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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ALBUQUERQUE, N.M., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its third quarter 2023 results after the market close on Tuesday, November 7, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Array Technologies, Inc. Announces Third Quarter 2023 Earnings Release Date and Conference Call

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LAS VEGAS, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, has signed a long-term agreement with Steel Dynamics to provide a fixed supply of coil for Array's U.S. projects.

Array Technologies Strengthens Domestic Supply Chain Through Base Load Agreement with Steel Dynamics

LAS VEGAS, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, reinforces their long-standing, 10-year partnership with Extruded Aluminum Corporation (EAC) which expands Array's U.S. manufacturing footprint with additional aluminum extrusion capacity. EAC, based in Belding, Mich., manufactures multiple extrusion profiles that are highly recyclable and contain recycled aluminum within their extrusions, including structural fastening clamps. This manufacturing collaboration underscores Array's robust commitment to fostering a sustainable domestic supply chain while supporting economic development and job growth in Michigan.

Long-standing Agreement Between Array Technologies and Extruded Aluminum Corporation Boosts US Manufacturing with Nearly $35 Million Investment in Michigan Facility Expansion

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Array Technologies: Undervalued Stock With Solid Growth

ALBUQUERQUE, N.M., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY), a leading provider of utility-scale solar tracker solutions, is the front-runner in domestic content sourcing, capable of achieving in excess of 85% of content from U.S. suppliers at scale—an unparalleled benchmark in the solar industry.

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Array Technologies, Inc. (NASDAQ:ARRY ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Cody Mueller - IR Kevin Hostetler - CEO Nipul Patel - CFO Conference Call Participants Brian Lee - Goldman Sachs Mark Strouse - JPMorgan Julien Dumoulin-Smith - Bank of America Kashy Harrison - Piper Sandler Andre Adams - Oppenheimer Donovan Schafer - Northland Capital Market Andrew Crocco - Morgan Stanley Jordan Levy - Truist Philip Shen - ROTH Capital Partners Sean Milligan - Janney Derek Soderberg - Cantor Fitzgerald Operator Greetings and welcome to Array Technologies Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

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