Overview
ICF Q2 revenue misses analyst expectations, but adjusted EPS beats, per LSEG data
Commercial energy revenue grows 27% yr/yr, boosting margin mix
Co maintains full-year 2025 guidance, expects growth in 2026
Outlook
ICF maintains full-year 2025 guidance framework
Company expects revenue and earnings growth to return in 2026
ICF does not foresee 2025 revenues declining by 10% from 2024
Adjusted EBITDA margins expected similar to 2024
Result Drivers
COMMERCIAL ENERGY - 27% yr/yr revenue growth driven by energy efficiency programs and increased demand for flexible load management
MARGIN MIX - Favorable margin mix due to higher-margin commercial energy revenues and reduced subcontractor costs
FEDERAL REVENUE DECLINE - 14.6% sequential decline in federal government revenue due to contract funding curtailments
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $476 mln | $482.80 mln (5 Analysts) |
Q2 Adjusted EPS | Beat | $1.66 | $1.61 (4 Analysts) |
Q2 EPS | $1.28 | ||
Q2 Net Income | $24 mln | ||
Q2 Adjusted EBITDA | Beat | $52.90 mln | $52.70 mln (5 Analysts) |
Q2 EBITDA | $53.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for ICF International Inc is $96.00, about 13.8% above its July 30 closing price of $82.78
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nPn62Mykwa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)