Ameresco (AMRC) Misses Q3 EPS by 6c, Misses on Revenue; Offers Weak Guidance

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Go back to Ameresco (AMRC) Misses Q3 EPS by 6c, Misses on Revenue; Offers Weak Guidance

Ameresco Reports Third Quarter 2023 Financial Results

November 6, 2023 4:05 PM EST

Record Total Project Backlog Increased 14% Sequentially, with $708M in New Awards

Q3 Results Affected by Project Delays and Asset Downtime

Secured Over $500 Million in Financing Commitments

Resetting Guidance to Reflect Continued Industry Headwinds

Third Quarter 2023 Financial Highlights:

Revenues of $335.1 million Net income attributable to common shareholders of $21.3 million GAAP EPS of $0.40 Non-GAAP EPS of $0.40 Adjusted EBITDA of $43.3 million

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Ameresco, Inc. (NYSE:... More