Nextracker Q3 FY24 revenue $710M (+38% YoY); adj. EPS $0.96; raises FY24 guide

Nextpower Inc.

2024-Q3 EPS reported $1.86 revenue$1,763,326,000

Revenue $710M, up 38% YoY; GAAP net income $128M ($0.87 diluted EPS).
Adjusted EBITDA $168M, up 168% YoY; adjusted net income $142M ($0.96 adj. diluted EPS).
Raised FY24 revenue guidance to $2.425B-$2.475B (from $2.3B-$2.4B); adjusted EBITDA to $475M-$500M.
Record backlog; achieved 10-gigawatt milestone in India, Middle East, Africa for projects in operation/fulfillment.
Total liquidity ~$800M; year-to-date operating cash flow $317M and adjusted free cash flow $314M.

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 0.9

Nextpower Inc. reported the third fiscal quarter ended December 31, 2023 results: revenue $710 million, net income $128 million, diluted EPS $0.87, EPS $0.87. Guidance raised.

Period: the third fiscal quarter ended December 31, 2023
Revenue: $710 million
Net income: $128 million, diluted EPS $0.87
EPS: $0.87
Guidance: raised
Result: reported results

Exact text from the filing

of intelligent solar tracker and software solutions, today announced financial results for the third quarter ended December 31, 2023. Q3 FY2024 Financial Highlights: • Revenue $710 million, up 38% YoY • GAAP net income $128 million, diluted EPS $0.87 • Adjusted EBITDA $168 million, up 168% YoY • Adjusted net income $142 million, adjusted diluted EPS $0.96 Q3 FY2024

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Source: SEC EDGAR

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