Overview

* Array Technologies ( ARRY ) Q3 revenue of $393.5 mln beats analyst expectations

* Adjusted EPS of $0.30 for Q3 exceeds analyst estimates

* Company completed acquisition of APA Solar, contributing $16.9 mln to Q3 revenue

Outlook

* Company updates full-year 2025 revenue guidance to $1.25 bln-$1.28 bln

* Array expects full-year 2025 adjusted EBITDA of $185 mln-$195 mln

* Company anticipates 2025 adjusted net income per share of $0.64-$0.70

Result Drivers

* APA ACQUISITION - Completed acquisition of APA Solar contributed $16.9 mln to Q3 revenue, enhancing product offerings

* STRONG PARTNERSHIPS - Robust bookings reflect deep trust and expanding partnerships with developers, utilities, and power producers

* REVENUE GROWTH - Year-to-date revenue up 65% and volume up 74%, driven by strategic initiatives and market demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $393.5 $311.08

Revenue mln mln (18

Analysts

)

Q3 Beat $0.30 $0.20

Adjusted (20

EPS Analysts

)

Q3 Net $18.40

Income mln

Q3 Beat $72.20 $55.77

Adjusted mln mln (20

EBITDA Analysts

)

Q3 Gross 26.90%

Margin

Q3 $1.90

Orders bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

* Wall Street's median 12-month price target for Array Technologies Inc ( ARRY ) is $9.31, about 17% above its November 4 closing price of $7.73

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)