Ameresco Updates Full Year 2012 Outlook Ahead Of Earnings Release On March 1, 2013
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
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. In conjunction with its earnings conference call and press release, the Company will provide management's prepared remarks concerning fourth quarter and fiscal year 2012 results. These prepared remarks will be furnished on a Current Report on Form 8-K and also posted to the “Investor Relations” section of the Company's website in advance of its earnings conference call. Participants may access the earnings conference call by dialing domestically 888.680.0890 or internationally 617.213.4857. The passcode is 56300132. Participants are advised to dial into the call at least ten minutes prior to the call to register. A live, listen-only webcast of the conference call will also be available over the Internet. Individuals wishing to listen can access the call through the "Investor Relations" section of the Company’s website at www.ameresco.com. Pre-Registration for the call is also available at: https://www.theconferencingservice.com/prereg/key.process?key=PCA4KWFDK. Pre-registrants will be issued a pin number to use when dialing into the live call which will provide faster access to the conference by bypassing the operator upon connection. If you are unable to listen to the live call, the webcast will be archived on the Company’s website shortly after the call and be available for one year.