Hannon Armstrong Q3 2020 Earnings Report
Key Takeaways
Hannon Armstrong announced third-quarter results, demonstrating resilience amidst the global pandemic with significant capital raised and invested in climate change solutions. The company reported GAAP EPS of $0.28 and Core EPS of $0.33. They also declared a quarterly dividend of $0.34 per share.
GAAP EPS was $0.28 for the quarter and $0.78 year-to-date.
Core EPS was $0.33 for the quarter and $1.12 year-to-date.
Closed $716 million of transactions in the quarter.
Declared a quarterly dividend of $0.34 per share payable in January 2021.
Hannon Armstrong
Hannon Armstrong
Forward Guidance
The Company expects that annual core earnings per share in 2020 (pre-CECL provision) will exceed the previously communicated guidance midpoint of $1.43, reflecting 2018 to 2020 annual Core EPS growth above the midpoint of the 2% to 6% from the 2017 baseline.