ICF International (NASDAQ:ICFI) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

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

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 Price Performance

NASDAQ:ICFI traded down $15.70 during trading hours on Friday, hitting $79.68. The company’s stock had a trading volume of 395,084 shares, compared to its average volume of 164,341. The stock has a fifty 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 current ratio of 1.39 and a quick ratio of 1.39. ICF International has a twelve month low of $58.83 and a twelve month high of $100.63.

ICF International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ICFI. Wall Street Zen downgraded ICF International from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Barrington Research set a $110.00 price target on ICF International in a research report on Friday, August 14th. Finally, Weiss Ratings upgraded ICF International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Insider Transactions at ICF International

In other ICF International news, CEO John Wasson sold 6,400 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $88.32, for a total transaction of $565,248.00. Following the completion of the transaction, the chief executive officer owned 6,339 shares of the company’s stock, valued at approximately $559,860.48. The trade was a 50.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sergio Ostria sold 2,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $88.59, for a total transaction 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 trade represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.71% of the company’s stock.

Trending Headlines about ICF International

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

ICF International Company Profile

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.