Ameresco, Inc. reports news about energy infrastructure solutions that help customers reduce energy use, modernize facilities, improve resiliency, and add distributed energy resources. Recurring updates include earnings releases, project awards, backlog trends, renewable energy assets, operations and maintenance activity, and energy efficiency work for government, education, healthcare, utility, data center, housing authority, and commercial customers.
Company announcements also cover solar installations, HVAC and LED upgrades, performance savings contracts, renewable fuels and biogas activities, sustainability reporting, and strategic capital actions tied to its energy asset portfolio. Ameresco operates across North America and Europe through segments that include North America Regions, U.S. Federal, Renewable Fuels, Europe, and other activities.
Ameresco, Inc. (NYSE:AMRC) reported solid financial results for the first quarter of 2024, showing growth in all business lines, a 45% increase in contracted backlog, and over 750 MWe in owned energy assets under development. The company reaffirmed its 2024 guidance, with revenues of $298.4 million, a net loss of $2.9 million, GAAP EPS of ($0.06), and adjusted EBITDA of $30.8 million. CEO George Sakellaris highlighted significant growth opportunities, record levels of project backlog, and the strategic focus on better win rates and improved margins in core markets. Ameresco's robust results support expectations for substantial growth in 2024, with multi-year visibility on profitable revenue growth. The company also reaffirmed its full-year 2024 guidance, expecting revenue and adjusted EBITDA growth of 20% and 38% respectively.
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