Ameresco soars after Q4 beat

Mar. 02, 2017 9:53 AM ETAmeresco, Inc. (AMRC) StockAMRCBy: Yoel Minkoff, SA News Editor
  • Net income of $3.5M, or $0.08 per diluted share vs. $4.2M, or $0.09 per diluted share in the same quarter a year ago. Adjusted EBITDA of $56.2M, up 23%.
  • Total project backlog +11% to $1.5B; Contracted backlog +37% to $534.1M; Assets in development +35% to $228.3M.
  • Authorized a share repurchase increase to $15M, up from $10M, of Ameresco (AMRC +18.3%) Class A common stock.
  • Guidance for 2017: Net income per diluted share of $0.37-$0.43; Revenue of $665M-$700M; Adjusted EBITDA of $60M-$65M.
  • Q4 results

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