Array Tech Q4 revenue $275M beats midpoint; full-year net loss $296M on $328M impairment; FY25 rev guidance $1.05-1.15B

Array Technologies, Inc.

2024-FY EPS reported -$1.95 revenue$915,807,000

Q4 2024 revenue $275.2M, adj. gross margin 29.8%, adj. EBITDA $45.2M, adj. EPS $0.16.
FY 2024 revenue $915.8M, record gross margin 32.5%, adj. EBITDA $173.6M, free cash flow $135.4M.
Net loss Q4 $141.2M and FY $296.1M includes $236M goodwill impairment and $91.9M intangible write-down from 2022 STI acquisition.
Orderbook $2.0B at Dec 31, 2024 (+10% YoY); OmniTrack now >20% of orderbook; targeting 100% domestic content trackers by H1 2025.
Guidance: Q1 2025 rev $260-270M, adj. EBITDA margin 11-13%; FY 2025 rev $1.05-1.15B, adj. EBITDA $180-200M, adj. EPS $0.60-0.70.

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