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May 4 , 2021 AMERESCO Green Clean Sustainable 0 Ameresco Reports First Quarter 2021 Financial Results - Revenue and Profit Growth Exceeds Expectations - - Meaningful Pickup in Project Award Activity - - Recent Capital Raise Supports Accelerated Energy Asset Growth - - Increases 2021 Guidance - First Quarter 2021 Financial Highlights : • Revenues of $ 252.2 million , up 19 % year - over - year • Net Income of $ 11.2 million , up 80 % • GAAP EPS of $ 0.22 , up 69 % • Non - GAAP EPS of $ 0.25 , up 67 % • Adjusted EBITDA of $ 29.7 million , up 40 % FRAMINGHAM , Mass .-- ( BUSINESS WIRE ) -- Ameresco , Inc. ( NYSE : AMRC ) , a leading cleantech integrator specializing in energy efficiency and renewable energy , today announced financial results for the fiscal quarter ended March 31 , 2021. The Company has also furnished supplemental information in conjunction with this press release in a Current Report on Form 8 - K . The supplemental information includes non - GAAP financial metrics and has been posted to the " Investor Relations " section of the Company's website at www.ameresco.com . “ Our first quarter results were excellent and exceeded our expectations across all major metrics , " said George P. Sakellaris , President and Chief Executive Officer . “ Business conditions improved progressively throughout the period and our employees rose to overcome the challenges presented during the quarter . This was another strong quarter for the Projects business , particularly within our Federal group . Our Energy Asset business also posted a meaningful pickup in revenue and profit . We were also pleased to see a considerable increase in project and asset proposals during the quarter , indicating a return to a more normalized activity level post - COVID - 19 and leading to significant sequential and year - over - year growth in our awarded backlog . " “ In the first quarter , we completed our first public equity offering since Ameresco's IPO in 2010 , raising over $ 120 million for the company , positioning us to accelerate the growth of our recurring revenue Energy Asset business . Specifically , we will be taking advantage of strong demand and opportunity in the emerging RNG space , where we now plan to construct and commission three RNG facilities in 2022 and four additional sites in 2023 . These developments will be in addition to our continued buildout of other energy technologies , including solar , energy storage , microgrids and EaaS . "