Nextracker reports FY24 revenue $2.5B (+31% YoY), backlog over $4B, 100 GW shipped

Nextpower Inc.

2024-FY EPS reported $3.37 revenue$2,499,841,000

Revenue $2.5B (+31% YoY), GAAP net income $496M (diluted EPS $3.37), adjusted EBITDA $521M (+150% YoY).
Q4 revenue $737M (+42% YoY), GAAP net income $223M (diluted EPS $1.51), adjusted EBITDA $160M (+120% YoY).
Record backlog over $4B; first US solar company to exceed 100 GW global shipments since inception.
FY2025 guidance: revenue $2.8-$2.9B, adjusted EBITDA $600-$650M, adjusted diluted EPS $2.89-$3.09.
Launched 3 new products and expanded U.S. manufacturing capacity to over 30 GW domestically.

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. reported fiscal full year ended March 31, 2024 results: revenue 2.5 billion, net income 496 million, EPS 3.37.

Period: fiscal full year ended March 31, 2024
Revenue: 2.5 billion
Net income: 496 million
EPS: 3.37
Result: reported results

Exact text from the filing

Full FY2024 Financial Highlights • Revenue $2.5 billion, up 31% YoY • GAAP net income $496 million, diluted EPS $3.37

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Nextpower Inc. reported fiscal fourth quarter ended March 31, 2024 results: revenue 737 million, net income 223 million, EPS 1.51.

Period: fiscal fourth quarter ended March 31, 2024
Revenue: 737 million
Net income: 223 million
EPS: 1.51
Result: reported results

Exact text from the filing

Q4 FY2024 Financial Highlights: • Revenue $737 million, up 42% YoY • GAAP net income $223 million, diluted EPS $1.51

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nextpower Inc. reported FY2025 Annual Guidance results: revenue 2.8 billion to 2.9 billion, net income 369 million to 399 million, EPS 2.41 to 2.61. Guidance initiated.

Period: FY2025 Annual Guidance
Revenue: 2.8 billion to 2.9 billion
Net income: 369 million to 399 million
EPS: 2.41 to 2.61
Guidance: initiated
Result: guidance update

Exact text from the filing

FY2025 Annual Guidance • Revenue: $2.8 billion to $2.9 billion • GAAP net income: $369 million to $399 million • GAAP diluted EPS: $2.41 to $2.61

View on SEC.gov

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Nextpower Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-023261

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