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Jun 30, 2023
Ameresco Q2 2023 Earnings Report
Ameresco reported strong second quarter results, driven by growth in project backlog and assets in development.
Key Takeaways
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.
Revenues of $327.1 million
Net income attributable to common shareholders of $6.4 million
GAAP EPS of $0.12
Non-GAAP EPS of $0.15
Ameresco
Ameresco
Ameresco Revenue by Segment
Revenue by Segment
Projects Revenue
CapyFin.comEnergy Assets Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Ameresco reaffirms its 2023 guidance, anticipating adjusted EBITDA growth of 5% at the midpoint.
Positive Outlook
- Revenue between $1.45 billion and $1.55 billion
- Gross Margin between 19.5% and 20.0%
- Adjusted EBITDA between $210 million and $220 million
- Interest Expense & Other between $30 million and $35 million
- Non-GAAP EPS between $1.80 and $1.90
Revenue & Expenses
Visualization of income flow from segment revenue to net income