ICF Reports Fourth Quarter and Full Year 2023 Results
RESTON, Va., Feb. 27, 2024 /PRNewswire/ -- ICF (NASDAQ: ICFI), a global consulting and technology services provider, reported results for the fourth quarter and full year ended December 31, 2023.
- Fourth quarter 2023 total revenue was $478.4 million, similar to the $475.6 million reported in the fourth quarter of 2022 and up 4.9% from last year's fourth quarter revenues adjusted for the divestitures.
- Subcontractor and other direct costs were 27.0% of total revenues compared to 28.7% in last year's fourth quarter.
- Fourth quarter 2023 net income and diluted EPS included $4.4 million, or $0.18 per share, in tax-effected net special charges.
- Total backlog was $3.8 billion at the end of the fourth quarter of 2023.