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Dec 31, 2021
Ameresco Q4 2021 Earnings Report
Reported strong Q4 performance capping another year of robust growth and profitability.
Key Takeaways
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.
Revenues of $415.9 million, up 32%.
Net income attributable to common shareholders of $28.2 million, up 20%.
GAAP EPS of $0.53, up 13%.
Non-GAAP EPS of $0.50, up 6%.
Revenue by Segment
Forward Guidance
Ameresco expects another year of strong growth in 2022, with revenues in the range of $1.83 billion to $1.87 billion and Non-GAAP EPS to range from $1.85 to $1.95.
Positive Outlook
- Revenue between $1.83 billion and $1.87 billion.
- Adjusted EBITDA between $200 million and $210 million.
- Non-GAAP EPS between $1.85 and $1.95.
- Placing between 60 and 80 MWe of energy assets in service.
- Investing approximately $225 million to $275 million in capital.
Challenges Ahead
- First quarter revenue will be sequentially flat with Q4 2021.
- Total gross margin at approximately 14.5% for Q1.
- Revenue from the SCE BESS project is expected to peak during the second quarter.
- Total gross margin for the second quarter expected to be closer to 14.0%.
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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