Ameresco revenue rises 15 percent in first quarter
Framingham-based Ameresco Inc. reported a 15-percent gain in revenues in the first quarter of 2015, compared with a year earlier.
The energy efficiency and renewable energy company said Thursday that revenues were $115.4 million in the first quarter, which ended March 31. They had been $100.7 million in the first quarter of 2014.
“Growth was driven by particular strength in the U.S. Federal and U.S. Regions segments, offset by an expected decline in revenues from our Canada segment,” the statement said. “The operating loss is largely attributable to a $3.9 million loss incurred in the Canada segment mostly related to one large project. The company has reserved for potential future losses in that project.”
Operating loss for the quarter was $4.4 million, which compares to the operating loss of $6.8 million in the first quarter of 2014. Net loss was $4.2 million or 9 cents per share; compared with $4.1 million, or 18 cents per diluted share, a year earlier.
“2015 is off to a strong start,” George P. Sakellaris, president and CEO of Ameresco, said in the statement. He said the federal government market “appears to be primed for growth,” and is expected to drive both the company’s current performance and backlog for the rest of the year.
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