Array Technologies reports Q2 earnings beat; reaffirms FY22 guidance

Aug. 09, 2022 4:11 PM ETArray Technologies, Inc. (ARRY)By: Meghavi Singh, SA News Editor6 Comments
  • Array Technologies  press release (NASDAQ:ARRY): Q2 Non-GAAP EPS of $0.09 beats by $0.07.
  • Revenue of $424.9M (+116.2% Y/Y) beats by $87.97M.
  • Adjusted EBITDA increased to $25.9M, compared to $9.9M for the prior-year period.
  • Full Year 2022 Guidance: For the year ending December 31, 2022, the company reaffirms it expectations of: Revenue to be in the range of $1.30 billion to $1.50 billion vs. consensus of $1.40B; Adjusted EBITDA to be in the range of $120.0 million to $140.0 million; Adjusted net income per share to be in the range of $0.25 to $0.35 vs. consensus of $0.31.

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