ICF Wins $70M LA County Energy Efficiency Work Orders
ICFI sits 41% above its 52-week low of $58.83.
Summary
ICF International secured two new multiyear work orders under the County of Los Angeles Energy Support Services Master Agreement, with a combined ceiling value of approximately $70 million. The work orders, awarded in early August 2026, expand ICF's role as one of three implementers for SoCalREN's public sector energy efficiency programs. This adds to ICF's existing residential and agricultural portfolios under the master agreement. The contract is subject to the county's decision to exercise renewal options, so the full $70 million is not guaranteed. This award follows ICF's Q2 2026 results, which showed a 14% jump in net income and strong operating cash flow. The company will release Q3 earnings on November 5, 2026, which may provide further detail on the revenue impact of this work.
At the time of this announcement, ICFI was trading at $83.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $58.83 to $98.03. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.