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NASDAQ:ARRY
Array Technologies, Inc. Stock Earnings Reports
$6.08
+0.0200 (+0.330%)
At Close: Mar 14, 2025
Array Technologies. Earnings Calls
Q4 2024
Missed
$0.160 (-15.79%)
| Release date | Feb 27, 2025 |
| EPS estimate | $0.190 |
| EPS actual | $0.160 |
| EPS Surprise | -15.79% |
| Revenue estimate | 269.361M |
| Revenue actual | 275.232M |
| Revenue Surprise | 2.18% |
Q3 2024
Beat
$0.170 (21.43%)
| Release date | Nov 07, 2024 |
| EPS estimate | $0.140 |
| EPS actual | $0.170 |
| EPS Surprise | 21.43% |
| Revenue estimate | 273.866M |
| Revenue actual | 231.406M |
| Revenue Surprise | -15.50% |
Q2 2024
Beat
$0.200 (81.82%)
| Release date | Aug 08, 2024 |
| EPS estimate | $0.110 |
| EPS actual | $0.200 |
| EPS Surprise | 81.82% |
| Revenue estimate | 231.61M |
| Revenue actual | 255.766M |
| Revenue Surprise | 10.43% |
Q1 2024
Beat
$0.0600 (284.62%)
| Release date | May 09, 2024 |
| EPS estimate | $0.0156 |
| EPS actual | $0.0600 |
| EPS Surprise | 284.62% |
| Revenue estimate | 140.11M |
| Revenue actual | 153.403M |
| Revenue Surprise | 9.49% |
Last 4 Quarters for Array Technologies.
Below you can see how ARRY performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Beat
| Release date | May 09, 2024 |
| Fiscal end date | Mar 31, 2024 |
| Price on release | $12.51 |
| EPS estimate | $0.0156 |
| EPS actual | $0.0600 |
| EPS surprise | 284.62% |
| Date | Price |
|---|---|
| May 03, 2024 | $13.46 |
| May 06, 2024 | $13.74 |
| May 07, 2024 | $13.39 |
| May 08, 2024 | $12.51 |
| May 09, 2024 | $12.51 |
| May 10, 2024 | $12.76 |
| May 13, 2024 | $12.66 |
| May 14, 2024 | $12.62 |
| May 15, 2024 | $12.24 |
| 4 days before | -7.06% |
| 4 days after | -2.16% |
| On release day | 2.00% |
| Change in period | -9.06% |
Q2 2024
Beat
| Release date | Aug 08, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $8.99 |
| EPS estimate | $0.110 |
| EPS actual | $0.200 |
| EPS surprise | 81.82% |
| Date | Price |
|---|---|
| Aug 02, 2024 | $9.41 |
| Aug 05, 2024 | $8.87 |
| Aug 06, 2024 | $8.98 |
| Aug 07, 2024 | $8.66 |
| Aug 08, 2024 | $8.99 |
| Aug 09, 2024 | $7.10 |
| Aug 12, 2024 | $7.03 |
| Aug 13, 2024 | $7.01 |
| Aug 14, 2024 | $6.59 |
| 4 days before | -4.46% |
| 4 days after | -26.70% |
| On release day | -21.02% |
| Change in period | -29.97% |
Q3 2024
Beat
| Release date | Nov 07, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $6.20 |
| EPS estimate | $0.140 |
| EPS actual | $0.170 |
| EPS surprise | 21.43% |
| Date | Price |
|---|---|
| Nov 01, 2024 | $6.70 |
| Nov 04, 2024 | $7.51 |
| Nov 05, 2024 | $7.61 |
| Nov 06, 2024 | $5.94 |
| Nov 07, 2024 | $6.20 |
| Nov 08, 2024 | $6.04 |
| Nov 11, 2024 | $6.68 |
| Nov 12, 2024 | $6.59 |
| Nov 13, 2024 | $6.71 |
| 4 days before | -7.46% |
| 4 days after | 8.23% |
| On release day | -2.58% |
| Change in period | 0.149% |
Q4 2024
Missed
| Release date | Feb 27, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $6.55 |
| EPS estimate | $0.190 |
| EPS actual | $0.160 |
| EPS surprise | -15.79% |
| Date | Price |
|---|---|
| Feb 21, 2025 | $6.59 |
| Feb 24, 2025 | $6.69 |
| Feb 25, 2025 | $6.59 |
| Feb 26, 2025 | $6.86 |
| Feb 27, 2025 | $6.55 |
| Feb 28, 2025 | $5.28 |
| Mar 03, 2025 | $5.45 |
| Mar 04, 2025 | $5.62 |
| Mar 05, 2025 | $5.42 |
| 4 days before | -0.607% |
| 4 days after | -17.25% |
| On release day | -19.39% |
| Change in period | -17.75% |
Array Technologies. Earnings Call Transcript Summary of Q4 2024
Financial Highlights
- Q4 2024 Revenue: $275 million; Full Year 2024 Revenue: $916 million, exceeding guidance.
- Adjusted Gross Margin: Q4 was 29.8%, an increase of 410 basis points year-on-year. Full Year adjusted gross margin was 34.1%, up 680 basis points from 2023.
- Adjusted EBITDA: $45.2 million in Q4 and $173.6 million for the full year.
- Free Cash Flow: $135 million for the year, with a cash balance of $364 million at year-end.
- Net Loss: Q4 recorded a net loss of $141.2 million, influenced by non-cash impairment charges related to a 2022 acquisition.
Strategic Developments
- New Manufacturing Facility: Groundbreaking for a state-of-the-art facility in Albuquerque, NM, aimed at enhancing supply chain resilience.
- Product Innovations: Released new products like automated hail and snow response features, and the SmartTrack suite.
- Investment in Robotics: Significant investment in SWAP Robotics to streamline installation and maintenance processes.
Market Dynamics
- Order Book: Ended the year with a $2 billion order book, up 10% compared to 2023.
- Growing Demand in Solar Industry: Utility-scale solar is identified as a cost-effective energy source, with expectations for continued growth driven by rising electricity demand.
- Challenges: While momentum is strong, the company acknowledges ongoing market headwinds, especially in Brazil due to political and economic factors affecting growth.
2025 Guidance
- Projected Revenue: Between $1.05 billion and $1.15 billion, anticipating 20% year-over-year growth.
- Adjusted EBITDA: Forecasted to range between $180 million and $200 million.
- Gross Margin Expectations: Anticipated to be in the range of 29% to 30%.
- First Quarter Guidance: Expected revenue of $260 million to $270 million, indicating a slight decline from Q4 due to seasonal factors and further shipment impacts from prior commitments.
Closing Remarks
The management team remains optimistic about the utility-scale solar market's outlook and is focused on business growth, customer relationships, product innovation, and operational efficiency. There is cautious optimism as the company enters 2025, expecting to capitalize on the positive trends within the solar industry.
Key Takeaways for Investors
- Growth Trajectory: Array is positioned for sustainable growth with a solid order book and market demand.
- Operational Efficiency: Continuous improvements in margins signify effective cost management despite challenges and impairments.
- Future Focus: Investments in innovation and new technology, especially in automation, indicate Array's intent to enhance market share and operational efficiency.
Overall, Array Technologies appears to be navigating a challenging market effectively, showcasing strong fundamentals and potential for long-term growth in the renewable energy sector.
Array Technologies. Earnings History
Earnings Calendar
FAQ
When is the earnings report for ARRY?
Array Technologies, Inc. (ARRY) has scheduled its earnings report for May 08, 2025 after the markets close.
What is the ARRY price-to-earnings (P/E) ratio?
ARRY P/E ratio as of Mar 14, 2025 (TTM) is -3.81.
What is the ARRY EPS forecast?
The forecasted EPS (Earnings Per Share) for Array Technologies, Inc. (ARRY) for the first fiscal quarter 2025 is $0.0800.
What are Array Technologies, Inc.'s retained earnings?
On its balance sheet, Array Technologies, Inc. reported retained earnings of $275.23 million for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
