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Ameresco, Inc. (AMRC)
NYSE:AMRC
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.15Last Year’s EPS
-0.11Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong execution, record quarterly revenue (+9% YoY), backlog expansion (total awarded backlog > $2.5B, +13% YoY), improved margins (gross margin 16.2%) and robust 2026 guidance (revenue +9%, adjusted EBITDA +19%). Recurring revenue streams and a diversified backlog provide over $10B of long-term revenue visibility. Key challenges are manageable timing and execution risks from a Q4 federal shutdown, severe weather (including irrecoverable damage to three assets), ongoing supply chain/tariff/commodity volatility, and near-term EPS pressure from a growing asset base. Overall, the positives — strong top-line growth, backlog conversion, asset additions and margin discipline — materially outweigh the operational and policy headwinds, supporting an optimistic outlook for 2026.Company Guidance
Record Quarterly Revenue and YoY Growth
Q4 record revenue of $581.0M, up 9% year-over-year, demonstrating broad-based growth across all four business lines.
Strong Projects and Recurring Revenue Performance
Projects revenue grew 11% YoY; recurring O&M revenue increased 11% YoY with long-term O&M backlog of approximately $1.5B.
Energy Asset Growth and Capacity Adds
Placed 87 MW into operation in Q4 and 121 MW for the full year (exceeding guidance); total operating assets increased to 838 MW; added 30 MW to assets in development.
Backlog Expansion and Conversion
Converted a record $1.5B of project backlog into revenue during the year; total awarded backlog exceeded $2.5B (up 13% YoY) and total project backlog remained above $5B.
Long-Term Revenue Visibility
Combined project backlog, recurring O&M and operating assets provide over $10B of long-term revenue visibility.
Margin Improvement and Profitability Metrics
Gross margin of 16.2% (up sequentially and YoY); adjusted EBITDA of $70M with a 12% margin; GAAP EPS $0.34 and non-GAAP EPS $0.39 for the quarter.
Balance Sheet and Financing Activity
Ended quarter with ~$72M cash and ~$300M corporate debt; leverage under senior secured facility 2.7x (comfortably below 3.5x covenant); secured ~ $175M of new project financing commitments during the quarter.
Guidance for 2026 Demonstrates Continued Growth
2026 guidance at midpoint: revenue approximately $2.1B (≈+9% YoY) and adjusted EBITDA $283M (≈+19% YoY); expected asset placements of 100–120 MW including two RNG plants.
European Expansion and Diversification
Europe was a strong contributor — strategy combining opportunistic acquisitions and partnerships (e.g., 51% JV with SUNEL) produced large wins (including Romania) and provided geographic diversification.
Operational Discipline Driving Margin Upside
Management cited tighter project selection, improved pricing and cost controls as drivers of margin improvement and higher-quality backlog.
AMRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AMRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | $30.95 | $27.90 | -9.85% |
Sep 30, 2025 | $33.58 | $37.54 | +11.79% |
Aug 04, 2025 | $16.70 | $24.88 | +48.98% |
May 05, 2025 | $11.63 | $13.00 | +11.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ameresco, Inc. (AMRC) report earnings?
Ameresco, Inc. (AMRC) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Ameresco, Inc. (AMRC) earnings time?
Ameresco, Inc. (AMRC) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMRC EPS forecast?
AMRC EPS forecast for the fiscal quarter 2026 (Q1) is -0.15.