ICF INTERNATIONAL Awarded $78M Digital Modernization Task Order from U.S. Forest Service
December 12, 2023
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ICF INTERNATIONAL ($NASDAQ:ICFI), a global consulting and digital services provider, has been awarded a task order worth $78 million from the U.S. Forest Service. ICF INTERNATIONAL is a leader in providing professional services and technology solutions to government and commercial clients around the world. They specialize in energy, communications, health, environment, and infrastructure. ICF is dedicated to helping its clients understand, define, and shape their futures in the digital age.
It also highlights the company’s commitment to helping its clients reach their goals through digital transformation. This task order is an exciting development for ICF INTERNATIONAL, allowing them to continue to make a positive impact on government operations and their clients’ success.
Share Price
This contract will help the U.S. Forest Service to transform and modernize their IT operations and services in order to improve efficiency and effectiveness. The task order involves the use of emerging technologies, such as artificial intelligence, cloud computing, and automation, to help the U.S. Forest Service build an innovative and modernized IT infrastructure. Despite the good news, the stock price of ICF INTERNATIONAL closed down 1.2% from the previous day’s closing price of $139.9, closing at $138.2 on Monday. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Icf International. More…
| Total Revenues | Net Income | Net Margin |
| 1.96k | 69.33 | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Icf International. More…
| Operations | Investing | Financing |
| 201.16 | -8.83 | -195.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Icf International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.06k | 1.16k | 47.47 |
Key Ratios Snapshot
Some of the financial key ratios for Icf International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | 7.4% | 6.0% |
| FCF Margin | ROE | ROA |
| 9.0% | 8.4% | 3.6% |
Analysis
After conducting an analysis of ICF INTERNATIONAL‘s finances, GoodWhale has classified the company as ‘gorilla’, indicating that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes ICF INTERNATIONAL an attractive investment opportunity for investors looking for companies that will provide consistent returns in the long run. In addition, ICF INTERNATIONAL also has a high health score of 8/10 with regard to its cashflows and debt, giving investors assurance that it is capable to safely ride out any crisis without the risk of bankruptcy. Furthermore, GoodWhale has also assessed the company to have strong dividend and profitability positions, as well as medium growth potential. However, its weak asset score is something to consider when investing in the company. More…
Peers
The company has annual revenue of more than $1.5 billion and is headquartered in Fairfax, Virginia. ICF works with government, commercial, and non-profit clients in more than 70 countries. ICF’s main competitors are FTI Consulting Inc, Caldwell Partners International Inc, and Franklin Covey Co.
– FTI Consulting Inc ($NYSE:FCN)
FTI Consulting Inc is a global business advisory firm. The company provides a range of services, including corporate finance, restructuring, economic consulting, and forensic and litigation consulting. FTI Consulting has a market cap of 5.97B as of 2022 and a return on equity of 11.2%. The company has a strong focus on delivering high-quality services to its clients and has a long history of success in doing so.
– Caldwell Partners International Inc ($TSX:CWL)
Caldwell Partners International Inc is a Canadian-based provider of executive search and human capital advisory services with approximately 50 offices across North America, Europe, Asia Pacific and South America. As of December 31, 2019, the Company operated through a network of approximately 1,000 consultants. The Company’s services include executive search, management assessment, succession planning and transition management. The Company offers these services to public and private companies, not-for-profit organizations and venture capital firms.
– Franklin Covey Co ($NYSE:FC)
Franklin Covey Co is a global provider of training and consulting services for organizations and individuals. The company has a market cap of 722.2M as of 2022 and a return on equity of 18.81%. Franklin Covey’s core offerings include training programs on leadership, productivity, time management, and other topics. The company also offers consulting services to help organizations improve their performance.
Summary
ICF International is a professional services firm that provides consulting, technology, and managed services to government and commercial clients worldwide. Recently, the US Forest Service awarded ICF a $78 million task order for its Digital Modernization program, which is designed to help the agency deliver its mission more effectively. By investing in ICF International, investors will benefit from the company’s expertise in digital solutions, including cloud computing, cybersecurity, analytics and data management.
Additionally, ICF International works on a diverse range of projects across industries, such as energy efficiency, climate resilience, health and human services, transportation, international development, and more. With a strong track record of success and the potential for lucrative future contracts, investing in ICF International could prove profitable in the long run.
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