May 5, 2016
Ameresco sees revenue boost; returns to profitability
By Sam Bonacci
Framingham’s Ameresco boasted revenue growth, returning to profitability in the first quarter of 2016, the company said in an announcement Thursday.
The energy efficiency and renewable energy company posted revenues of $133.8 million in the first quarter for a year-over-year increase of 16 percent. The growth happened across a number of Ameresco's areas of coverage. The federal segment alone grew by 60 percent. Project revenues were $85.1 million, representing an increase of 24 percent year-over-year.
Operating income for the quarter was $1.8 million, compared to a loss of $4.4 million a year ago for the company founded in 2000.
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