secwatch.observer — SEC 8-K summary
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Issuer:     Nextpower Inc. (NXT)
CIK:        0001852131
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000950103-24-001501
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852131/000095010324001501/0000950103-24-001501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852131/000095010324001501/dp206047_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-001501

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