ICF International Full Year 2024 Earnings: EPS Misses Expectations

ICF International (NASDAQ:ICFI) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.02b (up 2.9% from FY 2023).
• Net income: US$110.2m (up 33% from FY 2023).
• Profit margin: 5.5% (up from 4.2% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$5.88 (up from US$4.39 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ICF International EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$1.41b (70% of total revenue). Notably, cost of sales worth US$1.28b amounted to 63% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$518.5m (83% of total expenses). Explore how ICFI's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 1.8% p.a. on average during the next 2 years, while revenues in the Professional Services industry in the US are expected to grow by 6.4%.

Performance of the American Professional Services industry.

The company's shares are down 21% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for ICF International (1 shouldn't be ignored!) that we have uncovered.

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