Array Technologies Inc. (ARRY) Tops Q1 EPS by 8c, Offers Guidance

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Go back to Array Technologies Inc. (ARRY) Tops Q1 EPS by 8c, Offers Guidance

Array Technologies, Inc. Reports Financial Results for the First Quarter 2022 – Delivers strong top-line growth, a robust backlog and continued margin progression in the legacy Array business

May 10, 2022 4:01 PM EDT

First Quarter 2022 Highlights

Revenue of $300.6 millionNet loss to common stockholders of $33.7 millionAdjusted EBITDA(1) of $0.7 millionAdjusted basic and diluted net loss per share(1) of $0.02Executed contracts and awarded orders at March 31, 2022 totaling $2.0 billionJoined UN Global Compact, the worlds largest corporate sustainability initiative

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

ALBUQUERQUE, N.M., May 10, 2022 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (Array or the Company), a leading provider of tracker solutions and services for utility-scale solar... More