ARRY
Array Technologies, Inc.8.51
+0.04+0.47%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.30BP/E (TTM)
-Basic EPS (TTM)
-0.61Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Array Technologies crushed Q3 with revenue leaping 70% y/y to $393.5M, fueled by Array Legacy's 120% surge while STI dipped 44%. Gross profit climbed 35% to $105.7M, but margins slipped to 26.9% from 33.8% on rising tariffs and commodities. Operating income flipped to $45.5M profit from last year's $132.7M loss (no goodwill hit this time); diluted EPS hit $0.12, matching 154K diluted shares. Cash fell to $221.5M after $165M APA buy (Aug 2025, $166.1M cash + $20M earnout, $72.9M goodwill, $80.8M intangibles over 1-10 years); $145M revolver available, long-term debt $658M. Free cash flow not disclosed in the 10-Q. APA integration costs loom large.
8-K
Q3 revenue soars 70%
Array Technologies crushed Q3 with $393.5M revenue, up 70% YoY, fueled by 56% volume surge and APA acquisition adding $16.9M. Adjusted EBITDA hit $72.2M, second-best ever, while margins held at 28.1%. APA bolsters foundations and fixed-tilt offerings. Guidance raised to $1.25B-$1.28B revenue. Integration risks loom.
8-K
Closes APA acquisition
Array Technologies closed its APA Solar acquisition on August 14, 2025, paying $159.9 million cash net of adjustments. Deferred consideration equals 20% of final purchase price, payable in three installments through August 2027, electively in cash or stock; earnout shares cap at $40 million value tied to performance through 2028. APA bolsters integrated tracker-foundation offerings. Integration risks loom.
8-K
Q2 revenue surges 42%
Array Technologies posted Q2 revenue of $362.2M, up 42% year-over-year, with Adjusted EBITDA of $63.6M and gross margin of 26.8%. Signed APA Solar acquisition deal, issued $345M convertible notes, repaid term loan, repurchased $100M notes at 20% discount. Raised 2025 revenue guidance to $1.180B-$1.215B. APA close hinges on conditions.
10-Q
Q2 FY2025 results
Array Technologies crushed Q2 FY2025 ended June 30, 2025, with revenue jumping 42% y/y to $362.2M on Array Legacy's 58% surge, while gross profit rose 13% to $97.1M despite margins slipping to 26.8% from lower ASPs and tariff hits. Operating income climbed 17% y/y to $46.4M, boosted by a $14.2M gain on extinguishing the term loan and trimming 2028 notes using fresh $345M 2031 convertible notes issuance; diluted EPS doubled to $0.19 on 153M shares. Cash swelled to $377M, with $30.8M YTD operating cash flow and $133.7M revolver availability after full Term Loan payoff. Debt stands at $709M principal, covenant-compliant. Litigation lingers from 2021 class actions.
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