other material
confidence high
sentiment neutral
materiality 0.60
Array files pro forma financials for completed STI acquisition, showing pro forma net loss of $158M
Array Technologies, Inc.
- Consideration: €361M cash + 13.9M shares; deal closed Jan 11, 2022.
- Pro forma combined revenue $1,118.9M, net loss to common $158.0M for 2021.
- Adjusted STI contributed revenue $265.5M and net income $34.1M for 2021.
- Pro forma diluted EPS loss of $1.09 vs Array standalone loss of $0.51.
- Acquisition financed with $425M convertible notes and $49.4M preferred stock.