procurement delays. Management expects federal year-over-year growth in Q4, while noting that near-term disaster-management activity remains constrained by funding delays and fewer major events.

ICF International Stock Performance

Shares of ICF International stock traded down $15.70 during mid-day trading on Friday, hitting $79.68. 395,084 shares of the stock were exchanged, compared to its average volume of 164,341. ICF International has a 12 month low of $58.83 and a 12 month high of $100.63. The company has a 50-day simple moving average of $88.29 and a 200 day simple moving average of $79.00. The company has a market capitalization of $1.43 billion, a P/E ratio of 15.01 and a beta of 0.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.39.

ICF International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Shareholders of record on Friday, December 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.56 annualized dividend and a dividend yield of 0.7%. ICF International’s dividend payout ratio (DPR) is currently 11.59%.

Analyst Ratings Changes

ICFI has been the subject of several recent research reports. Weiss Ratings raised shares of ICF International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Wall Street Zen cut shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Barrington Research set a $110.00 price target on shares of ICF International in a research report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

ICF International News Summary

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

• Positive Sentiment: Third-quarter non-GAAP EPS was $1.98, beating the $1.92 consensus and rising 19% year over year. Margin gains from efficient contract delivery and a favorable contract mix supported profitability. ICF Reports Third Quarter 2026 Results
• Positive Sentiment: Contract awards totaled $746 million, up 4.5% from a year earlier, with a quarterly book-to-bill ratio of 1.59 and trailing-twelve-month ratio of 1.11—indicators of demand and future work. ICF Reports Third Quarter 2026 Results
• Neutral Sentiment: ICF declared a quarterly dividend of $0.14 per share, equivalent to $0.56 annually. The modest yield provides income but is unlikely to be a major near-term catalyst.
• Negative Sentiment: Revenue was $470.5 million, below analysts’ estimate of about $490.8 million, despite increasing 1% year over year. ICF maintained its 2026 non-GAAP EPS guidance midpoint despite the lower revenue outlook, limiting the scope for a positive forecast surprise. ICFI Q3 Earnings Beat Estimates on Margin Gains, Revenues Miss

Insider Activity at ICF International

In other news, EVP Sergio Ostria sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $88.59, for a total value of $177,180.00. Following the completion of the transaction, the executive vice president directly owned 24,467 shares of the company’s stock, valued at $2,167,531.53. This represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John Wasson sold 6,400 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $88.32, for a total value of $565,248.00. Following the sale, the chief executive officer directly owned 6,339 shares of the company’s stock, valued at $559,860.48. The trade was a 50.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.71% of the company’s stock.

About ICF International

ICF International, Inc is a global consulting and technology services company that helps government agencies, businesses and nonprofit organizations address complex policy, management and operational challenges. The company combines research, advisory services, data analytics, technology implementation and strategic communications to support clients from program design through execution and evaluation.

ICF’s work spans energy and climate, environment, transportation, public health, health care, community development, disaster recovery, workforce programs and public-sector modernization.