NYSE$AMRC
Ameresco Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported strong Q4 performance capping another year of robust growth and profitability.
Ameresco reported a strong fourth quarter and full year 2021, with revenue up 32% and net income attributable to common shareholders up 20% for the quarter. The company's record total backlog and recurring revenue streams provide multi-year revenue visibility of over $5 billion.
- Revenues of $415.9 million, up 32%.
- Net income attributable to common shareholders of $28.2 million, up 20%.
- GAAP EPS of $0.53, up 13%.
- Non-GAAP EPS of $0.50, up 6%.
Headline financials
Revenue & EPS history
Ameresco · Revenue · Quarterly
$416M
Revenue by segment
Ameresco · $395M total across 3 segments · Q4 2021
- Projects$333M—84.2%
- Energy Assets$41.8M—10.6%
- Other$20.6M—5.2%
Forward guidance
Ameresco expects another year of strong growth in 2022, with revenues in the range of $1.83 billion to $1.87 billion and Non-GAAP EPS to range from $1.85 to $1.95.
Tailwinds
- Revenue between $1.83 billion and $1.87 billion.
- Adjusted EBITDA between $200 million and $210 million.
- Non-GAAP EPS between $1.85 and $1.95.
- Placing between 60 and 80 MWe of energy assets in service.
- Investing approximately $225 million to $275 million in capital.
Headwinds
- First quarter revenue will be sequentially flat with Q4 2021.
- Total gross margin at approximately 14.5% for Q1.
- Revenue from the SCE BESS project is expected to peak during the second quarter.
- Total gross margin for the second quarter expected to be closer to 14.0%.
- Third quarter total revenue is expected to look similar to the first quarter.
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 Q4 2021
+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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