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ICFI-News
ICFI-Events
ICF Awarded $70M New Work Orders by Los Angeles County
ICF was recently awarded two new, multiyear work orders under the County of Los Angeles Energy Support Services Master Agreement to serve as one of three implementers supporting the Southern California Regional Energy Network's public sector energy efficiency programs. The work orders, which were awarded in early August 2026, have a combined ceiling value of approximately $70M, with funding subject to the county's decision to exercise renewal options. These new work orders expand ICF's scope under the master agreement, which also includes delivery of the county's residential and agricultural portfolios.
ICF Named OpenAI Select Partner
ICF announced it has been named an OpenAI Select Partner, recognizing its proven ability to help organizations responsibly adopt and scale advanced AI services and solutions. ICF will apply OpenAI's technology to AI-enabled applications that improve citizen and customer experiences; AI-assisted software development and modernization that enhance client delivery; and internal enterprise use cases for operational efficiency. Across these efforts, ICF will apply its governance, risk management and human-centered implementation capabilities to help organizations determine where large language models can deliver the greatest value.
ICF Awarded $20M Energy Efficiency Contract
ICF was recently selected for a $20M recompete contract to continue serving as the lead implementer for an energy efficiency contract supporting a consortium of Northeast utilities and service providers. The contract, which was awarded in the second quarter of 2026, includes a portfolio of new construction, renovation and multifamily energy efficiency and electrification programs which are among the nation's largest and most successful residential energy efficiency and market transformation initiatives
ICF Reports Q2 Revenue of $474M, Contract Awards of $402M
Reports Q2 revenue $474M, consensus $. CEO John Wasson said, "Q2 business trends in our markets were in line with our expectations and continued to reflect the benefits of our integrated business model. Revenues from commercial clients increased 5.9% year-on-year, federal government client revenues continued to improve on a sequential basis driven by technology modernization, and revenues from international government clients climbed by 35%. This enabled us to report total Q2 revenues that were similar to prior-year levels, in advance of our return to year-on-year growth for 2026 with positive quarterly comparisons beginning in this year's Q3...Q2 contract awards of $402M were achieved despite delays in procurement decisions related to federal government proposals. ICF's trailing twelve-month book-to-bill ratio was a healthy 1.09, and our business development pipeline reached $9.3 billion, representing considerable sequential growth. We have seen early signs of an increase in award decisions. Specifically, since the end of Q2 we have been awarded contracts in excess of $200M."
ICF Sees 2026 Revenue Between $1.89B and $1.96B
Sees 2026 revenue $1.89B-$1.96B, consensus $1.91B. "We are looking ahead to a strong second half, led by accelerated growth in revenues from commercial energy and state & local government clients, continued double-digit growth in revenues from international government clients, and sequential growth in revenues from federal government clients in the third quarter, followed by a return to year-on-year growth in that client category in Q4. Approximately 90% of the revenues required to reach the midpoint of our guidance range for full year 2026 are already in backlog. We expect operating cash flow to range from $135M-$150M, excluding the impact of restricted cash. These efforts, together with our investments in growth markets, have positioned ICF for growth in 2026 and a return to mid- to high-single digit growth in 2027. Demonstrating our confidence in ICF's long-term prospects, we repurchased 217,542 ICF shares in Q2, bringing our share repurchases to 435,055 for the first half of 2026," Mr. Wasson concluded.
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