Monitor the pace of execution against the expanded authorization over the next 2-4 quarters. If the company actively deploys the $165 million at current valuation, it would reduce share count by ~10-13%.
Price Chart
Executive Summary
ICF's board approved a $100 million increase to its share repurchase authorization, bringing total authority to $400 million, with $165 million remaining after year-to-date buybacks of ~435,000 shares for $29 million. The company cited confidence in long-term prospects, a substantial backlog, and robust pipeline. This is a routine capital allocation update with no financial results or guidance provided.
Key Facts
- Board approved $100 million increase to share repurchase program, raising authorization from $300 million to $400 million
- After the increase and YTD purchases, approximately $165 million in buyback authority remains available
- ICF has repurchased approximately 435,000 shares year-to-date for total consideration of $29 million
- Program has no expiration date and does not obligate the company to repurchase any specific amount
- CEO John Wasson cited substantial backlog and robust new business development pipeline as support for the increase
- Company intends to maintain dividend payments alongside repurchases
Financial Impact
Additional $100 million in repurchase capacity, with $165 million total remaining — represents ~13.8% of $1.2B market cap at announcement
Risk Factors
- Program can be changed, suspended or discontinued at any time at board discretion
- No specified expiration date — execution timing is uncertain
- Buybacks compete with organic investments and acquisition priorities for capital
- Share buyback programs alone do not offset declining fundamentals
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-021699 |
| Exhibit: ex_981428.htm | 0001437749-26-021699 |
| Document: 0001437749-26-021699-index-headers.html | 0001437749-26-021699 |
| Document: 0001437749-26-021699-index.html | 0001437749-26-021699 |
| Document: 0001437749-26-021699.txt | 0001437749-26-021699 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | Institutional Cluster | $88.77 $93.33 | ▲ +5.14% | ▲ +6.15% | $94.74 (+6.73%) |
Oct 9, 2026 17d ago | SC 13G | $87.55 $89.43 | ▲ +2.15% | ▲ +4.12% | $94.74 (+8.21%) |
Oct 9, 2026 17d ago | SC 13G | $87.55 $89.43 | ▲ +2.15% | ▲ +4.12% | $94.74 (+8.21%) |
Sep 28, 2026 28d ago | Press Release | $83.12 $83.09 | ▼ −0.04% | ▼ −1.98% | $94.74 (+13.98%) |
Sep 2, 2026 7w ago | Insider Cluster | $89.86 $85.95 | ▼ −4.35% | ▼ −3.20% | $94.74 (+5.43%) |
Jun 25, 2026 17w ago | 8-K | $71.51 $74.99 | ▲ +4.87% | ▲ +2.70% | $94.74 (+32.48%) |
Jun 24, 2026 17w ago | 8-K | $65.11 $72.45 | ▲ +11.27% | ▲ +9.71% | $94.74 (+45.51%) |
Apr 24, 2026 26w ago | DEFA14A | $67.47 $71.66 | ▲ +6.21% | ▲ +5.30% | $94.74 (+40.42%) |
Apr 22, 2026 26w ago | DEFA14A | $66.95 $68.57 | ▲ +2.42% | ▲ +0.94% | $94.74 (+41.51%) |
Apr 16, 2026 27w ago | 8-K | $70.53 $67.47 | ▼ −4.34% | ▼ −4.89% | $94.74 (+34.33%) |
US Market Status
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