Ameresco Q3 net income $17.4M; raises FY21 guidance; secures 537.5 MW SCE BESS contract

Ameresco, Inc.

2021-Q3 EPS reported $0.81 revenue$799,804,000

Revenue $273.7M, down 3% YoY; GAAP EPS $0.33; Non-GAAP EPS $0.41 (+8% YoY).
Adjusted EBITDA $40.2M (+9% YoY); Energy Asset revenue up 29% to $39.2M; O&M revenue up 12%.
Awarded backlog $1.59B, up 11% sequentially and 31% YoY; total project backlog $2.36B.
Raised FY21 guidance: Revenue $1.19B-$1.24B; Adj. EBITDA $145M-$155M; Non-GAAP EPS $1.39-$1.47.
Announced 537.5 MW/2.150 GWh multisite battery storage contract with Southern California Edison (largest in company history).

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