ICF International, Inc. Lowers FY 2012 Guidance; Comments On FY 2012 EBITDA Guidance; Issues Q3 2012 Guidance Below Analysts' Estimates

ICF International, Inc. announced that given the uncertainty in the federal market, it is lowering outlook for fiscal 2012 revenues and earnings. The Company expects fiscal 2012 revenues to be in the range $930-$960 million, and diluted EPS to be in the range of $1.90 to $2.00. From a year-over-year perspective, diluted earnings per share for 2012 are expected to be impacted by increased interest and amortization expense associated with the acquisitions of Ironworks in December of 2011 and GHK in February of 2012. EBITDA growth is expected to continue to outpace revenue growth. For the third quarter of 2012, it expects revenues within the range of $233-$247 million and diluted EPS of between $0.46 and $0.50. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $267 million and EPS of $0.57 for the third quarter of 2012; revenue of $1.005 billion and EPS of $2.07 for fiscal 2012.