Nextracker Q2 revenue $573M (+23% YoY), GAAP EPS $0.55, raises FY24 guidance

Nextpower Inc.

2024-Q2 EPS reported $0.99 revenue$1,052,900,000

GAAP net income $81M ($0.55 EPS); non-GAAP net income $96M ($0.65 EPS).
Adjusted EBITDA $110M, up 164% YoY; record backlog and customer wins globally.
FY24 guidance raised: revenue $2.3B-$2.4B; GAAP EPS $1.60-$1.80; adjusted EBITDA $390M-$440M.
Non-GAAP EPS guidance raised to $1.95-$2.15 from $1.45-$1.65.
Announced planned separation from Flex in separate press release.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Nextpower Inc. updated its guidance (raised).

Guidance: raised
Result: guidance update

Exact text from the filing

We have raised our annual profit guidance and the mid-point of our annual revenue guidance.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Nextpower Inc. reported the second quarter ended September 29, 2023 results: revenue $573 million, net income GAAP net income $81 million, EPS $0.55, EPS $0.55. Guidance raised.

Period: the second quarter ended September 29, 2023
Revenue: $573 million
Net income: GAAP net income $81 million, EPS $0.55
EPS: $0.55
Guidance: raised
Result: reported results

Exact text from the filing

intelligent solar tracker and software solutions, today announced financial results for the second quarter ended September 29, 2023. Q2 FY2024 Financial Highlights: • Revenue $573 million, up 23% YoY • GAAP net income $81 million, EPS $0.55 • Adjusted EBITDA $110 million, up 164% YoY • Non-GAAP net income $96 million, non-GAAP EPS $0.65 Q2 FY2024 Business

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168 earnings releases filed in the last 30 days. Browse all earnings releases →

Nextpower Inc. filing history →

Source: SEC EDGAR

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