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. (NASDAQ:ARRY ) Q1 2022 Earnings Conference Call May 10, 2022 5:00 PM ET Company Speakers Cody Mueller - Vice President of Finance & Investor Relations Kevin Hostetler - Chief Executive Officer & Director Nipul Patel - Chief Financial Officer Conference Call Participants Brian Lee - Goldman Sachs Colin Rusch - Oppenheimer & Co. Donovan Schafer - Northland Capital Markets Kasope Harrison - Piper Sandler & Co. Maheep Mandloi - Credit Suisse Mark Strouse - JPMorgan Chase & Co. Philip Shen - ROTH Capital Partners Operator Hello, and welcome to the Array Technologies First Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Array Technologies, Inc. (ARRY) CEO Kevin Hostetler on Q1 2022 Results - Earnings Call Transcript

ALBUQUERQUE, N.M. , May 06, 2022 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for the utility-scale solar energy industry, today announced that its management team will attend the following investor conferences.

Array Technologies to Participate at Upcoming Investor Conferences

ALBUQUERQUE, N.M., May 03, 2022 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its first quarter 2022 results after the market close on Tuesday, May 10th, 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Array Technologies, Inc. Announces First Quarter 2022 Earnings Release Date and Conference Call

Growth of solar energy needs stable regulatory and incentive environment so that the industry can make long term commitments to funding and capital Growth of solar energy needs stable regulatory and incentive environment so that the industry can make long term commitments to funding and capital

Array Technologies Statement on U.S. Department of Commerce Antidumping and Countervailing Duties Inquiry

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ARRY stock is climbing after Array's Q4 revenue came in above analysts' average outlook and it named a highly experienced executive CEO. The post Why Is Array Technologies (ARRY) Stock Up Today?

Why Is Array Technologies (ARRY) Stock Up Today?

Array Technologies Inc (NASDAQ: ARRY) stock is up nearly 20% in the premarket this morning on solid Q4 revenue. The U.S. firm also named its new CEO last night.

Array Technologies stock jumped 20%: explore why

Array Technologies, the solar tracking systems provider, also announces a new CEO.

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Array Technologies, Inc. (ARRY) CEO Jim Fusaro on Q4 2021 Results - Earnings Call Transcript

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Array Technologies Inc. shares surged in the extended session Tuesday after reporting quarterly sales and a revenue outlook that topped Wall Street estimates while naming a new chief executive.

Array Technologies stock surges following revenue beat, announcement of new CEO

Array Technologies Inc (NASDAQ: ARRY) reported a fourth-quarter revenue increase of 22% year-over-year to $219.9 million, beating the consensus estimate of $213.82 million. Adjusted EPS was $(0.06), missing the consensus of $(0.03).

Array Technologies Stock Surges After Q4 Results, Guides FY22 Revenue Above Consensus

Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2021

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Array Technologies Names Kevin Hostetler as Chief Executive Officer

Array Technologies Inc (NASDAQ: ARRY) shares are trading higher by 15.04% at $12.58 after the company announced it will supply advanced tracker technology for "the largest solar + storage project in the U.S." Array Technologies says the project will store over 1.4 GWh of solar power and.

Here's Why Array Technologies Shares Are Rising

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ALBUQUERQUE, N.M., March 29, 2022 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its fourth quarter and full year 2021 results after the market close on Tuesday, April 5th 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Array Technologies, Inc. Announces Fourth Quarter and Full Year 2021 Earnings Release Date and Conference Call

ALBUQUERQUE, N.M., March 16, 2022 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array”), one of the world's largest providers of utility-scale solar tracker technology, today announced that it is quickly progressing through the procedures required to complete its year-end reporting and expects to file its Annual Report in the coming weeks.

Array Technologies Provides Update on Form 10-K Filing

ALBUQUERQUE, N.M., March 04, 2022 (GLOBE NEWSWIRE) -- As announced on March 2, 2022, Array Technologies, Inc. (Nasdaq: ARRY), (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, filed a Notification of Late Filing on Form 12b-25, indicating that the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Form 10-K”) would be delayed because the Company needs additional time to complete its year-end reporting process after becoming a large accelerated filer for the first time this past year and, also, to evaluate the accounting for certain transactions during the audit period. The Company is assessing the classification and recognition of its revenue for the sale of tracker products, which could reflect a change to the period in which revenue is recognized (the Company's average contract is performed over a 3-5 month period). The Company is still evaluating whether any adjustments would be required and, if so, whether they would be material. It is important to note that there will not be a change in the aggregate revenue and profitability of any of the Company's contracts over time.

Array Technologies, Inc. Receives Notification from Nasdaq Related to Delayed Annual Report on Form 10-K

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