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Jun 30, 2022
Ameresco Q2 2022 Earnings Report
Reported record Q2 revenue and profit with growth across all business lines.
Key Takeaways
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.
Revenues of $577.4 million, up 111%.
Net income attributable to common shareholders of $32.2 million, up 136%.
GAAP EPS of $0.61, up 135%.
Non-GAAP EPS of $0.62, up 82%.
Revenue by Segment
Forward Guidance
Ameresco reiterated its 2022 guidance for year-over-year revenue, Adjusted EBITDA, and Non-GAAP EPS growth of 52%, 34%, and 26%, respectively, at the midpoints of the guidance ranges. The company anticipates that Q3 revenue will be slightly greater than that of Q4, and second half 2022 gross margins will be approximately 18%. During 2022, Ameresco anticipates placing between 60 and 80 MWe of energy assets in service, while investing approximately $225 million to $275 million of capital, the majority of which is expected to be funded with non-recourse debt.
Positive Outlook
- Revenue: $1.83 billion - $1.87 billion
- Gross Margin: 15.5% - 16.5%
- Adjusted EBITDA: $200 million - $210 million
- Effective Tax Rate: 13% - 17%
- Non-GAAP EPS: $1.85 - $1.95
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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