Ameresco, Inc. 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.
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