ICF INTERNATIONAL Reports Second Quarter FY2023 Earnings Results
August 9, 2023
🌥️Earnings Overview
ICF INTERNATIONAL ($NASDAQ:ICFI) announced the release of their earnings for the second quarter of FY2023, which ended on June 30 2023, on August 3 2023. Total revenue for the quarter was USD 500.1 million, reflecting a 18.2% increase from the same period in the prior year. Reported net income was USD 20.3 million, a 10.4% rise from the previous year.
Market Price
This was driven by the company’s continued focus on efficiency and cost management, as well as increased revenue from new client engagements and successful contract awards. This demonstrates the company’s strong pipeline of future opportunities and potential for sustained growth in the coming quarters. With such positive results, investors remain optimistic about the company’s future prospects. 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 |
| 1.93k | 64.69 | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Icf International. More…
| Operations | Investing | Financing |
| 175.68 | -296.53 | 123.69 |
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 |
| 2.12k | 1.24k | 46.46 |
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 |
| 9.1% | 6.1% | 5.8% |
| FCF Margin | ROE | ROA |
| 7.7% | 8.2% | 3.3% |
Analysis
At GoodWhale, we recently performed an analysis of the fundamentals of ICF INTERNATIONAL. Our results show that ICF INTERNATIONAL is a medium risk investment when it comes to financial and business aspects. In particular, our risk rating system identified 1 risk warnings in the company’s balance sheet. For more information about this risk, please register on goodwhale.com. 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 reported strong financial performance for the second quarter of FY2023, with total revenue increasing 18.2% year-over-year to USD 500.1 million. Net income for the quarter was USD 20.3 million, a 10.4% increase compared to the same period last year. This marks a positive trend for investors, demonstrating the company’s ability to generate revenue and healthy profit margins. Going forward, investors should assess the company’s future performance in light of its current position, recent performance, and future prospects.
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