On February 27, 2025, Ameresco, Inc. announced its financial results for the fiscal year ended December 31, 2024. The company reported full-year revenues of $1.77 billion, a 29% increase year-over-year, and adjusted EBITDA of $225 million, up 38% year-over-year.
For the fourth quarter 2024, Ameresco reported revenues of $450.1 million, a 15.7% increase over Q4 2023. Net income attributable to common shareholders for the full year was $50.1 million, with GAAP EPS of $0.94 and Non-GAAP EPS of $1.05.
The total project backlog reached $4.8 billion, up 24% year-over-year, and the company placed a record 241 MWe of energy assets into service during the year, bringing total operating energy assets to 731 MWe. These accomplishments contributed to nearly $10 billion in total multi-year revenue visibility.
Ameresco's 2024 Impact Report highlighted that since 2010, its renewable energy assets and customer projects have delivered a carbon emission reduction equivalent to over 110 million metric tons of CO2. The company's 2023 carbon emission reduction was approximately 16 million metric tons of CO2.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.