Government and Technical Consulting Stocks Post Mixed Q1 Earnings

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Government and technical consulting stocks reported mixed first-quarter results, with aggregate revenues in line with analyst estimates but share prices collectively declining 3.8% on average since reporting. ICF International posted revenues of $437.5 million, down 10.3% year on year and missing estimates by 2.5%, while UL Solutions led the group with revenues of $758 million, up 7.5% and beating expectations by 1.2%. Amentum reported flat revenues of $3.48 billion, in line with estimates, but missed EPS forecasts significantly. Jacobs Solutions grew revenues 8.8% to $2.33 billion, topping estimates by 2%, and Booz Allen Hamilton saw revenues fall 6.4% to $2.78 billion, missing estimates by 2.8%.

Impact on assets 5

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UL Solutions Inc.
ULS
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Revenues up 7.5% to $758 million, beating expectations by 1.2%.