ARRY Earnings Prediction
The chart below shows how ARRY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ARRY sees a +3.19% change in stock price 10 days leading up to the earnings, and a +2.95% change 10 days following the report. On the earnings day itself, the stock moves by +1.91%. This data can give you a slight idea of what to expect for the next quarter's release.
ARRY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
275.23M
-19.43%
18.94%
Gross Margin
25.51%
16.75%
-14.97%
Operating Margin
8.70%
-3.97%
-31.28%
Net Margin
-46.11%
-914.66%
-24.51%
EPS
-0.93
-2425.00%
-8.82%
No Data Available
ARRY Earnings Analysis
Array Technologies Inc Corporation (ARRY.O) Earnings Conference Call
Positive
Fourth Quarter Revenue Surge: Strong fourth quarter performance with $275 million in revenue, exceeding guidance expectations.
Revenue Exceeds Guidance: Full year 2024 revenue reached $916 million, surpassing the midpoint of guidance range.
Gross Margin Improvement: Adjusted gross margin improved significantly, reaching 29.8% in Q4 and 34.1% for the full year, reflecting a year-on-year increase of 410 and 680 basis points respectively.
Strong Free Cash Flow: Generated $135 million in free cash flow for the year, ending with a strong cash balance of $364 million.
New Manufacturing Facility Development: Broke ground on a new manufacturing facility in Albuquerque, enhancing supply chain resiliency and reducing costs.
Order Book Growth: Achieved a 10% increase in the order book, totaling $2 billion, with strong domestic growth of over 20%.
OmniTrack Revenue Contribution: OmniTrack terrain following tracker gained traction, contributing nearly 10% of 2024 revenue, indicating strong market demand.
Product Innovation and Efficiency: Innovative product developments, including automated hail and snow response features, enhancing customer value and operational efficiency.
SWAP Robotics Investment: Investment in SWAP robotics to improve project cycle time efficiency and reduce costs for customers.
Domestic Supply Chain Commitment: Continued focus on domestic supply chain, with plans to provide 100% domestic content trackers by mid-2025, enhancing sustainability and reliability.
Negative
Q4 Revenue Decline: Revenue in Q4 2024 was $275.2 million, down 19% from the prior year, largely due to commodity correlated ASP declines and project pushouts.
Revenue Decline Analysis: Full year revenue was approximately $916 million, representing a 42% decline compared to 2023, due to a decrease in both volume and ASPs.
Operating Expenses Surge: Total operating expenses increased to $220.7 million, up approximately $167 million from $54 million in the same period last year, primarily due to noncash impairment charges related to the 2022 STI acquisition.
Net Loss Comparison: Net loss attributable to common shareholders in Q4 2024 was $141.2 million compared to net income of $6 million in the prior year period, indicating a significant downturn in profitability.
Earnings Decline Analysis: Diluted loss per share was $0.93 compared to diluted income per share of $0.04 in the prior year period, reflecting a substantial decline in earnings.
EBITDA Decline Analysis: Full year adjusted EBITDA was $173.6 million compared to $288.1 million in the prior year, showing a decrease in operational profitability.
Operating Expenses Increase: Operating expenses for the full year increased to $524.7 million from $201.4 million in the prior year, primarily due to noncash impairment charges.
Profitability Decline: Adjusted net income was $91.2 million compared to $171.9 million in the prior year, indicating a significant drop in profitability.
Decline in Free Cash Flow: Free cash flow for the year was $135.4 million compared to $215 million in the prior year, reflecting reduced cash generation capabilities.
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ARRY Earning Call Sentiment
Array Technologies, Inc. (ARRY) Q4 2024 Earnings Call Transcript
ARRY.O
1.65%Positive
The earnings call reveals several negative factors, including a significant revenue and EBITDA decline, increased operating expenses, and a substantial net loss. Despite improved gross margins, the financial health appears weak. The Q&A section highlights uncertainties, such as challenges in Brazil and unclear management responses. The market cap suggests a moderate reaction, leading to a negative prediction for the stock price movement.
