Ameresco Offers Update to FY12 Guidance
Ameresco, Inc. (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced that the Company is updating its revenue and net income outlook for full year 2012, based upon preliminary financial results.
Fourth quarter financial results were impacted by storm-related weather delays as well as an even more challenging solar market related to, we believe, heightened fourth quarter fiscal uncertainty. As a result, Ameresco now expects full year 2012 revenue to be approximately $630 million and full year 2012 net income to be in the range of $17 to $19 million.
“We remain confident about the long-term fundamentals of our business as well as the demand for energy efficiency,” stated George P. Sakellaris, President and Chief Executive Officer of Ameresco. “Total construction backlog of awarded projects and fully-contracted backlog maintained a record level at approximately $1.5 billion.”
Ameresco will release final financial results for the fourth quarter and full year 2012 before the market opens on Friday, March 1, 2013. The earnings press release will be available on the “Investor Relations” section of the Company's website at www.ameresco.com. The Company will host an earnings conference call at 8:30 a.m. ET the same day.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.