Ameresco, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
| Numerator: | |||||||||||||||||
| Net income attributable to common shareholders | $ | 56,757 | $ | 62,470 | $ | 94,926 | |||||||||||
| Adjustment for accretion of tax equity financing fees | (107) | (108) | (116) | ||||||||||||||
| Income attributable to common shareholders | $ | 56,650 | $ | 62,362 | $ | 94,810 | |||||||||||
| Denominator: | |||||||||||||||||
| Basic weighted-average shares outstanding | 52,380 | 52,140 | 51,841 | ||||||||||||||
| Effect of dilutive securities: | |||||||||||||||||
| Stock options | 760 | 1,087 | 1,437 | ||||||||||||||
| Diluted weighted-average shares outstanding | 53,140 | 53,228 | 53,278 | ||||||||||||||
| Net income per share attributable to common shareholders: | |||||||||||||||||
| Basic | $ | 1.08 | $ | 1.20 | $ | 1.83 | |||||||||||
| Diluted | $ | 1.07 | $ | 1.17 | $ | 1.78 | |||||||||||
Potentially dilutive shares (1) | 2,154 | 1,707 | 1,108 | ||||||||||||||
| (1) Potentially dilutive shares attributable to stock options were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive. | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Feb 28, 2025 | Showing above |
| 2023 | Feb 29, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.