Array Technologies Inc. (ARRY) Tops Q4 EPS by 2c, Offers FY Guidance

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Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2020

March 9, 2021 4:02 PM EST

Fourth Quarter 2020 Financial Highlights

Revenue of $180.6 millionNet Loss of ($9.8) millionBasic and Diluted Net Loss per share of ($0.08)Adjusted EBITDA of $20.0 million(1)Adjusted Basic and Diluted Net Income per share of $0.08(1)

Full Year 2020 Financial Highlights

Revenue of $872.7 millionNet Income of $59.1 millionBasic and Diluted Net Income per share of $0.49Adjusted EBITDA of $160.5 million(1)Adjusted Basic and Diluted Net Income per share of $0.93(1)

(1) A reconciliation of the GAAP to the most comparable Non-GAAP results is included below.

ALBUQUERQUE, N.M.,... More