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home / news releases / AMPS - Altus Power reports mixed Q4 earnings; initiates FY23 outlook

AMPS - Altus Power reports mixed Q4 earnings; initiates FY23 outlook

Altus Power Inc. Class A

2023-03-30 06:14:07 ET

  • Altus Power press release ( NYSE: AMPS ): Q4 GAAP EPS of $0.42 beats by $0.41 .
  • Revenue of $26.8M (+24.2% Y/Y) misses by $0.14M .
  • Adjusted EBITDA during the fourth quarter of 2022 was $16.6M, compared to $12.9M for the fourth quarter of 2021, a 29% increase.
  • Guidance: Altus Power expects 2023 adjusted EBITDA in the range of $97-103 million, representing 70% growth over 2022 at the midpoint. The Company also expects 2023 adjusted EBITDA margin to fall in the mid-to-high 50% range.

For further details see:

Altus Power reports mixed Q4 earnings; initiates FY23 outlook
Stock Information
Company Name: Altus Power Inc. Class A
Stock Symbol: AMPS
Market: NYSE
Website: altuspower.com
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