FRAMINGHAM, Mass. -- (Business Wire)
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
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
“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
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.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent
provider of comprehensive services, energy efficiency, infrastructure
upgrades, asset sustainability, and renewable energy solutions for
facilities throughout North America. Ameresco’s services include
upgrades to a facility’s energy infrastructure and the development,
construction and operation of renewable energy plants. Ameresco has
successfully completed energy saving, environmentally responsible
projects with federal, state and local governments, healthcare and
educational institutions, housing authorities, and commercial and
industrial customers. With its corporate headquarters in Framingham, MA,
Ameresco provides local expertise through its 63 offices in 34 states
and five Canadian provinces. Ameresco has more than 900 employees. For
more information, visit www.ameresco.com.
Safe Harbor Statement
This press release contains preliminary unaudited financial results for
the full year 2012. Actual results may differ from those stated as a
result of audit and finalization of our full year 2012 financial
Other statements in this press release about future expectations, plans
and prospects for Ameresco, Inc., including statements about pipeline
and backlog, as well as estimated future revenues and net income, and
other statements containing the words “projects,” “believes,”
“anticipates,” “plans,” “expects,” “will” and similar expressions,
constitute forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those indicated by such forward-looking statements as a
result of various important factors, including the timing of, and
ability to, enter into contracts for awarded projects on the terms
proposed; the timing of work Ameresco does on projects where it
recognizes revenue on a percentage of completion basis, including the
ability to perform under recently signed contracts without unusual
delay; demand for Ameresco’s energy efficiency and renewable energy
solutions; the Company’s ability to arrange financing for its projects;
changes in federal, state and local government policies and programs
related to energy efficiency and renewable energy; the ability of
customers to cancel or defer contracts included in our backlog; the
effects of our recent acquisitions; seasonality in construction and in
demand for its products and services; a customer’s decision to delay the
Company’s work on, or other risks involved with, a particular project;
availability and costs of labor and equipment; the addition of new
customers or the loss of existing customers; and other factors discussed
in Ameresco’s Annual Report on Form 10-K for the year ended December 31,
2011, filed with the U.S. Securities and Exchange Commission on March
15, 2012 and in its quarterly reports on Form 10-Q. In addition, the
forward-looking statements included in this press release represent
Ameresco’s views as of the date of this press release. Ameresco
anticipates that subsequent events and developments will cause its views
to change. However, while Ameresco may elect to update these
forward-looking statements at some point in the future, it specifically
disclaims any obligation to do so. These forward-looking statements
should not be relied upon as representing Ameresco’s views as of any
date subsequent to the date of this press release.
CarolAnn Hibbard, 508-661-2264
Suzanne Messere, 508-598-3044
Source: Ameresco, Inc.
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