Jun. 25 at 8:51 PM
ICF International announced a
$100 million increase to its share repurchase authorization, boosting its total remaining buyback capacity to
$165 million from the previous
$65 million.
The company has already repurchased about 435,000 shares this year for approximately
$29 million. CEO John Wasson said the expanded authorization reflects management’s confidence in ICF’s long-term growth prospects, supported by a substantial backlog and a strong pipeline of new business opportunities.
Wasson noted that ICF intends to use its robust cash flow to return additional capital to shareholders through share repurchases while maintaining dividend payments. The company also plans to continue funding organic growth initiatives and pursuing strategic acquisitions.
The expanded buyback program signals confidence in the business outlook and provides additional flexibility for shareholder returns.
$ICFI