Array Technologies Full Year 2024 Earnings: EPS Misses Expectations

Array Technologies (NASDAQ:ARRY) Full Year 2024 Results

Key Financial Results

• Revenue: US$915.8m (down 42% from FY 2023).
• Net loss: US$296.1m (down by 446% from US$85.5m profit in FY 2023).
• US$1.95 loss per share (down from US$0.57 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Array Technologies EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 109%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are down 20% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Array Technologies you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.