Hannon Armstrong Sustainable Infrastructure Capital, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:15 pm
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Hannon Armstrong Sustainable Infrastructure Capital, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 6.04 million compared to USD 6.61 million a year ago. Sales was USD 6.04 million compared to USD 6.61 million a year ago. Revenue was USD 89.85 million compared to USD 60.15 million a year ago. Revenue was USD 89.85 million compared to USD 60.15 million a year ago. Net income was USD 21.45 million compared to USD 34.53 million a year ago. Net income was USD 21.45 million compared to USD 34.53 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.39 a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.39 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.38 a year ago.
For the nine months, sales was USD 19.01 million compared to USD 19.72 million a year ago. Sales was USD 19.01 million compared to USD 19.72 million a year ago. Revenue was USD 233.29 million compared to USD 181.43 million a year ago. Revenue was USD 233.29 million compared to USD 181.43 million a year ago. Net income was USD 59.08 million compared to USD 61.43 million a year ago. Net income was USD 59.08 million compared to USD 61.43 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.7 a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.7 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.69 a year ago.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. is a climate positive investment firm that partners with clients to deploy real assets that facilitate the energy transition. It invests in a variety of asset classes across its three primary climate solutions markets: Behind the Meter; Grid-Connected; and Fuels, Transport, and Nature. Behind the Meter includes residential solar and storage, community solar and commercial and industrial solar, and energy efficiency. Grid-Connected includes utility-scale solar, onshore wind, and battery energy storage systems. Fuels, Transport, and Nature include renewable natural gas, fleet decarbonization, and ecological restoration. Its investments take various forms, including equity, joint ventures, commercial and government receivables or securities, and other financing transactions. It funds its investments in climate solutions using a range of financing sources, including corporate unsecured bonds, convertible bonds, and others.