Financial Snapshot

Revenue
$982.2M
TTM
Gross Margin
32.01%
TTM
Net Earnings
-$103.7M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
240.68%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$457.1M
Q3 2024
Cash
Q3 2024
P/E
-9.066
Nov 29, 2024 EST
Free Cash Flow
$179.4M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $1.577B $1.638B $853.3M $872.7M $647.9M $290.8M
YoY Change -3.72% 91.9% -2.22% 34.69% 122.81%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $1.577B $1.638B $853.3M $872.7M $647.9M $290.8M
Cost Of Revenue $1.161B $1.410B $770.5M $669.9M $497.1M $279.2M
Gross Profit $415.6M $227.3M $82.86M $202.8M $150.8M $11.56M
Gross Profit Margin 26.36% 13.88% 9.71% 23.24% 23.27% 3.97%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $159.5M $150.8M $80.97M $55.60M $41.90M $46.10M
YoY Change 5.81% 86.2% 45.64% 32.7% -9.11%
% of Gross Profit 38.39% 66.34% 97.73% 27.42% 27.79% 398.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.500M $101.1M $25.95M $27.47M $27.32M $28.45M
YoY Change -96.54% 289.5% -5.56% 0.58% -3.99%
% of Gross Profit 0.84% 44.47% 31.31% 13.55% 18.12% 246.21%
Operating Expenses $201.4M $245.4M $107.6M $107.6M $67.35M $72.76M
YoY Change -17.92% 128.08% 0.01% 59.74% -7.43%
Operating Profit $214.1M -$18.13M -$24.74M $95.21M $83.41M -$61.21M
YoY Change -1280.85% -26.71% -125.99% 14.15% -236.28%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $44.23M $33.51M $35.48M $15.13M $18.80M $19.04M
YoY Change 31.98% -5.53% 134.48% -19.51% -1.29%
% of Operating Profit 20.66% 15.89% 22.54%
Other Income/Expense, Net -$36.97M $13.18M -$36.38M -$17.43M -$18.83M -$19.49M
YoY Change -380.46% -136.23% 108.67% -7.41% -3.39%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $177.2M -$4.952M -$61.12M $77.78M $64.58M -$80.70M
YoY Change -3677.48% -91.9% -178.58% 20.44% -180.03%
Income Tax $39.92M -$9.384M -$10.72M $18.71M $24.83M -$19.93M
% Of Pretax Income 22.53% 24.05% 38.46%
Net Earnings $137.2M $4.432M -$50.40M $59.07M $39.75M -$60.76M
YoY Change 2996.57% -108.79% -185.32% 48.63% -165.41%
Net Earnings / Revenue 8.71% 0.27% -5.91% 6.77% 6.13% -20.9%
Basic Earnings Per Share $0.57 -$0.29 -$0.51 $0.49 $0.33 -$0.51
Diluted Earnings Per Share $0.56 -$0.29 -$0.51 $0.49 $0.33 -$0.51

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $249.1M $133.9M $367.7M $108.4M $310.3M $40.80M
YoY Change 86.02% -63.58% 239.18% -65.07% 660.54%
Cash & Equivalents $249.1M $133.9M
Short-Term Investments
Other Short-Term Assets $89.09M $39.43M $33.65M $12.40M $64.50M $15.80M
YoY Change 125.91% 17.19% 171.36% -80.78% 308.23%
Inventory $162.0M $233.2M $205.7M $118.5M $148.0M $55.20M
Prepaid Expenses
Receivables $332.2M $421.2M $236.0M $118.7M $96.30M $51.60M
Other Receivables $0.00 $3.532M $9.052M $17.20M $600.0K $10.50M
Total Short-Term Assets $832.3M $831.2M $852.0M $375.2M $619.7M $173.9M
YoY Change 0.13% -2.44% 127.09% -39.45% 256.35%
Property, Plant & Equipment $53.97M $23.17M $21.94M $9.800M $10.70M $11.00M
YoY Change 132.89% 5.64% 123.85% -8.41% -2.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $34.50M $49.12M $24.53M $3.100M $0.00 $6.500M
YoY Change -29.76% 100.26% 691.26% -100.0%
Total Long-Term Assets $874.5M $874.8M $290.9M $280.8M $303.9M $336.0M
YoY Change -0.04% 200.69% 3.61% -7.6% -9.55%
Total Assets $1.707B $1.706B $1.143B $656.0M $923.6M $509.9M
YoY Change
Accounts Payable $119.5M $170.4M $92.00M $85.00M $135.5M $30.00M
YoY Change -29.88% 85.25% 8.24% -37.27% 351.67%
Accrued Expenses $51.64M $58.59M $47.60M $32.20M $20.30M $20.90M
YoY Change -11.86% 23.09% 47.81% 58.62% -2.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $21.47M $49.24M $4.300M $4.300M $97.70M $59.10M
YoY Change -56.4% 1045.21% 0.0% -95.6% 65.31%
Total Short-Term Liabilities $335.7M $465.3M $245.3M $289.1M $590.6M $134.6M
YoY Change -27.85% 89.67% -15.15% -51.05% 338.78%
Long-Term Debt $660.9M $720.4M $711.1M $424.0M $0.00 $95.90M
YoY Change -8.25% 1.31% 67.7% -100.0%
Other Long-Term Liabilities $32.74M $23.98M $18.36M $10.70M $12.00M $14.90M
YoY Change 36.51% 30.61% 71.6% -10.83% -19.46%
Total Long-Term Liabilities $693.7M $744.3M $729.4M $434.7M $12.00M $110.8M
YoY Change -6.8% 2.04% 67.8% 3522.5% -89.17%
Total Liabilities $1.096B $1.282B $974.7M $736.9M $618.4M $245.4M
YoY Change -14.5% 31.55% 32.27% 19.16% 152.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $940.53 Million

About Array Technologies, Inc.

Array Technologies, Inc. manufactures ground-mounting systems used in solar energy projects. The company is headquartered in Albuquerque, New Mexico and currently employs 961 full-time employees. The company went IPO on 2020-10-15. The firm manufactures ground-mounting tracking systems used in utility and distributed generation solar energy projects worldwide. The Company’s segments include Array Legacy Operations and STI Legacy Operations. Its principal products are a portfolio of integrated solar tracking systems comprised of software and hardware that include, component parts, such as steel tubing, steel supports, drivelines, center structures, electric motors, motor controller assemblies, bearing assemblies, gearboxes and electronic controllers commonly referred to as a single-axis tracker. Its flagship tracker uses a patented design that allows one motor to drive multiple rows of solar panels. Its products and services include Tracker Systems; DuraTrack HZ v3; Array STI H250; Array OmniTrack, and SmarTrack Software. SmarTrack is its range of software and control-based products designed for utility-scale solar sites.

Industry: Miscellaneous Manufacturing Industries Peers: Atkore Inc. ENCORE WIRE CORP EnerSys Enovix Corp Fluence Energy, Inc. SES AI Corp Shoals Technologies Group, Inc. STEM, INC. VICOR CORP