ICF International (ICFI) Tops Q2 EPS by 20c, provides guidance

ICF International (NASDAQ: ICFI) reported Q2 EPS of $1.69, $0.20 better than the analyst estimate of $1.49. Revenue for the quarter came in at $512 million versus the consensus estimate of $505.7 million.

GUIDANCE:

ICF International sees FY2024 EPS of $6.95-$7.25, versus the consensus of $6.77.
Adjusted EBITDA is now expected to range between $225 million and $235 million, up from our prior guidance of $220 million to $230 million. The midpoint of this range will result in ICF achieving the three-year EBITDA objective we provided at our 2022 Investor Day adjusted for the 2023 divestitures, and we expect to accomplish this with substantially fewer acquisitions than originally contemplated.

For earnings history and earnings-related data on ICF International (ICFI) click here.

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