Array Tech Q2 adj EPS $0.25, revenue $362M; raises FY25 guidance, acquires APA Solar

Array Technologies, Inc.

2025-Q2 EPS reported $0.20 revenue$664,606,000

Revenue $362.2M, up 20% sequentially; net income $28.5M ($0.19/shr); adj EBITDA $63.6M; adj EPS $0.25.
Year-to-date volume growth up 84% vs 2024; executed contracts/awarded orders over $1.8B.
Definitive agreement to acquire APA Solar, expected close in coming weeks.
Issued $345M convertible notes, repaid term loan, repurchased $100M of 2028 notes at ~20% discount.
Raised FY25 guidance: revenue $1.180-1.215B, adj EBITDA $185-200M, adj EPS $0.63-0.70.

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