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Stock impact report

Array Technologies Inc (ARRY) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]

Array Technologies, Inc. (ARRY) 
Last array technologies, inc. earnings: 5/7 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Adjusted EBITDA: $46.7 million, representing 20.2% of revenue. Free Cash Flow: $43.9 million. Cash Balance: $332 million at the end of the quarter. Order Book: Consistent at $2 billion. Operating Expenses: $211 million, up from $47.2 million due to a $162 million non-cash goodwill impairment charge. Net Loss: $155.4 million compared to net income of $10 million in Q3 2023. Adjusted Net Income: $26.5 million versus $31.7 million in Q3 2023. Adjusted Basic and Diluted Net Income Per Share: 17 compared to 21 in the prior year period. Full Year 2024 Revenue Guidance: Narrowed to $900 million to $920 million. Full Year 2024 Adjusted Gross Margin Guidance: Approximately 34%. Full Year 2024 Free Cash Flow Guidance: Raised to $100 million to $115 million. Warning! GuruFocus has detected 3 Warning Sign with ARRY. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Array Technologies Inc Show less Read more
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