Ameresco Earnings Reports

Ameresco reported strong Q4 2024 results with a 20.7% increase in total revenue to $532.7 million. The company divested its AEG business unit and saw growth across all business lines, driven by project execution and energy asset placements. Net income attributable to common shareholders increased by 14.6% to $37.1 million, and adjusted EBITDA rose by 58.7% to $87.2 million.

Ameresco reported a strong Q3 2024 with a 49% increase in revenue, reaching $500.9 million. Adjusted EBITDA grew by 44% to $62.2 million. The company's total project backlog increased by 22% year-over-year to $4.5 billion, with contracted backlog up 56% to $1.9 billion.

Ameresco reported a strong second quarter with a 33.9% increase in total revenue, driven by a 44.5% increase in project revenue. The company's total project backlog reached a record $4.4 billion, up 36% year-over-year. However, net income attributable to common shareholders decreased to $5.0 million from $6.4 million in the same period last year.

Ameresco reported a 10.1% increase in total revenue to $298.4 million, driven by growth in Projects, Energy Assets, and O&M revenue. The company's total Project Backlog exceeded $4 billion, a 35% increase year-over-year. However, the company reported a net loss attributable to common shareholders of $2.9 million, with a GAAP EPS of ($0.06) and Non-GAAP EPS of ($0.10).

Ameresco reported strong Q4 2023 results with a 33% increase in revenue and a record project backlog of $3.9 billion. The company's strategic focus on project execution and expansion in the UK and Europe contributed to the positive momentum.

Ameresco's Q3 2023 results were affected by supply chain delays, administrative bottlenecks, and greater than expected downtime at some Energy Asset plants. Despite these challenges, the company drove substantial year-on-year and sequential increases in its project backlog and assets in development. The company secured over $500 million in financing commitments and is resetting guidance to reflect continued industry headwinds.

Ameresco announced financial results for Q2 2023, reporting revenues of $327.1 million, net income of $6.4 million, GAAP EPS of $0.12, and non-GAAP EPS of $0.15. The company's total project backlog increased by 9% sequentially, driven by $493 million in new awards. They increased their net assets in development by over 100 MW, the largest quarterly increase in the company’s history.

Ameresco reported first quarter results in line with expectations, with revenue of $271.0 million, GAAP EPS of $0.02, and Non-GAAP EPS of $0.03. The company's total project backlog increased by 13% sequentially, driven by $472 million in new awards.

Ameresco reported a decrease in revenue and earnings for the fourth quarter of 2022, with revenue down 20% to $331.7 million and net income down 36% to $17.9 million. Despite the decline, the company highlighted its continued European expansion and reiterated its 2024 adjusted EBITDA target of $300 million.

Ameresco reported a strong third quarter in 2022, with a 61% increase in revenue to $441.3 million and a 57% increase in net income to $27.4 million. The company saw growth across all business lines and reaffirmed its FY22 guidance.

Ameresco reported record second-quarter results, with revenue more than doubling, driven by the Projects business line. The company saw increases in awarded backlog and proposal activity, reflecting market share gains.

Ameresco reported strong first-quarter results with revenue up 88% year-over-year, driven by excellent execution across all lines of business and significant contributions from the SCE BESS projects. The company reaffirmed its full-year 2022 guidance, expecting continued growth and profitability.

Ameresco reported a strong fourth quarter and full year 2021, with revenue up 32% and net income attributable to common shareholders up 20% for the quarter. The company's record total backlog and recurring revenue streams provide multi-year revenue visibility of over $5 billion.

Ameresco reported a decrease in revenue to $273.7 million, but an increase in net income to $17.4 million, and Non-GAAP EPS of $0.41. The company's awarded backlog increased 11% sequentially and 31% compared to last year. They also announced a transformational contract to provide a 537.5 MW / 2.150 GWh multisite battery energy storage system for Southern California Edison (SCE).

Ameresco reported a strong second quarter with revenue up 23% year-over-year, driven by growth across all business lines. Net income increased by 213%, and the company expanded its portfolio of operating Energy Assets by 33 MWe.

Ameresco reported excellent first quarter results, exceeding expectations across all major metrics. Business conditions improved throughout the period, with strong performance in the Projects business, particularly within the Federal group, and a meaningful pickup in revenue and profit in the Energy Asset business. The company also completed a public equity offering, raising over $120 million to accelerate the growth of its recurring revenue Energy Asset business.

Ameresco reported a 3% increase in revenue to $314.3 million and a net income of $23.5 million for the fourth quarter of 2020. The company's performance was driven by continued strength in the Federal Solutions Group and growth in recurring revenue businesses.

Ameresco reported a strong third quarter in 2020, with a 33% increase in revenues to $282.5 million and a 126% increase in net income to $20.0 million. The company's performance was driven by strong execution in the Federal Solutions Group and continued expense controls, leading to significant operating leverage. Due to these strong results, Ameresco is raising its full year 2020 guidance.

Ameresco reported a 13% increase in revenue to $223.0 million for Q2 2020, driven by growth across projects, energy assets, and O&M. Net income was $4.4 million, with GAAP EPS at $0.09 and Non-GAAP EPS at $0.19. The company reaffirmed its 2020 guidance range.

Ameresco reported strong Q4 and full year 2019 financial results, with revenues up 41% in Q4. Contracted backlog increased 52% to a record $1.1 billion at year-end, and energy assets in development increased by 80% to 321 MWe.