2023-08-08 16:25:12 ET
- Array Technologies press release ( NASDAQ: ARRY ): Q2 Non-GAAP EPS of $0.47 beats by $0.29 .
- Revenue of $507.7M (+19.5% Y/Y) beats by $59.46M .
- Revenue increased 21% to $507.7 million, compared to $419.9 million for the prior-year period resulting from both an increase in the total number of MWs shipped and an increase in ASP due to improved pass-through pricing to our customers.
- Executed contracts and awarded orders at June 30, 2023 totaling $1.7 billion
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For the year ending December 31, 2023, the company expects:
- Revenue to be in the range of $1,650 million to $1,725 million vs. $1.85B consensus
- Adjusted EBITDA to be in the range of $280 million to $295 million
- Adjusted net income per share to be in the range of $1.00 to $1.07 vs. $0.87 consensus
For further details see:
Array Technologies Non-GAAP EPS of $0.47 beats by $0.29, revenue of $507.7M beats by $59.46M