ICF International Earnings: Everything You Must Know Now

ICF International Inc. (NASDAQ:ICFI) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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ICF International Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 2.08% to $0.47 in the quarter versus EPS of $0.48 in the year-earlier quarter.

Revenue: Rose 8.53% to $232.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: ICF International Inc. reported adjusted EPS income of $0.47 per share. By that measure, the company met the mean analyst estimate of $0.47. It missed the average revenue estimate of $233.61 million.

Quoting Management: Commenting on ICF’s results, Chairman and Chief Executive Officer Sudhakar Kesavan said, “Consistent with our expectations, growth continued to be driven by our commercial business where fourth quarter revenues increased 24.6 percent as compared to the fourth quarter of 2011 and accounted for 29 percent of total revenues for the period. For the full year of 2012, commercial revenues increased 29.4 percent as compared to 2011 and accounted for 27 percent of our annual revenues as compared to 23 percent in 2011. Within this client category, energy efficiency work for 2012 increased by 16.8 percent above 2011 and our commercial aviation consulting business increased by 46.6 percent in 2012 as compared to 2011. The strong momentum of our commercial work continued to mitigate the impact of softness in the U.S. Federal Government space, where fourth quarter revenues were flat during 2012 with the comparable 2011 period and revenues for the full year were up 2.0 percent over 2011.”

Key Stats (on next page)…