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ICF International Inc

For the period ended Mar 31, 2024. Filed May 2, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 2, 2024

ICFI$79.68-16.5%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM TO

Commission File Number:001-33045

ICF International, Inc.

(Exact name of Registrant as Specified in its Charter)

Delaware22-3661438
(State or Other Jurisdiction ofIncorporation or Organization)(I.R.S. EmployerIdentification No.)
1902 Reston Metro Plaza, Reston, VA20190
(Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: (703)934-3000

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act.

Title of each classTrading Symbols(s)Name of each exchange on which registered
Common StockICFIThe NASDAQ Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of ‘‘large accelerated filer,’’ ‘‘accelerated filer,’’ ‘‘smaller reporting company,’’ and ‘‘emerging growth company’’ in Rule 12b–2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐ Yes☒ No

As of April 26, 2024, there were 18,736,579 shares outstanding of the registrant’s common stock.

ICF INTERNATIONAL, INC. AND SUBSIDIARIES

QUARTERLY REPORT ON FORM 10-Q FOR THE

PERIOD ENDED MARCH 31, 2024

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION3
Item 1.Financial Statements3
Consolidated Balance Sheets at March 31, 2024 (Unaudited) and December 31, 20233
Consolidated Statements of Comprehensive Income (Unaudited) for the Three Months Ended March 31, 2024 and 20234
Consolidated Statements of Stockholders’ Equity (Unaudited) for the Three Months Ended March 31, 2024 and 20235
Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2024 and 20236
Notes to Consolidated Financial Statements7
Note 1 - Basis of Presentation7
Note 2 - Restricted Cash8
Note 3 - Contract Receivables, Net8
Note 4 - Leases9
Note 5 - Debt10
Note 6 - Revenue Recognition10
Note 7 - Derivative Instruments and Hedging Activities11
Note 8 - Income Taxes11
Note 9 - Stockholders' Equity12
Note 10 - Stock-Based Compensation13
Note 11 - Earnings Per Share13
Note 12 - Fair Value13
Note 13 - Commitments and Contingencies14
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations15
Item 3.Quantitative and Qualitative Disclosures About Market Risk21
Item 4.Controls and Procedures21
PART II. OTHER INFORMATION22
Item 1.Legal Proceedings22
Item 1A.Risk Factors22
Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities22
Item 3.Defaults Upon Senior Securities22
Item 4.Mine Safety Disclosures22
Item 5.Other Information23
Item 6.Exhibits24
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.