NYSE$AMRC
Ameresco Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported record Q2 revenue and profit with growth across all business lines.
Ameresco reported record second-quarter results, with revenue more than doubling, driven by the Projects business line. The company saw increases in awarded backlog and proposal activity, reflecting market share gains.
- Revenues of $577.4 million, up 111%.
- Net income attributable to common shareholders of $32.2 million, up 136%.
- GAAP EPS of $0.61, up 135%.
- Non-GAAP EPS of $0.62, up 82%.
Headline financials
Revenue & EPS history
Ameresco · Revenue · Quarterly
$577M
Revenue by segment
Ameresco · $577M total across 4 segments · Q2 2022
- Projects$489M+149.2%84.7%
- Energy Assets$42.9M+16.3%7.4%
- Other$24.3M+15.2%4.2%
- O&M$21.1M+7.7%3.7%
Forward guidance
Ameresco reiterated its 2022 guidance for year-over-year revenue, Adjusted EBITDA, and Non-GAAP EPS growth of 52%, 34%, and 26%, respectively, at the midpoints of the guidance ranges. The company anticipates that Q3 revenue will be slightly greater than that of Q4, and second half 2022 gross margins will be approximately 18%. During 2022, Ameresco anticipates placing between 60 and 80 MWe of energy assets in service, while investing approximately $225 million to $275 million of capital, the majority of which is expected to be funded with non-recourse debt.
Tailwinds
- Revenue: $1.83 billion - $1.87 billion
- Gross Margin: 15.5% - 16.5%
- Adjusted EBITDA: $200 million - $210 million
- Effective Tax Rate: 13% - 17%
- Non-GAAP EPS: $1.85 - $1.95
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+1.2%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+7.3%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+28.1%
Q3 2018
Best reaction
-35.6%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -4.5% | +6.0% | |
| Q4 2025 | -9.9% | -17.0% | -20.5% | |
| Q3 2025 | -10.2% | -11.8% | -14.8% | |
| Q1 2025 | +11.4% | +14.9% | +27.7% | |
| Q4 2024 | -35.6% | -45.8% | -32.6% | |
| Q3 2024 | -17.6% | -17.7% | -13.6% | |
| Q2 2024 | +4.8% | -2.5% | +6.9% | |
| Q1 2024 | +18.7% | +21.7% | +56.5% | |
| Q4 2023 | +3.0% | -11.0% | +18.6% | |
| Q3 2023 | -24.0% | -25.2% | +1.4% | |
| Q2 2023 | -8.3% | -12.9% | -24.5% | |
| Q1 2023 | +7.9% | +3.4% | +3.6% | |
| Q4 2022 | -12.5% | -9.0% | -8.7% | |
| Q3 2022 | -14.0% | -12.5% | +8.1% | |
| Q2 2022 | +11.8% | +15.2% | +20.3% | |
| Q1 2022 | +15.6% | +11.5% | +15.5% | |
| Q4 2021 | +9.9% | +8.2% | +39.7% | |
| Q3 2021 | +13.9% | +18.7% | +7.0% | |
| Q2 2021 | -9.5% | -5.7% | +1.6% | |
| Q1 2021 | -4.8% | +3.2% | +7.5% | |
| Q4 2020 | -0.7% | -24.7% | -14.9% | |
| Q3 2020 | +13.3% | +12.0% | +15.8% | |
| Q2 2020 | +11.5% | +9.6% | +13.2% | |
| Q1 2020 | +12.4% | +14.9% | +31.0% | |
| Q4 2019 | -0.2% | -4.7% | -29.2% | |
| Q3 2019 | +1.6% | +2.5% | +6.7% | |
| Q2 2019 | +8.8% | +7.5% | +6.3% | |
| Q1 2019 | -9.3% | -8.5% | -9.1% | |
| Q4 2018 | -1.1% | -10.0% | -8.4% | |
| Q3 2018 | +28.1% | +22.6% | +23.7% | |
| Q2 2018 | +0.3% | -1.4% | -4.2% | |
| Q1 2018 | -4.6% | -3.4% | +0.8% | |
| Q4 2017 | +19.2% | +28.7% | +55.1% | |
| Q3 2017 | +1.9% | +0.6% | +9.0% | |
| Q2 2017 | +9.6% | +12.0% | +16.0% | |
| Q1 2017 | +2.3% | +7.0% | +6.3% | |
| Q4 2016 | +15.4% | +14.4% | +26.0% | |
| Q3 2016 | +11.5% | +3.1% | +25.0% | |
| Q2 2016 | +3.0% | +4.7% | +8.3% | |
| Q1 2016 | +14.5% | — | — | |
| Q4 2015 | -16.6% | — | — | |
| Q3 2015 | +0.9% | — | — | |
| Q2 2015 | +3.8% | — | — | |
| Q1 2015 | -1.1% | — | — | |
| Q4 2014 | +11.7% | — | — | |
| Q3 2014 | -2.3% | — | — | |
| Q2 2014 | +12.4% | — | — | |
| Q1 2014 | -5.7% | — | — | |
| Q4 2013 | -23.9% | — | — | |
| Q3 2013 | -12.8% | — | — | |
| Q2 2013 | -5.8% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | -6.9% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | -3.4% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q1 2012 | -3.1% | — | — | |
| Q4 2011 | +5.5% | — | — | |
| Q2 2011 | +5.5% | — | — | |
| Q4 2009 | +5.5% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q3 2010 | +1.1% | — | — | |
| Q1 2010 | +9.2% | — | — | |
| Q2 2010 | +9.2% | — | — | |
| Q4 2010 | +9.2% | — | — |
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