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BUSINESS SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION BUSINESS SEGMENT INFORMATION
Our reportable segments for the three and nine months ended September 30, 2024 were North America Regions, U.S. Federal, Europe, Alternative Fuels and All Other. On January 1, 2024, we changed the structure of our internal organization, and our U.S. Regions and Canada are now included in North America Regions. Additionally, our Asset Sustainability Group was formerly included in Canada, but is now included in “All Other”. As a result, previously reported amounts have been reclassified for comparative purposes.
Our North America Regions, U.S. Federal and Europe segments offer energy efficiency products and services which include the design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure, renewable energy solutions and services and the development and construction of small-scale plants that Ameresco owns or develops for customers that produce electricity, gas, heat or cooling from renewable sources of energy and O&M services.
Our Alternative Fuels segment sells electricity, thermal, renewable fuel, or biomethane using biogas as a feedstock from small-scale plants that we own and operate and provides O&M services for customer-owned small-scale plants.
The “All Other” category includes consulting services and the sale of solar PV energy products and systems which we refer to as integrated-PV.
These segments do not include results of other activities, such as corporate operating expenses not specifically allocated to the segments. Certain reportable segments are an aggregation of operating segments.
The tables below present our business segment information recast for the prior-year period and a reconciliation to the condensed consolidated financial statements:
North America RegionsU.S. FederalEuropeAlternative FuelsAll OtherTotal Consolidated
Three Months Ended September 30, 2024
Revenues$291,611 $89,113 $52,613 $43,537 $23,999 $500,873 
Loss on derivatives1,592 1,342 — 767 — 3,701 
Interest expense, net of interest income3,577 2,017 1,371 6,203 (1)13,167 
Depreciation and amortization of intangible assets9,552 4,751 503 7,494 689 22,989 
Unallocated corporate activity— — — — — (20,046)
Income (loss) before taxes, excluding unallocated corporate activity22,662 9,543 (3,285)2,236 2,580 33,736 
North America RegionsU.S. FederalEuropeAlternative FuelsAll OtherTotal Consolidated
Three Months Ended September 30, 2023
Revenues$157,700 $87,341 $40,500 $27,319 $22,289 $335,149 
Gain on derivatives(1,764)(791)— (492)— (3,047)
Interest expense, net of interest income1,758 278 764 4,764 — 7,564 
Depreciation and amortization of intangible assets7,437 1,229 645 6,669 633 16,613 
Unallocated corporate activity— — — — — (20,380)
Income before taxes, excluding unallocated corporate activity15,712 12,129 1,049 820 1,458 31,168 
North America RegionsU.S. FederalEuropeAlternative FuelsAll OtherTotal Consolidated
Nine months ended September 30, 2024
Revenues$638,027 $236,740 $169,794 $122,248 $70,452 $1,237,261 
(Gain) loss on derivatives(1,045)316 — 462 — (267)
Interest expense, net of interest income7,788 4,208 3,147 17,634 (1)32,776 
Depreciation and amortization of intangible assets26,422 9,626 1,513 21,709 2,001 61,271 
Unallocated corporate activity— — — — — (64,821)
Income before taxes, excluding unallocated corporate activity37,098 26,284 (2,044)8,258 7,931 77,527 
North America RegionsU.S. FederalEuropeAlternative FuelsAll OtherTotal Consolidated
Nine Months Ended September 30, 2023
Revenues$450,013 $226,916 $103,121 $85,974 $67,241 $933,265 
Gain on derivatives(2,145)(787)— (376)— (3,308)
Interest expense, net of interest income5,240 864 1,515 10,551 (2)18,168 
Depreciation and amortization of intangible assets21,002 3,689 1,430 18,741 1,191 46,053 
Unallocated corporate activity— — — — — (56,354)
Income before taxes, excluding unallocated corporate activity34,981 26,228 2,252 7,446 5,707 76,614 
See Note 3 for additional information about our revenues by product line.