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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Fourth Quarter Highlights
- Total Revenue Increased 3 Percent Year-on-Year led by Double-Digit Growth in Revenue From Commercial and State and Local Government Clients
- Diluted EPS was $0.65, Inclusive of $0.01 in Special Charges, 18 Percent Ahead of Last Year; Non-GAAP EPS 1 was $0.76, up 4 Percent Year-on-Year
- Contract Awards Were $296 Million, 31 Percent Ahead of the Same Period Last Year
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
- Contract Awards Reached a Record $1.5 Billion, up 13 Percent Year-on-Year
- 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