Array Technologies Inc ( (ARRY) ) has released its Q2 earnings. Here is a breakdown of the information Array Technologies Inc presented to its investors.
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Array Technologies, Inc. is a leading global provider of solar tracking technology, offering solutions to utility-scale and distributed generation customers to maximize energy production from solar PV sites. The company is headquartered in the United States and is known for its high-quality solar trackers that withstand harsh weather conditions.
In its second-quarter earnings report for 2025, Array Technologies announced significant financial growth and strategic advancements. The company reported a revenue of $362.2 million, with a gross margin of 26.8% and a net income of $28.5 million. The company also highlighted its strategic move to acquire APA Solar and the issuance of new convertible notes.
Key financial metrics from the report include an adjusted EBITDA of $63.6 million and a net income per share of $0.19. The company also reported a gross book-to-bill ratio of approximately 1x and total executed contracts and awarded orders exceeding $1.8 billion. Additionally, Array Technologies has taken steps to improve its capital structure by repaying a term loan and repurchasing convertible notes.
Looking forward, Array Technologies is optimistic about its growth prospects, raising its full-year revenue guidance to between $1.180 billion and $1.215 billion. The company also increased its profitability guidance, reflecting confidence in its strategic initiatives and market positioning in the utility-scale solar sector.