Array Technologies, Inc. Reports Financial Results for the First Quarter 2024 – Achieves record gross margin and $2.1 billion of executed contracts and awarded orders
ARRYArray Technologies(ARRY) Newsfilter·2024-05-10 04:05

First Quarter 2024 Highlights Revenue of 153.4millionGrossMarginof35.9153.4 million Gross Margin of 35.9% Adjusted gross margin of 38.3%(1) Net loss to common shareholders of 11.3 million Adjusted EBITDA(1) of 26.2millionBasicanddilutednetlosspershareof26.2 million Basic and diluted net loss per share of 0.07 Adjusted diluted net income per share(1) of $0.06 ALBUQUERQUE, N.M., May 09, 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 announ ...