Array Technologies Reports Strong Q1 2025 Results

Array Technologies Inc ( (ARRY) ) has released its Q1 earnings. Here is a breakdown of the information Array Technologies Inc presented to its investors.

Array Technologies, Inc., a prominent player in the solar tracking technology sector, provides solutions for utility-scale and distributed solar PV sites, leveraging its robust manufacturing and technological capabilities to enhance energy production. The company recently reported its financial results for the first quarter of 2025, showcasing strong operational execution that exceeded revenue and earnings guidance. Key highlights include a revenue of $302.4 million, a gross margin of 25.3%, and an adjusted EBITDA of $40.6 million. The company also reported a net income of $2.3 million to common shareholders, translating to $0.02 per share, with an adjusted net income per diluted share of $0.13. Array Technologies has a strong order book with $2.0 billion in executed contracts and awarded orders as of March 31, 2025, and has successfully amended and extended its revolving credit facility. Looking ahead, Array Technologies maintains its full-year 2025 guidance, projecting revenue between $1.05 billion and $1.15 billion, and adjusted EBITDA ranging from $180 million to $200 million. The company remains focused on long-term value creation and deepening customer partnerships, positioning itself well amidst global economic uncertainties.