---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-272461"
form_type: "8-K"
ticker: "ARRY"
cik: "0001820721"
company_name: "Array Technologies, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:00:22.428080+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Array Tech Q3 revenue $350.4M (-32% YoY); appoints Kurt Wood as CFO starting Nov 13

## Summary
- Revenue $350.4M, down 32% YoY; net income $10.1M; diluted EPS $0.07; adjusted EPS $0.21.
- Adjusted EBITDA $57.4M vs $55.4M; FY2023 guidance: rev $1,525-$1,575M, adj EBITDA $280-$290M, adj EPS $1.00-$1.05.
- Executed contracts and awarded orders totaled $1.6B as of Sept 30, 2023.
- Kurt Wood appointed CFO effective Nov 13; Nipul Patel to assist transition through year-end.
- Wood receives $475k base salary, $300k sign-on bonus, and $1.5M equity grant (50% PSUs, 50% RSUs).

## SEC filing metadata
- accession: 0001193125-23-272461
- form_type: 8-K
- ticker: ARRY
- cik: 0001820721
- company_name: Array Technologies, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820721/000119312523272461/0001193125-23-272461-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820721/000119312523272461/d903281d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-272461
- JSON: https://secwatch.observer/filing/0001193125-23-272461.json
- Plain text: https://secwatch.observer/filing/0001193125-23-272461.txt

## Key facts
- Earnings Releases
  Array Technologies, Inc. reported third quarter ended September 30, 2023 results: revenue $350.4 million, net income $10.1 million, EPS $0.07. Guidance reaffirmed.
  - Period: third quarter ended September 30, 2023
  - Revenue: $350.4 million
  - Net income: $10.1 million
  - EPS: $0.07
  - Guidance: reaffirmed
  - Result: reported results
  source text: Revenue decreased 32% to $350.4 million, compared to $515.0 million for the prior-year period
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820721/000119312523272461/0001193125-23-272461-index.htm
- Executive change
  Kurt Wood was appointed as Chief Financial Officer at Array Technologies, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On November 3, 2023, Array’s Board of Directors (the “Board”) appointed Kurt Wood, age 48, as Chief Financial Officer of the Company, effective upon commencement of his employment with the Company on November 13, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820721/000119312523272461/0001193125-23-272461-index.htm
- Executive change
  Nipul Patel departed as Chief Financial Officer at Array Technologies, Inc..
  - Action: expected separation
  - Role: Chief Financial Officer
  source text: Nipul Patel will continue in his current role as Chief Financial Officer until Mr. Wood begins employment with the Company, and thereafter will assist with the transition in an advisory role until Mr. Patel’s expected separation from the Company at the end of the year (the “Transition Period”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820721/000119312523272461/0001193125-23-272461-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.