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Sep 30, 2020
ICF Q3 2020 Earnings Report
ICF's Q3 2020 performance demonstrated resilience with service revenue increasing and significant contract awards achieved.
Key Takeaways
ICF reported a decrease in total revenue but an increase in service revenue. The company saw a decrease in net income and EPS but a rise in Adjusted EBITDA. ICF also achieved a record third quarter for contract awards and raised its full-year EPS and cash flow guidance.
Total revenue was $360 million.
Service revenue increased by 3%.
Diluted EPS was $0.94, and non-GAAP EPS was $1.10.
Record third quarter contract awards totaled $792 million, resulting in a book-to-bill ratio of 1.2.
Revenue by Geographic Location
Forward Guidance
ICF raised its guidance for EPS and revenues for 2020.
Positive Outlook
- GAAP diluted EPS to range from $3.15 to $3.30
- Non-GAAP diluted EPS of $3.90 to $4.05
- 2020 revenues to range from $1.460 billion to $1.500 billion.
- Operating cash flow guidance increased to approximately $120 million for 2020.
- Business development pipeline was $6.8 billion at the end of the third quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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