Executive Mosaic is glad to unveil ICF Chief Financial Officer James Morgan as the latest member of the 2017 Wash100 — Executive Mosaic’s annual selection of the government contracting arena’s most influential voices.
Morgan joined the Fairfax, Va.-based government and commercial consulting services contractor in July 2012 as CFO after a one-year stint in that same role at Serco Inc. — the British contractor’s U.S. subsidiary — and 18 years at Science Applications International Corp., where he more recently served as senior vice president and business transformation officer.
ICF’s revenue has climbed 20 percent to $1.1 billion over three years through 2015, while sales to government agencies in the U.S. have risen 30.6 percent to $734.5 million and earnings per share have increased 38 percent to $2.64 EPS in that time.
For calendar year 2016, ICF’s sales have exceeded Wall Street’s expectations in all three reported quarters to-date with earnings either in-line or above in those periods with full-year results scheduled to be released Feb. 27.
Third quarter revenue climbed 6 percent year-over-year to $306.5 billion on what Morgan described to investors in October as roughly 50-50 contributions to the increase from commercial and U.S.-based government customers at the federal, state and local levels.
“(That) more than compensated for the decline in international government revenue, which continued to be impacted by program delays and changes in foreign currency exchange rates,” Morgan said in the October third quarter conference call.
This year represents our fifth annual Wash100 award selection. The Wash100 is the premier group of private and public sector leaders selected by Executive Mosaic's organizational and editorial leadership as the most influential leaders in the GovCon sector. These leaders demonstrate skills in leadership, innovation, achievement, and vision.