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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IPO stock of the week and hot solar stock Array Technologies topped a buy point in recent sessions. Array boasts huge earnings growth.

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Array Technologies, Inc. is the second-largest solar tracker manufacturer in the world. Array Technologies, Inc. stands to benefit from the increasing global adoption of solar energy as part of efforts to reduce carbon emissions.

Array Technologies: Set To Benefit From The Growth Of The Solar Energy Industry

Array Technologies, Inc. (NASDAQ:ARRY ) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Cody Mueller - VP, Finance and IR Kevin Hostetler - CEO Nipul Patel - CFO Conference Call Participants Brian Lee - Goldman Sachs Mark Strouse - JPMorgan Julien Dumoulin-Smith - Bank of America Christine Cho - Barclays Philip Shen - ROTH Capital Kashy Harrison - Piper Sandler Maheep Mandloi - Credit Suisse Colin Rusch - Oppenheimer Joseph Osha - Guggenheim Donovan Schafer - Northland Capital Tristan Richardson - Scotiabank Mo Chen - Truist Securities Alex Kania - Wolfe Research Derek Soderberg - Cantor Fitzgerald Operator Greetings and welcome to Array Technologies' First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Array Technologies, Inc. (ARRY) Q1 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)-- #embeddedbanking--Fintech Nexus - Array announced today the launch of Subscription Manager, an embeddable, private-label app that helps financial institutions, fintechs, and digital brands attract new consumers and retain existing customers by giving them insight into and control over recurring payments. The increase in subscription-based services in the past decade has made it difficult for consumers to track and manage their spending. The average US household spends $219 a month on s.

Array Launches Subscription Manager to Track and Manage Recurring Payments

Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.02 per share a year ago.

Array Technologies, Inc. (ARRY) Q1 Earnings and Revenues Top Estimates

First Quarter 2023 Highlights Revenue of $376.8 million Net income to common shareholders of $13.6 million Adjusted EBITDA(1) of $67.0 million Basic and diluted net income per share of $0.09 Adjusted diluted net income per share(1) of $0.25 Executed contracts and awarded orders at March 31, 2023 totaling $1.6 billion (1 ) A reconciliation of the most comparable GAAP measure to its Non-GAAP measure is included below. ALBUQUERQUE, N.M.

Array Technologies, Inc. Reports Financial Results for the First Quarter 2023 – Delivers strong results, with revenue of $376.8 million and gross margin of 26.9%

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Array Technologies' (ARRY) Q1 results likely to reflect favorable average selling price of its products as well as benefits of STI acquisition.

What's in Store for Array Technologies (ARRY) in Q1 Earnings?

While it's not a great strategy to make a bet on a stock when it's close to reporting earnings, it's definitely good to keep a watch list of strong companies, like Array Technologies Inc. NASDAQ: ARRY, that are due to report soon. By monitoring your watch list, you can quickly catch a big price move when it happens.

Array Technologies Brings Solar Flare To 2023 Earnings Forecast

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ALBUQUERQUE, N.M., April 18, 2023 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its first quarter 2023 results after the market close on Tuesday, May 9, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

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

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NEW YORK , April 3, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Array Technologies, Inc. ("Array" or the "Company") (NASDAQ: ARRY). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Array Technologies, Inc. - ARRY

Array Technologies, Inc. (ARRY) closed at $19.62 in the latest trading session, marking no change from the prior day.

Array Technologies, Inc. (ARRY) Flat As Market Gains: What You Should Know

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NEW YORK , March 25, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Array Technologies, Inc. (NASDAQ: ARRY) resulting from allegations that Array may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Array securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Array Technologies, Inc. Investors with Losses in Excess of $100K to Inquire About Class Action Investigation - ARRY

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LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Array Technologies, Inc. (“Array” or the “Company”) (NASDAQ: ARRY) investors concerning the Company's possible violations of the federal securities laws.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Array Technologies, Inc. (ARRY) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Array Technologies, Inc. (“Array” or the “Company”) (NASDAQ: ARRY) investors concerning the Company's possible violations of federal securities laws. On March 15, 2023, Array announced that it would be unable to file its 2022 Annual Report within the 15-day extension period given after its previously filed Notification of Late Filing.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Array Technologies, Inc. (ARRY) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Array Technologies, Inc. (“Array” or the “Company”) (NASDAQ: ARRY) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate.

The Law Offices of Frank R. Cruz Announces Investigation of Array Technologies, Inc. (ARRY) on Behalf of Investors

Array Technologies, Inc. (NASDAQ:ARRY ) Q4 2022 Earnings Conference Call March 21, 2023 5:00 PM ET Company Participants Cody Mueller - VP, Finance and IR Kevin Hostetler - CEO Nipul Patel - CFO Erica Brinker - CCO Conference Call Participants Brian Lee - Goldman Sachs Philip Shen - ROTH MKM Julien Dumoulin-Smith - Bank of America Maheep Mandloi - Credit Suisse Donovan Schafer - Northland Capital Markets Colin Rusch - Oppenheimer Jeff Osborne - TD Cowen Joseph Osha - Guggenheim Partners Vikram Bagri - Citi Jordan Levy - Truist Securities Operator Hello and welcome to the Array Technologies' Fourth Quarter and Full Year 2022 Earnings Call. At this time, all participants are in a listen-only mode.

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