secwatch.observer — SEC 8-K summary
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Issuer:     Array Technologies, Inc. (ARRY)
CIK:        0001820721
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001820721-25-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820721/000182072125000019/0001820721-25-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820721/000182072125000019/arry-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001820721-25-000019

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