ICF International (NASDAQ:ICFI) Releases Earnings Results, Beats Estimates 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, topping analysts’ consensus estimates of $1.92 by $0.06, FiscalAI reports. ICF International had a net margin of 5.29% and a return on equity of 11.95%. The firm had revenue of $470.50 million for the quarter, compared to the consensus estimate of $490.83 million. During the same quarter in the previous year, the company earned $1.67 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis.

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 Down 16.5%

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

ICF International Dividend Announcement

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

Key ICF International News

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 ICF International news, EVP Sergio Ostria sold 2,000 shares of the firm’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 sale, the executive vice president owned 24,467 shares of the company’s stock, valued at approximately $2,167,531.53. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John Wasson sold 6,400 shares of the business’s 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 owned 6,339 shares of the company’s stock, valued at approximately $559,860.48. This represents a 50.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.71% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barrington Research set a $110.00 price objective on shares of ICF International in a research report on Friday, August 14th. Weiss Ratings upgraded ICF International from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Finally, Wall Street Zen downgraded ICF International from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, ICF International currently has an average rating of “Moderate Buy” and an average target price of $105.00.

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.