Ameresco Earnings Call Transcripts
Fiscal Year 2026
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The meeting covered director elections, approval of an amended stock incentive plan, and ratification of the accounting firm. All proposals passed, and no questions were raised by stockholders during the Q&A.
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Revenue grew 14% year-over-year to $401 million, driven by strong project execution and backlog growth. The $400 million HASI investment will fund the Neogenyx Fuels JV, supporting accelerated biofuels growth and strategic capital deployment.
Fiscal Year 2025
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Record Q4 revenue and strong annual results were driven by robust backlog conversion, recurring revenue, and European growth. 2026 guidance calls for 9% revenue and 19% adjusted EBITDA growth, with continued investment and risk management amid industry tailwinds.
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Strong year-over-year growth was achieved across revenue, EBITDA, and project backlog, driven by surging demand for resilient energy infrastructure in data centers and industrials. Guidance for 2025 is reaffirmed, with long-term targets of 10% revenue and 20% EBITDA growth.
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Q2 saw 8% revenue and 24% adjusted EBITDA growth, with record backlog and expanding margins. European operations and energy asset revenues surged, while supply chain and regulatory risks are being actively managed. Guidance for 2025 is reaffirmed.
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Q1 saw 18% revenue and 32% adjusted EBITDA growth, with a record $4.9B backlog and strong project execution. Guidance for 2025 is reaffirmed, and risk from tariffs and federal delays is mitigated by pre-purchased equipment and contract protections.
Fiscal Year 2024
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Annual revenue and adjusted EBITDA grew 29% and 38% year-over-year, with record project backlog and energy assets in operation. 2025 guidance reflects $1.9B revenue and $235M adjusted EBITDA, incorporating potential federal project delays and regulatory risks.
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Revenue grew 49% year-over-year with record Adjusted EBITDA, driven by strong execution and diversified growth across all business lines. Project backlog and energy asset base reached new highs, and guidance for 2024 was reaffirmed, with steady margins expected into 2025.
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Panelists outlined best practices for municipal EV fleet electrification, emphasizing thorough assessments, managed charging, and advanced charge management systems to reduce costs and improve reliability. Flexible infrastructure and hybrid charging models can maximize utilization and provide employee benefits.
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Q2 revenue grew 34% year-over-year to $438M, with project revenue up 45% and backlog reaching $4.4B. Adjusted EBITDA rose 21% to $45.1M, and 2024 guidance was raised for both revenue and EBITDA. SCE project costs impacted margins, but strong demand and financing position support continued growth.