Array Technology Mixed Q4, Inventory Declines, Forward Guidance – Array Technology (NASDAQ: ARRY)

Array Technologies, Inc. Ali After Thursday’s end, its fourth quarter results were reported. Here are the details of the quarter.

Details: Array Technologies reported quarterly earnings of 16 cents per share, which missed the analyst consensus estimate of 17 cents. Quarterly revenue was $275.23 million, surpassing the analyst consensus estimate of $268.47 million, down $341.6 million from revenue a year ago.

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“The array achieved strong fourth-quarter and full-year 2024 results, and we surpassed the midpoint of fourth-quarter revenue guidance and reached record gross margins throughout the year. Our ongoing focus on operational execution continues to translate into strong profitability and healthy cash flow. We completed 2024 with $2 billion orders, representing a 10% year-on-year increase.” Kevin G. Hostetler.

prospect: Array Technologies believes that with $218.65 million analysts estimate sales in the first quarter were $260 million to $270 million. The company believes adjusted earnings for fiscal 2025 are 60 cents to 70 cents per share, while 79 cents estimated and sales are $1.05 billion to $1.15 billion, compared with an estimated $1.13 billion.

Arry Price Action: Array Technologies stock fell 12.21% after get off work to $5.75 on Thursday, according to Benzinga Pro.

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