Array Technologies Inc (OQ:ARRY)

Business Focus: Renewable Energy Equipment & Services

Sector:  Energy Industry:  Renewable Energy Equipment & Services
See Regulatory Filings on SEC
Company Contact
Address: 3901 Midway Place Ne
Tel: N/A
IR: See website
Key People
Kevin George Hostetler
Chief Executive Officer, Director
Neil Manning
Chief Operations Officer
Terrance L. Collins
Chief Human Resource Officer
James Zhu
Chief Accounting Officer
Tyson K. Hottinger
Chief Legal Officer
Travis Rose
Chief Revenue Officer
Business Overview
Array Technologies, Inc. is a provider of utility-scale solar tracker technology. The Company manufactures ground-mounting tracking systems used in utility and distributed generation solar energy projects worldwide. The Company's segments include Array Legacy Operations and STI Legacy Operations. Its principal products are a portfolio of integrated solar tracking systems comprised of software and hardware that include, component parts, such as steel tubing, steel supports, drivelines, center structures, electric motors, motor controller assemblies, bearing assemblies, gearboxes and electronic controllers commonly referred to as a single-axis tracker. Its flagship tracker uses a patented design that allows one motor to drive multiple rows of solar panels. Its products and services include Tracker Systems; DuraTrack HZ v3; Array STI H250; Array OmniTrack, and SmarTrack Software. SmarTrack is its range of software and control-based products designed for utility-scale solar sites.
Financial Overview
For the three months ended 31 March 2024, Array Technologies Inc revenues decreased 59% to $153.4M. Net loss applicable to common stockholders totaled $11.3M vs. income of $17.2M. Revenues reflect Array segment decrease of 63% to $114.4M, STI segment decrease of 45% to $39M. Net loss reflects Foreign Exchange Gain/LossNon-Business increase from $194K to $499K (expense).
Employees: 975 as of Mar 31, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $2,457M as of Mar 31, 2024
Annual revenue (TTM): $1,353M as of Mar 31, 2024
EBITDA (TTM): $229.25M as of Mar 31, 2024
Net annual income (TTM): $57.06M as of Mar 31, 2024
Free cash flow (TTM): $218.14M as of Mar 31, 2024
Net Debt Last Fiscal Year: $392.58M as of Mar 31, 2024
Shares outstanding: 151,769,152 as of May 6, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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