Ameresco, Inc.

Thank you for standing by. My name is Luella and I will be your conference operator for today. At this time, I would like to welcome everyone to the Q3 2024 Amoresco, Inc. Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to Leila Dillon, Senior Vice President of Marketing. Please go ahead.

Thank you, Luella, and good afternoon, everyone. We appreciate you joining us for today's call. Joining me here are George Sakolaris, MRSCO's Chairman, President, and Chief Executive Officer, Mark Chiplock, Executive Vice President, Chief Financial Officer, and Chief Accounting Officer, as well as two of our executives, Nicole Bulgarino and Lou Maltesos. Before I turn the call over to George, I would like to make a brief statement regarding forward-looking remarks. Today's earnings materials contain forward-looking statements, including statements regarding our expectations. All forward-looking statements are subject to risks and uncertainties. Please refer to today's earnings materials the safe harbor language on slide two of our supplemental information, and our SEC filings for discussion of the major risk factors that could cause our actual results to differ from those in our forward-looking statements. In addition, we use several non-GAAP measures when presenting our financial results. We have included the reconciliations to these measures and additional information in our supplemental slides that were posted to our website. Please note that all comparisons that will be discussed today are on a year-over-year basis unless otherwise noted. I will now turn the call over to George.

George? Thank you, Leila, and good afternoon, everyone. Before I begin, I would like to draw everyone's attention to the important announcement we made today regarding further steps we have taken to optimize our corporate structure to drive continued profitable growth. Today, we announced the promotions of four key executives to the role of president, leading their respective groups. Mike Backus, as president of the Renewable Fuels. Nicole Balgarino as President of Federal and Utility Infrastructure. Lou Maldonado as President of Central and Western USA and Canada. And Peter Christakis as President of East USA, Greece, and Project Risk. Now on to our results. Maresco's diversified business model continued to yield impressive results. with over 40% growth in both revenue and adjusted EBITDA, driven by our continued focus on execution against a strong industry backdrop. We also brought an additional 42 megawatts of energy assets into operation. This brings our total amount to a record, 2,000 megawatts, already above our 200 megawatt guidance for the year. Our total project backlog grew by 22%, expanding our long-term contract visibility to $4.5 billion. We were also very successful with contract execution as our contracted project backlog grew an impressive 56% to a record $1.9 billion. Our diversified customer base BASE continues to show very strong demand for our renewables, energy efficiency, and resiliency offerings. We are at the forefront of the energy transition, as our customers value our ability to integrate a comprehensive portfolio of cleantech solutions in order to meet their unique goals. All will offer budget-neutral cost-saving solutions. Before I turn the call over, let me make a few comments about the recent election outcome. Reiterating what we have said many times in the past, we believe we are well insulated from changes in the administration as our core efficiency solutions stand on their own without relying on any federal incentives. The technologies that qualify for incentives, such as battery storage, continue to receive strong bipartisan support. Inverses probably remember that the Maresco has some of its best years during the last Trump administration. There was very strong support for our performance contracts, especially our resiliency solutions with both civilian, but more importantly, the federal military part of the government. and especially in a budget-constrained environment. Also, we have become much more diversified and resilient over the years. We have purposely grown our recurring energy asset and O&M profit streams, which now account for the majority of our annual adjusted EBITDA. Geographically, we are also much more diversified with operations in every state, Canada, the UK, and our growing continent European footprint. Due to the great value proposition of our business model, we believe we are very well positioned to thrive under any administration as we have demonstrated for over 25 years of doing business. Similar to the last call, I have asked two key members of our executive team, Lou Maltesers, to join us today. Lou will cover the drivers of the strengths we have been seeing in our core markets and discuss some of the internal changes we have made to execute more efficiently in the current operating environment. Nicole will discuss how the increasing demand for resiliency continues to be a key catalyst for our business. And now I would like to turn the call over to Lou. Lou?