Overview

* Array Technologies ( ARRY ) Q2 revenue of $362.2 mln beats analyst expectations, per LSEG data

* Adjusted EPS of $0.25 exceeds estimates, reflecting strong operational performance

* Adjusted EBITDA of $63.6 mln surpasses forecast, per LSEG data

Outlook

* Array raises 2025 revenue guidance to $1.180 bln-$1.215 bln

* Company expects 2025 adjusted EBITDA of $185 mln-$200 mln

* Array projects 2025 adjusted EPS between $0.63 and $0.70

Result Drivers

* STRATEGIC DESCOPING - Co attributes improved orderbook quality to strategic descoping and reconfiguring of low-margin projects

* ACQUISITION - Signed agreement to acquire APA Solar, expected to enhance product offerings and growth

* CAPITAL STRUCTURE - Issued convertible notes and repaid term loan, improving debt maturity profile

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $362.20 $290.40

Revenue mln mln (19

Analysts

)

Q2 Beat $0.25 $0.2 (18

Adjusted Analysts

EPS )

Q2 Net $28.50

Income mln

Q2 Beat $63.60 $53 mln

Adjusted mln (19

EBITDA Analysts

)

Q2 Gross 26.8%

Margin

Q2 $1.80

Orders bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 12 "hold" and no "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 $8.25, about 30.5% above its August 6 closing price of $5.73

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(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.)