Icf reports fourth quarter and full year 2022 results

Fourth quarter highlights: total revenue was $476 million; service revenue1 was $339 million, up 24% net income was $8.9 million and diluted eps was $0.47, inclusive of $13.6 million and $0.72 in tax-effected facility-related, severance and m&a charges non-gaap eps1 was $1.56, up 31% adjusted ebitda margin on service revenue 1 was 16.3% contract awards were $777 million for a book-to-bill ratio of 1.63 full year highlights:  total revenue was $1.78 billion; service revenue was $1.29 billion, up 16% net income was $64.2 million and diluted eps was $3.38, inclusive of $24.9 million and $1.31 in tax-effected facility-related, severance and m&a charges non-gaap eps was $5.77, up 20% adjusted ebitda margin on service revenue¹ was 14.9% record contract awards of $2.3 billion for a book-to-bill ratio of 1.32 operating cash flow increased 47% to $162 million —year-end business development pipeline was over $8.5 billion after record fourth quarter contract awards— —2023 guidance anticipates double-digit revenue growth, gaap eps of $4.90 and non-gaap eps of $6.30 at the midpoints— —on track to achieve 2024 adjusted ebitda 1 target of ~$245 million— reston, va. , feb. 28, 2023 /prnewswire/ -- icf (nasdaq:icfi), a global consulting and technology services provider, reported results for the fourth quarter and full year ended december 31, 2022.
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