Ameresco Beats Earnings and Revenue Expectations in Q2 2023

Ameresco Reports Strong Second Quarter Performance with Significant Earnings and Revenue Surpass Expectations In its latest financial disclosure, Ameresco (NYSE: AMRC) announced robust second quarter results, with non-GAAP earnings per share (EPS) reaching $0.27—well above analysts' estimates by $0.20. The company's revenue for the quarter totaled $472.3 million, representing a 7.8% year-over-year increase and exceeding projections by approximately $57 million. Looking ahead, Ameresco provided its fiscal year 2025 guidance, projecting revenue between $1.85 billion and $1.95 billion. The company anticipates gross margins to range from 15.5% to 16.0%, with adjusted EBITDA expected to be between $225 million and $245 million. Other financial metrics include depreciation and amortization expenses estimated at $103–$105 million, interest and other expenses between $85 million and $90 million, and an effective tax rate projected at (50)% to (35)%. The company also expects non-GAAP EPS to be in the range of $0.70 to $0.90, with income attributable to non-controlling interests between $(5) million and $(8) million.