Ameresco, Inc.
39.55-1.25 (-3.06%)
Oct 29, 4:00:02 PM EDT · NYSE · AMRC · USD
Key Stats
Market Cap
2.08BP/E (TTM)
33.80Basic EPS (TTM)
1.17Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Ameresco posted solid Q2 results, with revenues climbing 7.8% year-over-year to $472.3M, fueled by project gains and a 18% jump in energy asset income from portfolio expansion, while gross margins edged up to 15.5% on better mix. Operating income surged 32.6% to $27.8M, though net income of $15.5M trailed operating figures due to $19.9M in interest expenses from higher debt loads. Cash dipped to $81.6M amid $55.2M operating outflow (derived from working capital swings), but $221.9M in financing inflows—led by $290.2M energy asset debt—bolstered liquidity; revolver availability sits at $9.8M with no covenant breaches noted. Europe stole the show, revenues doubling to $141.9M on Greek JV momentum. Acquisitions like ASA Controls added $3.9M cash outlay and $3.1M goodwill. Supply chain snarls linger as a drag.
8-K
Strong Q2 revenue, EBITDA growth
Ameresco reported Q2 2025 revenues of $472.3 million, up 8% year-over-year, with adjusted EBITDA surging 24% to $56.1 million on strong Europe and energy asset growth. Total project backlog hit a record $5.1 billion, fueled by energy infrastructure demand, while the company added 7 MWe of operating assets. Backlog visibility remains robust. Yet risks from supply chain disruptions loom.
8-K
Stockholders approve officer liability amendment
Ameresco's stockholders approved an amendment to its Restated Certificate of Incorporation at the June 4, 2025 annual meeting, limiting officer liability under new Delaware law; the change took effect June 5 upon filing. They also elected Jennifer Miller and Nickolas Stavropoulos as class III directors through 2028 and ratified RSM US LLP as auditors for 2025. Votes favored the amendment 101 million to 14 million. This shields officers from certain breaches, aligning with governance trends.
10-Q
Q1 FY2025 results
Ameresco posted Q1 FY2025 revenues of $352.8M, up 18.2% y/y from $298.4M, fueled by strong project gains in North America and Europe, though U.S. Federal dipped 58.5% on timing shifts. Gross profit hit $51.9M (14.7% margin), edging down from 15.7% amid lower-margin European deals, while operating income surged 71.3% to $13.7M on controlled SG&A. Yet net loss widened to $5.5M ($0.10 diluted EPS) from $2.9M, driven by $18.1M other expenses—up 27.8% on higher interest and derivative hits—versus $14.2M last year; the gap stems mainly from interest and fair-value changes. Cash dipped to $71.6M with negative $28.3M operating flows, offset by $114.5M financing inflows; total debt stands at $1.76B, with $24.6M revolver availability under covenants. Acquired ASA Controls in January 2025 for $4.0M cash, adding $1.6M goodwill and intangibles. Supply chain snarls pose ongoing risks.
8-K
Q1 revenue up 18%, backlog soars
Ameresco kicked off 2025 with Q1 revenue surging 18% to $352.8 million, fueled by 23% growth in projects and 31% in energy assets, while adjusted EBITDA jumped 32% to $40.6 million. Contracted backlog ballooned 78% to $2.6 billion, pushing total revenue visibility to nearly $10 billion. Strong backlog fuels resilience. The company holds 2025 guidance steady at $1.85-1.95 billion revenue and $225-245 million adjusted EBITDA, though tariffs may stretch timelines.
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