February 17, 2011
Ameresco Results Mixed
Framingham energy efficiency company Ameresco Inc. reported record revenues and profits in 2010, but its fourth quarter profits fell from last year.
The company brought in $618.2 million for the year, up 44 percent from 2009. Profits also rose 44 percent to $28.7 million.
For the fourth quarter, Ameresco's revenues also rose 35 percent from the same period in 2009, to $179.3 million, but its profits fell 20 percent. The company attributed the decline in profits to a higher effective tax rate and increased interest expense.
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