Array Technologies Inc. (ARRY) Tops Q2 EPS by 6c, Beats on Revenue; Offers FY25 Guidance
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ARRAY Technologies, Inc. Reports Financial Results for the Second Quarter 2025
August 7, 2025 4:18 PM EDTCommercial excellence continues to deliver, year-to-date volume growth up 84% over 2024
2025 Second Quarter Highlights
Revenue of $362.2 millionGross Margin of 26.8%Adjusted gross margin(1) of 27.8%Net income to common shareholders of $28.5 millionAdjusted EBITDA(1) of $63.6 millionNet income per basic and diluted share of $0.19Adjusted net income per diluted share(1) of $0.25Total executed contracts and awarded orders at June 30, 2025 were over $1.8 billion Inclusive of strategic descoping and reconfiguring of low-margin projects associated with legacy fixed-price volume commitment... More