Array Technologies Inc. (ARRY) Tops Q2 EPS by 7c; Offers FY22 Guidance

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Go back to Array Technologies Inc. (ARRY) Tops Q2 EPS by 7c; Offers FY22 Guidance

Array Technologies, Inc. Reports Financial Results for the Second Quarter 2022 – Outperforms on revenue and adjusted EBITDA, delivers organic growth of 79% in Array Legacy Operation segment, and has

August 9, 2022 4:01 PM EDT

Second Quarter 2022 Highlights

Revenue of $424.9 millionNet loss to common stockholders of $15.0 millionAdjusted EBITDA(1) of $25.9 millionBasic and diluted net loss per share of $0.10Adjusted basic and diluted net earnings per share(1) of $0.09Executed contracts and awarded orders at June 30, 2022 totaling $1.9 billion

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

ALBUQUERQUE, N.M., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (Array or the Company), a leading provider of tracker solutions and services for utility-scale... More