Core Viewpoint - Ameresco reported quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.51 per share, and showing a decline from $0.40 per share a year ago, resulting in an earnings surprise of -37.25% [1] Financial Performance - The company posted revenues of $500.87 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.90%, and showing an increase from year-ago revenues of $335.15 million [2] - Over the last four quarters, Ameresco has exceeded consensus revenue estimates four times [2] Stock Performance - Ameresco shares have increased approximately 1.5% since the beginning of the year, compared to the S&P 500's gain of 24.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.62 on revenues of $524.81 million, and for the current fiscal year, it is $1.15 on revenues of $1.75 billion [7] - The estimate revisions trend for Ameresco is mixed, which may change following the recent earnings report [6] Industry Context - The Alternative Energy - Other industry, to which Ameresco belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Financial Performance - Total revenue increased by 49% year-over-year to $500.9 million, with project revenue growing by 59%[1] - Net income attributable to common shareholders was $17.6 million, down from $21.3 million in the same period last year[3] - Adjusted EBITDA reached a record $62.2 million, representing a 43.6% increase[4] - Total revenues for the three months ended September 30, 2024, were $500,873,000, a 49.4% increase from $335,149,000 for the same period in 2023[22] - Gross profit for the three months ended September 30, 2024, was $77,139,000, compared to $63,656,000 for the same period in 2023, reflecting a gross margin improvement[22] - Operating income for the three months ended September 30, 2024, was $35,159,000, compared to $21,430,000 for the same period in 2023, reflecting improved operational efficiency[22] - Adjusted EBITDA for the three months ended September 30, 2024, was $62,194, with an adjusted EBITDA margin of 12.4%[25] - Net income for the nine months ended September 30, 2024, decreased to $16,030, down 48% from $30,812 in the same period of 2023[23] - Adjusted EBITDA for the nine months ended September 30, 2024, reached $138,156, with a margin of 11.2%[27] Backlog and Contracts - Total project backlog grew by 22% year-over-year to $4.5 billion, with contracted backlog increasing by 56% to $1.9 billion[2] - New contracts awarded in the three months ended September 30, 2023, totaled $341,140 thousand, compared to $799,380 thousand in the same period of 2022, indicating a decline of approximately 57.3%[30] - New awards for the nine months ended September 30, 2024, reached $1,534,824 thousand, compared to $1,673,625 thousand in the same period of 2023, reflecting a decrease of approximately 8.3%[30] Cash and Liquidity - The company ended the quarter with $113.5 million in cash and an Adjusted Cash from Operations of $34.4 million[5] - Cash and cash equivalents increased to $113,502,000 as of September 30, 2024, from $79,271,000 as of December 31, 2023, indicating improved liquidity[20] - Cash flows from operating activities for the nine months ended September 30, 2024, were $99,222, compared to a negative cash flow of $40,421 in the same period of 2023[23] - Cash flows from operating activities for the three months ended September 30, 2023, were $25,091 thousand, a significant improvement from $(6,572) thousand in the same period of 2022[29] - Cash flows from investing activities for the nine months ended September 30, 2024, were $(355,392), an improvement from $(465,193) in 2023[23] Assets and Liabilities - Total current assets increased to $1,224,551,000 as of September 30, 2024, compared to $1,128,471,000 as of December 31, 2023, driven by higher accounts receivable and cash balances[20] - Total assets reached $3,982,238,000 as of September 30, 2024, up from $3,713,776,000 at the end of 2023, indicating strong growth in the asset base[21] - Current liabilities increased to $964,667,000 as of September 30, 2024, compared to $901,471,000 as of December 31, 2023, primarily due to higher accounts payable[20] Debt and Financial Ratios - Corporate debt was reported at $272.5 million, with a corporate leverage ratio of 2.8X, below the covenant level of 3.5X[5] - The company anticipates continued growth in revenues and profitability, driven by market expansion and new product developments[19] - The company reaffirmed its full-year 2024 guidance, expecting revenue growth of 27% and Adjusted EBITDA growth of 35% at midpoints[13] Other Financial Metrics - The company reported a net loss attributable to non-controlling interests of $585,000 for the three months ended September 30, 2024, compared to a net income of $423,000 in the same period of 2023[22] - The company experienced a significant increase in costs and estimated earnings in excess of billings, totaling $126,694 for the nine months ended September 30, 2024, compared to $5,260 in 2023[23] - Stock-based compensation expense for the nine months ended September 30, 2024, was $10,368, down from $12,318 in the same period of 2023[23] - The company reported a net gain from derivatives of $(267) for the nine months ended September 30, 2024, compared to a loss of $(3,306) in 2023[23] - Non-GAAP net income for the three months ended September 30, 2023, was $16,843 thousand, a decrease from $21,144 thousand in the same period of 2022, representing a decline of approximately 20.8%[29] - Diluted net income per common share for the three months ended September 30, 2023, was $0.33, down from $0.40 in the prior year, reflecting a decrease of 17.5%[29]

Core Viewpoint - Ameresco, Inc. has been recognized as the 2024 Company of the Year in the Energy Services industry by Frost & Sullivan, highlighting its leadership in providing innovative and cost-effective energy solutions that support decarbonization and infrastructure upgrades [1][6]. Company Overview - Ameresco is a cleantech integrator and renewable energy asset developer, offering a comprehensive portfolio of solutions aimed at reducing costs, achieving net-zero emissions, and enhancing energy resiliency [1][8]. - The company operates across the United States, Canada, the United Kingdom, and Europe, leveraging its project management capabilities to deliver energy solutions on time and within budget [2][8]. Innovation and Services - Ameresco's innovations include battery energy storage systems (BESS), microgrids, solar energy, renewable natural gas (RNG), electric vehicle (EV) charging infrastructure, and water management, which help clients meet their sustainability goals [3][4]. - The company emphasizes a customer-centric approach, aligning its energy services with clients' specific environmental and operational objectives [3][4]. Market Position and Strategy - Ameresco plans to expand geographically and technologically, focusing on emerging markets such as microgrid solutions and long-duration battery storage, which positions it for further market share growth [5]. - The company's strong execution capabilities and attention to detail foster long-lasting client relationships and create an ecosystem of trust with stakeholders [4][5]. Recognition and Awards - The Frost & Sullivan Company of the Year award recognizes organizations that demonstrate excellence in growth strategy, innovation, and customer value, underscoring Ameresco's leadership in the energy services sector [6][7].

Investors in Ameresco, Inc. (AMRC) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $22.50 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. Commission File Number: 001-34811 Ameresco, Inc. (Exact name of registrant as specified in its charter) Delaware 04-3512838 (State ...

Ameresco, Inc. (NYSE:AMRC) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Leila Dillon - SVP, Marketing & Communications George Sakellaris - Chairman, President & CEO Nicole Bulgarino - EVP & General Manager, Federal & Utility Solutions Mike Bakas - EVP, Renewable Natural Gas Doran Hole - EVP & CFO Mark Chiplock - SVP & Chief Accounting Officer Conference Call Participants Noah Kaye - Oppenheimer & Co Stephen Gengaro - Stifel George Gianarikas - Canaccord Genuity Kashy Harri ...

Exhibit 99.1 Ameresco Reports Second Quarter 2024 Financial Results Strong Revenue Growth Led by 45% Increase in Project Revenue Total Project Backlog Increased 36% Y/Y to a Record $4.4 billion; Contracted Backlog up 51% Record 155 MWe Energy Assets Placed into Operation During the Quarter Adjusting 2024 Guidance Second Quarter 2024 Financial Highlights: • Revenues of $438.0 million • Net income attributable to common shareholders of $5.0 million • GAAP EPS of $0.09 • Non-GAAP EPS of $0.10 • Adjusted EBITDA ...

Ameresco, Inc. (NYSE:AMRC) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Leila Dillon – Senior Vice President, Marketing & Communications George Sakellaris – Chairman, President, and Chief Executive Officer Doran Hole – Executive Vice President and Chief Financial Officer Mark Chiplock – Senior Vice President and Chief Accounting Officer Conference Call Participants Noah Kaye – Oppenheimer & Co. Inc. Moses Sutton – BNP Eric Stine – Craig Hallum Joseph Osha – Guggenheim Leanne ...

Q1 2024 Supplemental Information May 7, 2024 ...

Ameresco (AMRC) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this energy services company would post earnings of $0.60 per share when it actually produced earnings of $0.69, delivering a surprise of 15%.Over the last four quarters, the company ...