secwatch.observer — SEC 8-K summary
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Issuer:     Array Technologies, Inc. (ARRY)
CIK:        0001820721
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001820721-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820721/000182072124000005/0001820721-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820721/000182072124000005/arry-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001820721-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer