Press Release

ICF Selected for $11 Million in Task Orders to Evaluate Environmental Impact of California Rail Program

Fairfax, VA


Jan 26, 2017

ICF Will Support Environmental Analyses/Review of Multiple Segments of New Statewide Passenger Rail System

FAIRFAX, Va. (January 26, 2017) — ICF (NASDAQ:ICFI), a consulting and technology services provider to government and commercial clients around the world, was recently awarded six new task orders to provide environment impact review and analyses, documentation and other technical services to help a California rail program meet environmental requirements for its new statewide passenger rail system. The combined value of the task orders is $11.1 million, and each has a term of 12 months.

“The rail project is critical to addressing the transportation needs of California’s growing population, which is estimated to reach 50 million by 2050,” said Mike Davis, senior vice president for ICF. “For 15 years, ICF has played a significant role in helping our client identify and disclose the potential environmental effects of various segments of the rail project and craft environmental mitigation measures to enable its engineers to design systems and move to construction with minimal environmental impact.”

To support this work, ICF has assembled an impressive team of professionals who work at the nexus of transportation and the environment: state and federal regulatory experts, archaeologists, architectural and cultural historians, wildlife biologists, wetlands and air quality scientists, acoustical engineers, planners, landscape architects, water resources modelers, economists and GIS experts.

ICF’s environmental policy and transportation experts are immersed in the industry and understand the need for timely, creative and legally sufficient environmental review as part of passenger rail development. ICF’s experience with this complex aspect of rail projects offers clients a customized, creative approach to environmental review to ensure compliance with national, state and local requirements and effective stewardship of natural and human environments.

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About ICF

ICF (NASDAQ:ICFI) is a global consulting services company with approximately 7,500 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at

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Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements THAT are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

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Full Year 2016 Highlights

  • Total Revenue Increased 5 Percent led by Mid-Single Digit Growth in Revenue From Commercial and Government Clients
  • Diluted EPS was $2.40, a 20 Percent Year-on-Year Increase; Non-GAAP EPS was $2.87, up 9 Percent Year-on-Year
  • Operating Cash Flow was $80 Million
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  • Total Backlog Increased 17 Percent to $2.1 Billion; Funded Backlog Increased 29 Percent Year-on-Year to $1.0 Billion
  • Company-wide Book-to-Bill Ratio was 1.26; Commercial Book-to-Bill Ratio was 1.43