Altus Power, Inc. (NYSE:AMPS) Q1 2024 Results Conference Call May 9, 2024 4:30 AM ET
Company Participants
Chris Shelton - Head of Investor Relations
Gregg Felton - Chief Executive Officer
Dustin Weber - Chief Financial Officer
Alison Sternberg - Head of Investor Relations
Conference Call Participants
Andrew Percoco - Morgan Stanley
Justin Clare - ROTH MKM
Chris Souther - B. Riley
Tate Sullivan - Maxim Group
Operator
Good afternoon, and welcome to the Altus Power First Quarter 2024 Conference Call. As a reminder, today's call is being recorded. [Operator Instructions].
At this time, for opening remarks and introductions, I would like to turn the call over to Chris Shelton, Head of Investor Relations.
Chris Shelton
Good afternoon, and welcome to our first quarter 2024 earnings call. Speaking on today's call are Gregg Felton, Chief Executive Officer; Dustin Weber, Chief Financial Officer; and our incoming Head of IR, Alison Sternberg. This afternoon, we issued a press release and a presentation related to matters to be discussed on this call. You can access both the press release and the presentation on our website, www.altus.com in the Investors section. This information is also available on the SEC's website. As a reminder, our comments on this call may contain forward-looking statements.
These forward-looking statements refer to future events, including Altus Power's future operations and financial performance. When used on this call, the words expect, anticipate, believe, will, plan, forecast, estimate, outlook and similar expressions as they relate to Altus Power identify forward-looking statements. These statements are subject to various risks and uncertainties, which could cause actual results to differ materially from those predicted in the forward-looking statements.
Altus Power assumes no obligation to update these statements in the future or circumstances change, except as required by law. For more information, we encourage you to review the risks, uncertainties and other factors discussed in our SEC filings that could impact these forward-looking statements, specifically our 10-K filed on the SEC on March 14, 2024. During this call, we will also refer to adjusted EBITDA and adjusted EBITDA margin, an ARR or annual recurring revenue, which are non-GAAP financial measures. ARR is an estimate that management uses to determine the expected annual revenue potential of our operating asset base at given points in time. ARR assumes customary weather, production, expenses and other economic market conditions as well as seasonality.
Our management team uses all of these non-GAAP financial measures to plan, monitor and evaluate our financial performance, and we believe this information may be useful to our investors. These non-GAAP financial measures exclude certain items that should not be considered as a substitute for comparable GAAP financial measures. Altus Power's methods of computing these non-GAAP financial measures may differ from similar non-GAAP financial measures used by other companies. More detailed information about these measures and reconciliation from GAAP to these non-GAAP financial measures is contained in both the press release and the presentation that we issued today.