Latest news with #ICFInternational
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Government Contractors Temper Outlooks as White House Seeks Spending Cuts
Government contractors are having a hard time forecasting their business as the Trump administration reexamines which companies it spends its money on. Companies, such as Parsons and ICF International ICFI -1.27%decrease; red down pointing triangle, that make money from government contracts are grappling with uncertainty about how much the U.S. will continue to do business with them. Analysts say the process of signing and renewing contracts has slowed because of Department of Government Efficiency reviews and a planned reorganization of the State Department, casting doubt on contractors' financial futures.
Yahoo
01-06-2025
- Business
- Yahoo
SAIC (SAIC) Q1 Earnings: What To Expect
Government IT services provider Science Applications International Corporation (NASDAQ:SAIC) will be announcing earnings results tomorrow before market hours. Here's what you need to know. SAIC beat analysts' revenue expectations by 1.4% last quarter, reporting revenues of $1.84 billion, up 5.8% year on year. It was a very strong quarter for the company, with a solid beat of analysts' EPS estimates and a narrow beat of analysts' full-year EPS guidance estimates. Is SAIC a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting SAIC's revenue to grow 1% year on year to $1.87 billion, a reversal from the 8.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.12 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SAIC has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 3.4% on average. Looking at SAIC's peers in the government & technical consulting segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Maximus posted flat year-on-year revenue, beating analysts' expectations by 5.2%, and ICF International reported a revenue decline of 1.4%, in line with consensus estimates. Maximus traded up 12.1% following the results while ICF International was down 6.3%. Read our full analysis of Maximus's results here and ICF International's results here. There has been positive sentiment among investors in the government & technical consulting segment, with share prices up 4.3% on average over the last month. SAIC is down 1.6% during the same time and is heading into earnings with an average analyst price target of $127.19 (compared to the current share price of $115.71). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-06-2025
- Business
- Yahoo
SAIC (SAIC) Q1 Earnings: What To Expect
Government IT services provider Science Applications International Corporation (NASDAQ:SAIC) will be announcing earnings results tomorrow before market hours. Here's what you need to know. SAIC beat analysts' revenue expectations by 1.4% last quarter, reporting revenues of $1.84 billion, up 5.8% year on year. It was a very strong quarter for the company, with a solid beat of analysts' EPS estimates and a narrow beat of analysts' full-year EPS guidance estimates. Is SAIC a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting SAIC's revenue to grow 1% year on year to $1.87 billion, a reversal from the 8.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.12 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SAIC has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 3.4% on average. Looking at SAIC's peers in the government & technical consulting segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Maximus posted flat year-on-year revenue, beating analysts' expectations by 5.2%, and ICF International reported a revenue decline of 1.4%, in line with consensus estimates. Maximus traded up 12.1% following the results while ICF International was down 6.3%. Read our full analysis of Maximus's results here and ICF International's results here. There has been positive sentiment among investors in the government & technical consulting segment, with share prices up 4.3% on average over the last month. SAIC is down 1.6% during the same time and is heading into earnings with an average analyst price target of $127.19 (compared to the current share price of $115.71). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
E&E News
21-05-2025
- Business
- E&E News
Electricity demand projected to rise 25% by 2030
The U.S. will have to double the pace of new electricity generation in order to meet a steep jump in energy demand, according to a new report from consulting firm ICF International. The new report projects that U.S. electricity demand will grow 25 percent between 2023 and 2030 and a shocking 78 percent by 2050, in large part thanks to a boom in data centers and manufacturing centers. That's an even bigger increase than ICF had forecast just two years ago and more than reports from the federal government just months ago — an indication, the authors say, of just how quickly demand is changing. In 2023, ICF said, national forecasts predicted 1.3 percent annual demand growth through the end of the decade. That figure is now 3.2 percent. Advertisement 'This is a pivotal moment as rising demand creates urgent challenges for the grid,' Anne Choate, ICF executive vice president for energy, environment and infrastructure, said in a statement. 'Meeting this demand will take a coordinated effort from across the energy sector on an 'all-of-the-above' strategy.'
Yahoo
16-05-2025
- Business
- Yahoo
ICFI Q1 Earnings Call: Commercial Energy Growth Offsets Federal Slowdown, Guidance Maintained
Professional consulting firm ICF International (NASDAQ:ICFI) met Wall Street's revenue expectations in Q1 CY2025, but sales fell by 1.4% year on year to $487.6 million. Its non-GAAP profit of $1.94 per share was 12.1% above analysts' consensus estimates. Is now the time to buy ICFI? Find out in our full research report (it's free). Revenue: $487.6 million vs analyst estimates of $486.5 million (1.4% year-on-year decline, in line) Adjusted EPS: $1.94 vs analyst estimates of $1.73 (12.1% beat) Adjusted EBITDA: $55.2 million vs analyst estimates of $54.04 million (11.3% margin, 2.1% beat) Operating Margin: 7.9%, in line with the same quarter last year Free Cash Flow was -$36.49 million compared to -$15.23 million in the same quarter last year Backlog: $3.4 million at quarter end, down 5.6% year on year Market Capitalization: $1.63 billion ICF International's first quarter performance reflected a shift in business mix, with growth in commercial, state and local, and international government segments partially offsetting a reduction in federal government revenues. Management attributed the quarter's results to ongoing demand for energy efficiency and electrification programs from utility clients, alongside stable trends in state and local disaster recovery and climate initiatives. CEO John Wasson noted, 'Our revenues from commercial, state and local, and international government clients in aggregate accounted for 51% of first quarter revenues, up from about 45% one year ago.' Looking ahead, management's guidance framework for 2025 remains unchanged, reflecting continued uncertainty around federal government contract funding and new request-for-proposal (RFP) activity. The company expects commercial energy, state and local, and international government revenue to grow at least 15% this year, offsetting federal headwinds. CFO Barry Broadus emphasized maintaining profitability, stating that 'we expect to maintain our adjusted EBITDA margins on 2025 revenues at levels comparable to 2024.' ICF International's leadership identified commercial energy strength, changing federal dynamics, and disciplined cost control as key themes shaping Q1 results and the outlook for 2025. Commercial energy demand rising: The company reported continued expansion in utility-funded energy efficiency, electrification, and flexible load management programs, with commercial energy revenues up 21% year-over-year. This demand is supported by utilities seeking to manage rapid load growth and by regulatory support for reducing energy usage. Federal government headwinds: Revenues from federal clients declined 12.6% year-over-year due to contract funding curtailments, fewer new RFPs, and the impact of stop work orders and terminations. Management estimates approximately $115 million in 2025 revenues have been affected by these disruptions so far. State, local, and international growth: The company saw stable trends in state and local government business, with new disaster recovery contracts and ongoing climate and infrastructure work. International government revenues grew 7.2%, driven by execution on recent contract wins in the European Union and U.K. Business mix supports margins: The increasing share of higher-margin commercial business, greater use of fixed-price contracts, and lower subcontracting contributed to an 80-basis-point expansion in gross margin to 38%. AEG acquisition integration: The Applied Energy Group acquisition at the end of 2024 is progressing as planned, enhancing ICF's technology and advisory capabilities for electric and gas utilities and providing opportunities for synergistic growth. Management's outlook for 2025 is shaped by ongoing challenges in federal contracting, but offset by expected growth in commercial, state and local, and international markets. Commercial energy as growth engine: Leadership expects continued expansion in energy efficiency and electrification programs for utility clients, which are forecast to drive the majority of non-federal revenue growth. Federal government funding risk: Stop work orders and contract terminations are anticipated to persist, with management assuming most stop work orders will not be reinstated this year, adding ongoing uncertainty to federal revenue. Margin stability focus: Cost management and favorable business mix are expected to help maintain adjusted EBITDA margins at 2024 levels, even as revenue growth is pressured by the federal segment. Timothy Mulrooney (William Blair): Asked if Q2 would see peak impact from federal contract disruptions; management replied that Q2 and Q3 are likely to resemble Q1, with ongoing fluidity rather than a pronounced peak. Joseph Vafi (Canaccord Genuity): Queried whether commercial energy performance in Q1 sets the pace for the year; CEO John Wasson confirmed that strong growth and margins in commercial energy are expected to continue. Tobey Sommer (Truist Securities): Inquired about the scalability of commercial energy programs and whether clients are adopting multiple large projects; management noted ongoing pilots in flexible load management and electrification, expecting material scaling over time. Kevin Steinke (Barrington Research): Sought clarity on IT modernization outlook; leadership reiterated its forecast of a 5-10% revenue decline for this business in 2025, citing slower procurement but potential for renewed growth in 2026. Marc Riddick (Sidoti): Asked about potential upside in Health and Human Services work and acquisition plans; management pointed to opportunities in children's health and food safety, and said future M&A would likely focus on energy-related tuck-in deals. In upcoming quarters, the StockStory team will monitor (1) the pace of federal government contract modifications and new RFP releases, (2) whether commercial energy and state and local businesses can sustain double-digit growth, and (3) the successful integration of Applied Energy Group, including any synergistic wins. Developments in federal spending priorities and regulatory policy will be important for future performance. ICF International currently trades at a forward P/E ratio of 12.8×. Is the company at an inflection point that warrants a buy or sell? Find out in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. 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