Array Tech Q4 rev $341.6M, adj EPS $0.21; FY adj EBITDA record $288M; FY24 rev guide $1.25-$1.4B

Array Technologies, Inc.

2023-FY EPS reported $0.56 revenue$1,576,551,000

Q4 revenue $341.6M; net income $6M; adj EBITDA $48.2M; adj diluted EPS $0.21.
FY 2023 revenue $1,576.6M, net income $85.5M, record adj EBITDA $288.1M, free cash flow $215M.
FY 2024 guidance: revenue $1.25B-$1.4B, adj EBITDA $285M-$315M, adj EPS $1.00-$1.15.
Ended 2023 with $1.8B orderbook; Q4 bookings $600M; paid down $87M debt.
Earned $49.9M of 45X benefit for torque tube deliveries; $9.3M recognized in 2023.

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