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Array Technologies (ARRY)
NASDAQ:ARRY
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.08Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -19.39%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
Array Technologies demonstrated strong financial performance with significant margin improvements and cash flow generation in 2024. The company saw growth in its order book and introduced several innovative products. However, challenges such as revenue decline, impairment charges, and market difficulties in Brazil affected the overall results. The guidance for 2025 is promising, aiming for a 20% top-line growth, but past year challenges still linger.Company Guidance
During the Array Technologies Fourth Quarter and Full Year 2024 Earnings Call, the company provided detailed financial guidance for 2025. Array Technologies reported a revenue of $275 million for Q4 and $916 million for full year 2024, with adjusted gross margins of 29.8% and 34.1%, respectively. The company ended the year with $364 million in cash and a $2 billion order book, marking a 10% increase over 2023. For 2025, Array expects revenue between $1.05 billion and $1.15 billion, aiming for an adjusted EBITDA of $180 million to $200 million and adjusted EPS of $0.60 to $0.70. The guidance reflects a conservative approach with an anticipated 20% growth in top-line revenue, driven by strong project execution and expanding domestic content capabilities.Strong Financial Performance in 2024
Achieved $275 million of revenue in Q4 and $916 million for the full year 2024, exceeding the midpoint of guidance. Adjusted gross margin improved by 410 basis points in Q4 and 680 basis points for the full year compared to 2023.
Significant Cash Flow and Cash Balance
Generated $135 million of free cash flow and ended the year with a cash balance of $364 million.
Order Book Growth
Order book ended the year at $2 billion, up 10% compared to 2023 year-end, with 20% growth in the domestic order book.
Innovation and Product Development
Introduced new products like the OmniTrack terrain following tracker, which represents over 20% of the order book, and launched a reusable packaging initiative to enhance sustainability.
Guidance for 2025
Array expects to exceed market growth with a 20% top-line increase, forecasting revenue between $1.05 billion and $1.15 billion.
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ARRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $6.55 | $5.28 | -19.39% |
| Nov 07, 2024 | $6.20 | $6.04 | -2.58% |
| Aug 08, 2024 | $8.99 | $7.10 | -21.02% |
| May 09, 2024 | $12.51 | $12.76 | +2.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Array Technologies (ARRY) report earnings?
Array Technologies (ARRY) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Array Technologies (ARRY) earnings time?
Array Technologies (ARRY) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARRY EPS forecast?
ARRY EPS forecast for the fiscal quarter 2025 (Q1) is 0.08.
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