ICF Sets Third-Quarter 2026 Results for November 5
The company said it will report third-quarter results after the close on November 5 and host a 4:30 p.m. Eastern webcast.
ICF International (ICFI), a global solutions and technology provider, said it will release third-quarter 2026 results on Thursday, November 5, 2026, after the market close, and will host a webcast call at 4:30 p.m. Eastern time that day to discuss the quarter.
The Reston, Virginia, company said earnings results will be available at its investor-relations site before the call. Analysts and institutional investors may register online to participate; once registered, participants receive dial-in information, a unique PIN, and an email confirmation. General listeners can access the live webcast, and a replay will be available for one year after the event.
The timing notice followed the company’s second-quarter report, in which it said business trends were in line with its expectations and that it expected a return to year-on-year revenue growth in 2026, with positive quarterly comparisons beginning in the third quarter. That outlook is the backdrop against which the November release will be read: the company had already said that the third quarter was the point at which sequential comparisons were expected to turn positive after a second quarter in which total revenue was similar to prior-year levels.
In the second quarter, ICF reported revenue of $474 million, net income of $27 million, GAAP earnings of $1.49 a share, and non-GAAP earnings of $1.86 a share. Adjusted EBITDA was $53.4 million, or 11.2% of total revenues. Contract awards were $402 million, for a quarterly book-to-bill of 0.85 and a trailing twelve-month book-to-bill of 1.09. The business development pipeline reached $9.3 billion at quarter-end.
Chair and chief executive officer John Wasson said commercial client revenues increased 5.9% year-on-year, federal government client revenues continued to improve sequentially on technology modernization, and international government client revenues climbed 35%. He said the company maintained strong margins, benefiting from higher-margin commercial work and cost management, and that performance was aligned with a long-standing commitment to increase adjusted EBITDA margins by 10 to 20 basis points annually.
Wasson said second-quarter contract awards of $402 million were achieved despite delays in procurement decisions related to federal government proposals, and that the company had seen early signs of an increase in award decisions, including contracts in excess of $200 million awarded since the end of the second quarter.
Commercial energy remained a large share of that commercial book. Revenues from the company’s market-leading energy efficiency, flexible load management, electrification and battery storage programs increased 6.7% and accounted for approximately 82% of second-quarter commercial energy revenues. Energy advisory work for commercial clients increased 2.5% in the quarter and 8.6% for the first half, and accounted for 12.2% of second-quarter commercial energy revenues. Other commercial energy comparisons declined year-on-year due to the wind-down of several wind energy projects through last year’s third quarter. Commercial energy awards represented approximately 47% of second-quarter contract awards, and commercial energy opportunities represented more than $1.5 billion of the pipeline at quarter-end.
Technology modernization represented approximately one-half of $185 million in revenues from federal government clients in the second quarter. Over 80% of that work is performed under outcome-based, fixed-price contracts. Technology modernization opportunities represented approximately $2.6 billion of the pipeline at the end of the second quarter.
The company reaffirmed 2026 revenue and EPS guidance ranges after the second quarter. First-half 2026 share repurchases totaled 435,055 shares.
Forward-looking statements in the timing notice concern expectations about future results and involve risks including the government contracting industry generally, dependence on U.S. federal, state and local, and international government clients for the majority of revenue, failure by Congress or other governmental bodies to approve budgets and appropriations in a timely fashion, reductions in government spending, the impact of a lengthy federal government shutdown, the current Administration’s policy changes and executive orders, changes in federal budgeting and spending priorities, the ability to estimate and control costs under fixed-price contracts, the realization of backlog, the dependence of commercial work on cyclical sectors, and the ability to acquire and integrate businesses. Those factors are described in the Risk Factors section of the company’s Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent SEC filings.
Investor information contacts listed for the November call are Lynn Morgen and David Gold of AdvisIRy Partners; the company information contact is Lauren Dyke.