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Dec 31, 2019
ICF Q4 2019 Earnings Report
ICF's Q4 2019 financial performance was reported, showcasing revenue growth and earnings per share.
Key Takeaways
ICF reported a 5.0% increase in total revenue for Q4 2019, reaching $396.6 million. Diluted EPS was $1.01, and non-GAAP EPS was $1.18. The company's contract awards for the quarter totaled $353.3 million, and the backlog stood at $2.4 billion at the end of the quarter.
Total revenue increased by 5.0% to $396.6 million.
Diluted EPS was reported at $1.01, inclusive of special charges.
Non-GAAP EPS reached $1.18.
Contract awards totaled $353.3 million.
Revenue by Geographic Location
Forward Guidance
ICF expects revenue of $1.60 billion to $1.65 billion and EBITDA of $145.0 million to $155.0 million for full year 2020. GAAP earnings per diluted share is expected to range from $3.45 to $3.75, exclusive of special charges. Non-GAAP diluted EPS is expected to range from $4.00 to $4.30. Operating cash flow is expected to be approximately $120 million.
Positive Outlook
- Federal government business development pipeline was at record levels at 2019 year-end.
- Acquisition of ITG provides further visibility and additional growth opportunities.
- Recent wins to provide disaster management services in new geographies.
- Robust energy efficiency pipeline.
- Leveraging commercial marketing services, loyalty platforms and engagement capabilities across client set.
Challenges Ahead
- Guidance does not include any additional material contract wins or expansions in the disaster recovery arena.
- Guidance does not include any material benefit from new disaster recovery-related mitigation contract awards.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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