Ameresco, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 28, 2024 at 04:10 pm EST
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Ameresco, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 441.37 million compared to USD 331.73 million a year ago. Net income was USD 33.74 million compared to USD 17.94 million a year ago. Basic earnings per share from continuing operations was USD 0.65 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.64 compared to USD 0.34 a year ago.
For the full year, sales was USD 1,374.63 million compared to USD 1,824.42 million a year ago. Net income was USD 62.47 million compared to USD 94.93 million a year ago. Basic earnings per share from continuing operations was USD 1.2 compared to USD 1.83 a year ago. Diluted earnings per share from continuing operations was USD 1.17 compared to USD 1.78 a year ago.
Ameresco, Inc. is a cleantech integrator and renewable energy asset developer, owner and operator. The Companyâs comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. The Companyâs segments include U.S. Regions, U.S. Federal, Canada, Alternative Fuels, Europe and All Other. Its U.S. Regions, U.S. Federal, Canada, and Europe segments offer energy efficiency products and services which include the design, engineering and installation of equipment and other measures. Its Alternative Fuels segment sells electricity and processed renewable natural gas (RNG) derived from biomethane from small-scale plants that it owns and operates and provides operations and maintenance (O&M) services for customer owned small-scale RNG plants. The Companyâs All Other segment offers consulting services and the sale of solar photovoltaic (PV) energy products and systems.