Array Technologies, Inc. (ARRY)

The company now

Array Technologies makes the steel structures that turn rows of solar panels to follow the sun, and its newest results, filed on 5 August, cover the quarter ended 30 June 12. Revenue was $342.1 million, 6 percent less than a year earlier, and net income fell to $24.3 million from $43.3 million 2. Its orderbook, the contracts signed and orders awarded, reached a record $2.5 billion, up 37 percent 1.

The fall came from STI, the international business bought in 2022, whose revenue dropped 69 percent on about 60 percent less volume 2. The US business grew 10 percent, as average selling prices rose about 25 percent while volume fell 12 percent 2. Gross margin, the share of revenue left after production costs, rose to 29.1 percent from 26.8 percent 2.

The newest material event on file is the purchase of Affordable Wire Management, a maker of cable hangers and cable protection for solar and battery sites, completed on 31 August 56. Array paid about $165 million in cash at closing, with up to $50 million more through 2028 tied to staff staying and profit targets 53. The company says AWM had nearly $60 million of revenue in the twelve months before the deal 4.

The next test is the third quarter report, which the company will release after the market closes on 5 November 8. In August it guided third quarter revenue of $310 million to $330 million and full year revenue of $1.4 billion to $1.5 billion 1. Since 10 August, dividends on the preferred stock a Blackstone fund bought in 2021 can only be paid in cash, or they pile up at a higher rate 213.

As of Oct 27, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.