---
schema_version: "secwatch.filing_event.v1"
accession: "0001820721-24-000047"
form_type: "8-K"
ticker: "ARRY"
cik: "0001820721"
company_name: "Array Technologies, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:50:15.614620+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Array Q1: Record gross margin 38.3%, revenue $153.4M, $2.1B order book

## Summary
- Revenue $153.4M; net loss $11.3M ($0.07 diluted EPS); adjusted diluted EPS $0.06.
- Record adjusted gross margin 38.3%, up YoY, boosted by $4.0M supplier settlement and 45X benefits.
- Q1 bookings ~$400M; total executed contracts and awarded orders at $2.1B.
- Reaffirmed FY2024 guidance: revenue $1.25-1.4B, adjusted EBITDA $285-315M, adj. EPS $1.00-1.15.
- Generated $45.1M free cash flow on strong collections and customer deposits.

## SEC filing metadata
- accession: 0001820721-24-000047
- form_type: 8-K
- ticker: ARRY
- cik: 0001820721
- company_name: Array Technologies, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820721/000182072124000047/0001820721-24-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820721/000182072124000047/arry-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820721-24-000047
- JSON: https://secwatch.observer/filing/0001820721-24-000047.json
- Plain text: https://secwatch.observer/filing/0001820721-24-000047.txt

## Key facts
- Earnings Releases
  Array Technologies, Inc. reported first quarter ended March 31, 2024 results: revenue $153.4 million, net income Net loss to common shareholders of $11.3 million, EPS Basic and diluted net loss per share of $0.07. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $153.4 million
  - Net income: Net loss to common shareholders of $11.3 million
  - EPS: Basic and diluted net loss per share of $0.07
  - Guidance: reaffirmed
  - Result: reported results
  source text: Array Technologies, Inc. Reports Financial Results for the First Quarter 2024 – Achieves record gross margin and $2.1 billion of executed contracts and awarded orders First Quarter 2024 Highlights • Revenue of $153.4 million • Gross Margin of 35.9% • Adjusted gross margin of 38.3% (1) • Net loss to common shareholders of $11.3 million • Adjusted EBITDA (1) of $26.2 million • Basic and diluted net loss per share of $0.07 • Adjusted diluted net income per share (1) of $0.06
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820721/000182072124000047/0001820721-24-000047-index.htm

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