ICF International, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2022
November 03, 2022 at 04:09 pm EDT
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ICF International, Inc. provided earnings guidance for the fourth quarter and full year 2022. Looking ahead to the fourth quarter of 2022, the company expects total revenue and service revenue to be similar to third quarter levels, as the recovery in international government and commercial marketing businesses has not yet materialized.
Guidance for full year 2022 service revenue to $1.275 to $1.300 billion, implying total revenue of $1.760 to $1.790 billion. GAAP EPS is expected to range from $3.90 to $4.10, reflecting year-to-date special charges amounting to $0.61 per share on a tax-effected basis, which primarily were M&A- and severance-related. The GAAP EPS guidance range incorporates the impact of non-cash rent abatement charges associated with new headquarters totaling $7.5 million, or $0.30 per share.
ICF International, Inc. is a global consulting and technology services company. It provides professional services and technology-based solutions to government and commercial clients, including management, marketing, technology, and policy consulting services. Its services include advisory services, program implementation services. Its services include advisory services, program implementation services, analytics services, digital services, and engagement services. Its advisory services include research critical policy, industry, and stakeholder issues, trends, and behavior. The program implementation services identify, defines, and implements policies, plans, programs, and business tools. The analytics services conduct survey research and collect and analyze varieties and large volumes of data to understand critical issues and options for its clients and provide actionable business intelligence. Its digital services design, develop, and implement technology systems and business tools.
ICF INTERNATIONAL, INC. 
