ICF International Posts 3.9% EPS Miss, Guides Q1 EPS at $1.55
ICF International’s Q4 EPS of $1.47 missed estimates by 3.9%, while revenues of $443.7M fell 10.6% year-over-year. It guided Q1 EPS at $1.55 versus a $1.62 forecast and full-year adjusted EPS of $6.95–$7.25, with a midpoint of $7.10 topping the $7.04 estimate.
1. Q4 Earnings and Revenue Misses
ICF International reported Q4 EPS of $1.47, missing the $1.53 estimate and falling 21.4% year-over-year, while revenues of $443.7 million missed the $445 million consensus and declined 10.6% from Q4 2024.
2. Segment Performance
Revenue from total government clients dropped 23% to $280.1 million, led by a 35.1% fall in U.S. federal sales to $167.8 million; international government revenue rose 12.8% to $33.8 million and commercial revenue climbed 23.3% to $163.6 million.
3. Profitability and Cash Flow
Adjusted EBITDA fell 18.3% to $46 million with margins contracting 90 basis points to 10.4%, while operating cash flow used $75.6 million. The company ended the quarter with $5.29 billion in cash and $401.4 million in long-term debt.
4. Guidance for 2026
First-quarter 2026 EPS guidance is $1.55 versus a $1.62 forecast, with revenues of about $450 million. Full-year 2026 adjusted EPS is projected at $6.95–$7.25 (midpoint $7.10 vs. $7.04 estimate) and revenue range of $1.89–$1.96 billion.