secwatch.observer — SEC 8-K summary
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Issuer:     Array Technologies, Inc. (ARRY)
CIK:        0001820721
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001820721-24-000073
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Array Tech Q3 revenue $231.4M, net loss $155.4M on $162M goodwill impairment; adjusts FY24 guidance
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- Revenue $231.4M; adjusted gross margin 35.4%; adjusted EBITDA $46.7M.
- Net loss of $155.4M includes $162M non-cash goodwill impairment from 2022 STI acquisition.
- Adjusted diluted EPS $0.17 vs diluted GAAP loss $(1.02).
- FY24 revenue guidance narrowed to $900M-$920M; adjusted EBITDA $170M-$180M; adjusted EPS $0.60-$0.65.
- Executed contracts and awarded orders $2.0B; free cash flow guided $100M-$115M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820721/000182072124000073/0001820721-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820721/000182072124000073/arry-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001820721-24-000073

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