See more : Great Tang Bid Technology, Inc. (GTBT) Income Statement Analysis – Financial Results
Complete financial analysis of Array Technologies, Inc. (ARRY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Array Technologies, Inc., a leading company in the Solar industry within the Energy sector.
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Array Technologies, Inc. (ARRY)
About Array Technologies, Inc.
Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 1.58B | 1.64B | 853.32M | 872.66M | 647.90M | 290.78M |
| Cost of Revenue | 1.16B | 1.41B | 770.46M | 669.86M | 497.14M | 279.23M |
| Gross Profit | 415.55M | 227.28M | 82.86M | 202.80M | 150.76M | 11.56M |
| Gross Profit Ratio | 26.36% | 13.88% | 9.71% | 23.24% | 23.27% | 3.97% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 159.54M | 150.78M | 80.97M | 55.63M | 41.21M | 46.88M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 159.54M | 150.78M | 80.97M | 55.63M | 41.21M | 46.88M |
| Other Expenses | 41.89M | 2.79M | -905.00K | -2.31M | -33.00K | -447.00K |
| Operating Expenses | 201.43M | 249.92M | 104.90M | 81.15M | 66.71M | 73.59M |
| Cost & Expenses | 1.36B | 1.66B | 875.36M | 751.01M | 563.85M | 352.81M |
| Interest Income | 8.33M | 3.18M | 209.00K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 44.23M | 33.51M | 35.48M | 15.13M | 18.80M | 19.04M |
| Depreciation & Amortization | 54.83M | 101.06M | 25.95M | 27.47M | 27.30M | 28.41M |
| EBITDA | 276.21M | 81.21M | 300.00K | 149.13M | 110.68M | -33.25M |
| EBITDA Ratio | 17.52% | 4.96% | 0.35% | 16.82% | 17.18% | -11.70% |
| Operating Income | 214.12M | -18.13M | -24.74M | 95.21M | 83.41M | -61.21M |
| Operating Income Ratio | 13.58% | -1.11% | -2.90% | 10.91% | 12.87% | -21.05% |
| Total Other Income/Expenses | -36.97M | 13.18M | -36.38M | -17.43M | -18.83M | -19.49M |
| Income Before Tax | 177.16M | -4.95M | -61.12M | 77.78M | 64.58M | -80.70M |
| Income Before Tax Ratio | 11.24% | -0.30% | -7.16% | 8.91% | 9.97% | -27.75% |
| Income Tax Expense | 39.92M | -9.38M | -10.72M | 18.71M | 24.83M | -19.93M |
| Net Income | 137.24M | 4.43M | -50.40M | 59.07M | 39.75M | -60.76M |
| Net Income Ratio | 8.71% | 0.27% | -5.91% | 6.77% | 6.13% | -20.90% |
| EPS | 0.57 | 0.03 | -0.39 | 0.47 | 0.31 | -0.48 |
| EPS Diluted | 0.56 | 0.03 | -0.39 | 0.47 | 0.31 | -0.48 |
| Weighted Avg Shares Out | 150.94M | 149.82M | 129.98M | 126.99M | 126.99M | 126.99M |
| Weighted Avg Shares Out (Dil) | 152.02M | 149.82M | 129.98M | 126.99M | 126.99M | 126.99M |
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ALBUQUERQUE, N.M., July 18, 2024 (GLOBE NEWSWIRE) -- Array Technologies (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its second quarter 2024 results after the market close on Thursday, August 8ᵗʰ, 2024, to be followed...
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