NASDAQ$ICFI

ICF International Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

ICF's Q4 2019 financial performance was reported, showcasing revenue growth and earnings per share.

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.

Headline financials

Total Revenue

$397M

Previous: $378M+5.0%
EPS (adj)

$1.18

Previous: $1.17+0.9%
Contract Awards

$353M

No prior period
Total Backlog

$2.4B

No prior period
Funded Backlog

$1.3B

No prior period
Net Income

$19.4M

Previous: $18.7M+3.7%
Operating Income

$28.3M

Previous: $29.4M-3.9%
Gross Profit

$133M

Previous: $129M+2.9%
Cash & Equivalents

$6.48M

Previous: $11.7M-44.6%
Total Assets

$1.4B

Previous: $1.21B+15.0%
Stock-Based Comp

$4.14M

Previous: $2.82M+46.5%

Revenue & EPS history

ICF · Revenue · Quarterly

$397M

Q4 2019+5%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

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.

Tailwinds

  • 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.

Headwinds

  • 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.
  • Guidance does not include any material benefit from energy efficiency contract wins in California.
  • EPS guidance includes more than $0.30 per share in additional interest expense related to the ITG acquisition.
  • EPS guidance includes a higher tax rate.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-0.3%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+1.5%

Avg return

30 days after

58%

38 / 65 earnings

Positive

+19.7%

Q4 2013

Best reaction

-20.7%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%-12.6%-5.1%
Q4 2025+4.5%-0.5%+2.6%
Q3 2025-7.3%-2.7%-8.7%
Q1 2025-6.6%-1.1%+0.8%
Q4 2024-20.7%-18.1%-13.8%
Q3 2024-1.9%-0.1%-19.0%
Q2 2024+9.0%+4.4%+12.7%
Q1 2024+3.1%+4.6%-0.8%
Q4 2023-0.6%-1.3%-4.7%
Q3 2023-0.2%+4.9%+13.0%
Q2 2023+4.5%+6.8%+11.0%
Q1 2023+2.0%+2.1%+9.4%
Q4 2022+6.0%+10.2%+5.6%
Q3 2022-10.5%-9.5%-5.7%
Q2 2022+5.8%+5.8%+6.8%
Q1 2022+3.3%+0.8%+4.9%
Q4 2021+1.3%-3.2%+7.0%
Q3 2021+3.1%+3.9%-1.6%
Q2 2021-2.2%+0.2%+3.7%
Q1 2021+3.5%+1.1%-2.0%
Q4 2020-3.0%+1.9%+8.3%
Q3 2020+2.0%+11.2%+9.1%
Q2 2020+9.9%+5.7%+1.2%
Q1 2020-6.1%-9.0%-1.5%
Q4 2019-5.6%-0.4%-19.5%
Q3 2019+3.4%-0.6%+7.3%
Q2 2019-3.3%-6.3%-0.6%
Q1 2019+0.1%-0.5%-5.1%
Q4 2018+1.9%+3.0%+2.8%
Q3 2018+0.4%-7.0%-4.9%
Q2 2018+5.9%+0.7%+10.8%
Q1 2018-2.7%-3.9%+5.8%
Q4 2017+1.7%+6.8%+4.3%
Q3 2017-4.6%-1.4%+0.7%
Q2 2017+1.3%-0.1%+13.3%
Q1 2017+7.8%+7.1%+7.2%
Q4 2016-16.5%-20.1%-20.5%
Q3 2016+4.1%+5.3%+19.6%
Q2 2016+1.5%-0.2%+2.3%
Q1 2016+1.8%
Q4 2015-9.2%
Q3 2015-4.5%
Q2 2015+8.7%
Q1 2015-4.8%
Q4 2014+2.1%
Q3 2014+1.7%
Q2 2014+0.3%
Q1 2014-4.1%
Q4 2013+19.7%
Q3 2013-5.1%
Q2 2013+4.8%
Q1 2013+2.3%
Q4 2012+1.9%
Q3 2012+11.3%
Q2 2012-9.5%
Q1 2011-2.2%
Q1 2012-7.0%
Q4 2009+0.5%
Q4 2011+0.5%
Q3 2010+0.8%
Q3 2011+0.8%
Q4 2010-6.7%
Q2 2011-6.7%
Q2 2010-6.7%
Q1 2010-4.9%

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