ICF International Sees FY24 EPS $6.95-$7.25 Vs $6.77 Est.
Portfolio Pulse from Benzinga Newsdesk
ICF International has raised its FY24 earnings guidance, projecting Non-GAAP EPS of $6.95-$7.25, up from prior estimates, and adjusted EBITDA of $225-$235 million. The company expects strong growth in its Energy, Environment, Infrastructure, and Disaster Recovery markets, offsetting lower revenues in Health and Social Programs. A growing backlog and a robust business development pipeline support continued growth.
August 01, 2024 | 8:19 pm
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ICF International has increased its FY24 earnings guidance, projecting Non-GAAP EPS of $6.95-$7.25 and adjusted EBITDA of $225-$235 million. The company expects strong growth in its Energy, Environment, Infrastructure, and Disaster Recovery markets, which will offset lower revenues in Health and Social Programs.
The raised guidance for FY24, including higher Non-GAAP EPS and adjusted EBITDA, indicates strong financial performance and growth prospects. This is likely to positively impact ICFI's stock price in the short term.
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IMPORTANCE 90
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