Array Technologies Inc. (ARRY) Tops Q2 EPS by 9c, Offers Guidance

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Go back to Array Technologies Inc. (ARRY) Tops Q2 EPS by 9c, Offers Guidance

Array Technologies, Inc. Reports Financial Results for the Second Quarter 2024 – Delivers strong results on continued gross margin strength

August 8, 2024 4:04 PM EDT

Second Quarter 2024 Highlights

Revenue of $255.8 millionGross Margin of 33.6%Adjusted gross margin of 35.0%(1)Net income to common shareholders of $12.0 millionAdjusted EBITDA(1) of $55.4 millionBasic and diluted net income per share of $0.08Adjusted diluted net income per share(1) of $0.20

ALBUQUERQUE, N.M., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (Array or the Company), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced financial results for its second quarter ended June 30,... More