Ameresco Beats Revenue, Trims Earnings Guidance

Ameresco exceeded first quarter 2026 revenue expectations with $411.5 million, a 13.8% increase from last year and surpassing Wall Streets $367 million forecast. Despite maintaining full-year revenue guidance at $2.1 billion, they lowered adjusted EPS guidance to $1.17, a 4.5% decrease, and EBITDA guidance to $260 million, below the expected $279 million. The stock fell 5.2% to $29.85 after hours, despite positive free cash flow of $34.9 million, compared to a $136 million loss last year. CEO George Sakellaris attributed the solid start to over $500 million in new project awards, boosting their backlog by 20% to nearly $2.8 billion. Long-term, Amerescos revenue has grown at 13.1% annually over five years, but profitability lags with shrinking margins and EPS down 12% yearly. Investors will monitor if this backlog translates into sustained profits. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1bdbdb2c4dbea43f