Ameresco Reports Third Quarter 2019 Financial Results
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Ameresco (AMRC) Misses Q3 EPS by 7c, Revenues Miss; Offers FY19 EPS/Revenue Mid-Point Guidance Above Consensus
November 5, 2019 6:16 AM ESTAmeresco (NYSE: AMRC) reported Q3 EPS of $0.19, $0.07 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $212 million versus the consensus estimate of $235.4 million.
Third Quarter 2019 Financial Highlights:
Revenues of $212.0 millionNet income attributable to common shareholders of $8.9 millionNet income per diluted share of $0.19Adjusted EBITDA of $23.9 millionTotal project backlog of $2.2 billionRecord high project awards of $343 millionAmeresco Assets in development added 37 MWeRecord Smart Energy Solutions Awards Significant Growth of Ameresco Assets in Development Timing Issues... More