Array Technologies

Array Technologies, Inc. manufactures ground-mounting systems used in solar energy projects. The company sells its products to engineering, procurement and construction firms that build solar energy projects and to large solar developers, independent power producers and utilities, master supply agreements or multi-year procurement contracts. It has offices in Europe, Central America, and Australia. The company's products include DuraTrack and SmarTrack. Array Technologies was founded by Ronald P. Corio in 1989 and is headquartered in Albuquerque, NM.

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Array Technologies (ARRY) surpasses expectations, eyes growth amid challenges

Array Technologies delivered a strong financial performance in Q4 and full-year 2022, exceeding revenue and EBITDA expectations.
The company anticipates continued growth in 2023, focusing on maintaining free cash flow and investing in new product development.
Challenges include uncertainties around market conditions and regulatory definitions, while opportunities lie in expanding into diverse markets and optimizing operations.
Overall, Array Technologies remains well-positioned for growth, supported by a dedicated team and strategic investments in innovation and efficiency.

Array Technologies reports strong Q1 earnings, eyes future solar growth

Array Technologies had a robust Q1 2023 despite order book reduction, showcasing operational improvements and cost efficiencies. Challenges include delays in order conversions and gross margin impact on Legacy Array side. The company is optimistic about future growth potential and well-prepared for upcoming solar adoption phases.

Array Technologies reports robust Q2 earnings, eyes sustainable growth

Array Technologies excelled in Q2 2023, showcasing strong financial performance and strategic initiatives. Despite short-term challenges, the company remains focused on innovation, cost efficiency, and market positioning for future growth.

Array Technologies reports resilient Q3 performance amidst project challenges

Array Technologies showcased solid performance in Q3 2023, maintaining profitability and free cash flow expectations despite challenges in project timing.
The company's strengths lie in its strong pipeline with long-term agreements, expansion plans, and continued investment in product development.
While facing challenges from project delays and market dynamics, Array Technologies sees opportunities in cost reduction, new product demand, and debt reduction strategies.

Array Technologies reports record 2023 performance, eyes market growth

Array Technologies delivered a strong performance in 2023, exceeding revenue guidance and doubling adjusted EBITDA.
While facing challenges such as project delays and supply chain issues, the company is focused on cost reductions and customer benefits.
With a positive outlook for the back half of the year, Array is well-positioned to capitalize on market opportunities and drive growth.

Array Technologies exceeds Q1 revenue expectations amidst industry challenges

Array Technologies delivered strong Q1 performance, surpassing revenue expectations and maintaining healthy margins and EBITDA.
While facing challenges like project delays and industry uncertainties, Array's strategic strengths in product offerings and customer engagement position it well for growth.
The company's focus on international expansion, new product designs, and operational efficiencies presents promising opportunities for future success.

Array Technologies excels in Q3, anticipates strong growth in 2025

Array Technologies anticipates growth in 2025, supported by a positive outlook and active engagement with customers to navigate market challenges. The financial guidance for 2024 includes record annual adjusted gross margin, reduced effective tax rate, and increased free cash flow guidance.

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Array Technologies, Inc. (ARRY) reachead $11.22 at the closing of the latest trading day, reflecting a +0.54% change compared to its last close.

Array Technologies, Inc. (ARRY) Ascends But Remains Behind Market: Some Facts to Note

In the closing of the recent trading day, Array Technologies, Inc. (ARRY) stood at $10.52, denoting a -1.68% change from the preceding trading day.

Array Technologies, Inc. (ARRY) Suffers a Larger Drop Than the General Market: Key Insights

ALBUQUERQUE, N.M., July 18, 2024 (GLOBE NEWSWIRE) -- Array Technologies (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its second quarter 2024 results after the market close on Thursday, August 8ᵗʰ, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Array Technologies, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call

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ALBUQUERQUE, N.M., July 16, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has published its fourth annual ESG and sustainability disclosures in line with the company's ongoing commitment to customers, investors, and key stakeholders to generate energy with integrity.

Array Technologies Publishes 4th Annual Sustainability Disclosures

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ALBUQUERQUE, N.M., June 12, 2024 (GLOBE NEWSWIRE) -- Today, Kevin G.

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Chief Financial Officer Kurt Wood is stepping down from his position at Array effective June 30.

Array Technologies Stock Slides. CFO Departure Is a ‘Surprise,' Analyst Says.

Chief Financial Officer, Kurt Wood, will step down from his position effective June 30, 2024 Chief Financial Officer, Kurt Wood, will step down from his position effective June 30, 2024

Array Technologies Announces Departure of Chief Financial Officer

ALBUQUERQUE, N.M., June 05, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named Neil Manning as president and chief operating officer.

Array Technologies Appoints Neil Manning as President and Chief Operating Officer

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Array Technologies, Inc. (NASDAQ:ARRY ) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Sarah Sheppard - Investor Relations Kevin Hostetler - Chief Executive Officer Kurt Wood - Chief Financial Officer Conference Call Participants Mark Strouse - JPMorgan Christine Cho - Barclays Brian Lee - Goldman Sachs Joe Osha - Guggenheim Partners Jordan Levy - Triust Securities Kashy Harrison - Piper Sandler Vikram Bagri - Citi Dushyant Ailani - Jefferies Philip Shen - ROTH MKM Maheep Mandloi - Mizuho Donovan Schafer - Northland Capital Markets Tom Curran - Seaport Global Securities Colin Rusch - Oppenheimer Andrew Percoco - Morgan Stanley Sophie Karp - KeyBanc Capital Markets Moses Sutton - BNP Paribas Dylan Nassano - Wolfe Research Jeff Osborne - TD Cowen Operator Greetings, and welcome to the Array Technologies' First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only.

Array Technologies, Inc. (ARRY) Q1 2024 Earnings Call Transcript

Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to earnings of $0.25 per share a year ago.

Array Technologies, Inc. (ARRY) Tops Q1 Earnings Estimates

First Quarter 2024 Highlights Revenue of $153.4 million Gross Margin of 35.9% Adjusted gross margin of 38.3%(1) Net loss to common shareholders of $11.3 million Adjusted EBITDA(1) of $26.2 million Basic and diluted net loss per share of $0.07 Adjusted diluted net income per share(1) of $0.06 ALBUQUERQUE, N.M., May 09, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced financial results for its first quarter ended March 31, 2024.

Array Technologies, Inc. Reports Financial Results for the First Quarter 2024 – Achieves record gross margin and $2.1 billion of executed contracts and awarded orders

ALBUQUERQUE, N.M., May 06, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY), a leading provider of solar tracking solutions, confirmed in a new study that its safe, passive wind stow solution can significantly optimize energy production.

Array and DNV Release Report on Solar Tracker Wind Stow Strategies' Energy Impact

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Array Technologies (ARRY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Array Technologies, Inc. (ARRY) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

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News for Array Technologies Stock (ARRY)