array technologies inc. - ARRY

ARRY

Close Chg Chg %
6.10 0.27 4.43%

Pre-Market

6.37

+0.27 (4.43%)

Volume: 5.95M

Last Updated:

Nov 20, 2024, 4:00 PM EDT

Company Overview: array technologies inc. - ARRY

ARRY Key Data

Open

$6.17

Day Range

6.09 - 6.65

52 Week Range

5.56 - 20.15

Market Cap

$926.85M

Shares Outstanding

151.94M

Public Float

149.41M

Beta

1.61

Rev. Per Employee

N/A

P/E Ratio

N/A

EPS

-$0.98

Yield

0.00%

Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

8.86M

 

ARRY Performance

1 Week
 
-7.01%
 
1 Month
 
-1.09%
 
3 Months
 
-7.95%
 
1 Year
 
-57.73%
 
5 Years
 
N/A
 

ARRY Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 25
Full Ratings ➔

About array technologies inc. - ARRY

Array Technologies, Inc. manufactures ground-mounting systems used in solar energy projects. The company sells its products to engineering, procurement and construction firms that build solar energy projects and to large solar developers, independent power producers and utilities, master supply agreements or multi-year procurement contracts. It has offices in Europe, Central America, and Australia. The company's products include DuraTrack and SmarTrack. Array Technologies was founded by Ronald P. Corio in 1989 and is headquartered in Albuquerque, NM.

ARRY At a Glance

Array Technologies, Inc.
3901 Midway Place NE
Albuquerque, New Mexico 87109
Phone 1-505-881-7567 Revenue 1.58B
Industry Semiconductors Net Income 137.24M
Sector Electronic Technology Employees 1,028
Fiscal Year-end 12 / 2024
View SEC Filings

ARRY Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 29.856
Price to Sales Ratio 1.62
Price to Book Ratio 9.801
Price to Cash Flow Ratio 11.011
Enterprise Value to EBITDA 12.371
Enterprise Value to Sales 2.134
Total Debt to Enterprise Value 0.21

ARRY Efficiency

Revenue/Employee 1,533,609.922
Income Per Employee 133,501.946
Receivables Turnover 4.746
Total Asset Turnover 0.924

ARRY Liquidity

Current Ratio 2.479
Quick Ratio 1.997
Cash Ratio 0.742

ARRY Profitability

Gross Margin 23.889
Operating Margin 13.77
Pretax Margin 11.237
Net Margin 8.705
Return on Assets 8.043
Return on Equity 26.536
Return on Total Capital 10.412
Return on Invested Capital 11.208

ARRY Capital Structure

Total Debt to Total Equity 115.91
Total Debt to Total Capital 53.684
Total Debt to Total Assets 41.461
Long-Term Debt to Equity 262.46
Long-Term Debt to Total Capital 51.62
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Array Technologies Inc. - ARRY

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
872.66M 853.32M 1.64B 1.58B
Sales Growth
+34.69% -2.22% +91.90% -3.72%
Cost of Goods Sold (COGS) incl D&A
695.38M 794.39M 1.51B 1.20B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
27.47M 25.95M 101.06M 54.83M
Depreciation
2.22M 2.40M 2.60M 3.50M
Amortization of Intangibles
25.25M 23.55M 98.46M 51.33M
COGS Growth
+33.05% +14.24% +90.01% -20.50%
Gross Income
177.29M 58.93M 128.14M 376.62M
Gross Income Growth
+41.53% -66.76% +117.44% +193.92%
Gross Profit Margin
+20.32% +6.91% +7.82% +23.89%
2020 2021 2022 2023 5-year trend
SG&A Expense
53.69M 80.97M 145.18M 159.53M
Research & Development
- - - -
-
Other SG&A
53.69M 80.97M 145.18M 159.53M
SGA Growth
+39.50% +50.82% +79.29% +9.89%
Other Operating Expense
- - - -
-
Unusual Expense
33.04M 2.70M (41.66M) 2.96M
EBIT after Unusual Expense
90.56M (24.74M) 24.62M 214.12M
Non Operating Income/Expense
2.35M (905.00K) 3.94M 7.26M
Non-Operating Interest Income
- - - 8.33M
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
15.13M 35.48M 33.51M 44.23M
Interest Expense Growth
-19.51% +134.48% -5.53% +31.98%
Gross Interest Expense
15.13M 35.48M 33.51M 44.23M
Interest Capitalized
- - - -
-
Pretax Income
77.78M (61.12M) (4.95M) 177.16M
Pretax Income Growth
+20.44% -178.58% +91.90% +3,677.48%
Pretax Margin
+8.91% -7.16% -0.30% +11.24%
Income Tax
18.70M (10.72M) (9.38M) 39.92M
Income Tax - Current - Domestic
21.44M (676.00K) 14.46M 32.27M
Income Tax - Current - Foreign
- 60.00K 7.72M 16.51M
Income Tax - Deferred - Domestic
(2.74M) (10.10M) (7.12M) 615.00K
Income Tax - Deferred - Foreign
- - (24.45M) (9.48M)
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
59.07M (50.40M) 4.43M 137.24M
Minority Interest Expense
- - - -
-
Net Income
59.07M (50.40M) 4.43M 137.24M
Net Income Growth
+48.63% -185.32% +108.79% +2,996.57%
Net Margin Growth
+6.77% -5.91% +0.27% +8.71%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
59.07M (50.40M) 4.43M 137.24M
Preferred Dividends
- 15.71M 48.05M 51.69M
Net Income Available to Common
59.07M (66.12M) (43.62M) 85.55M
EPS (Basic)
0.4652 -0.5087 -0.2912 0.5668
EPS (Basic) Growth
+48.63% -209.35% +42.76% +294.64%
Basic Shares Outstanding
126.99M 129.98M 149.82M 150.94M
EPS (Diluted)
0.4652 -0.5087 -0.2912 0.5627
EPS (Diluted) Growth
+48.63% -209.35% +42.76% +293.23%
Diluted Shares Outstanding
126.99M 129.98M 149.82M 152.02M
EBITDA
151.07M 3.90M 84.02M 271.91M
EBITDA Growth
+32.43% -97.42% +2,053.78% +223.63%
EBITDA Margin
+17.31% +0.46% +5.13% +17.25%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 11.375
Number of Ratings 25 Current Quarters Estimate 0.188
FY Report Date 12 / 2024 Current Year's Estimate 0.619
Last Quarter’s Earnings 0.17 Median PE on CY Estimate N/A
Year Ago Earnings 1.13 Next Fiscal Year Estimate 0.81
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 20 18 23 25
Mean Estimate 0.19 0.08 0.62 0.81
High Estimates 0.28 0.22 0.69 1.23
Low Estimate 0.11 -0.05 0.57 0.28
Coefficient of Variance 24.54 83.38 4.82 27.77

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 13 15 15
OVERWEIGHT 1 1 1
HOLD 10 8 8
UNDERWEIGHT 0 0 0
SELL 1 1 1
MEAN Overweight Overweight Overweight

Insider Actions for Array Technologies Inc. - ARRY

Date Name Shares Transaction Value
Jun 12, 2024 Tyson K. Hottinger Chief Legal Officer 58,898 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $13.44 per share 791,589.12
Jun 12, 2024 Tyson K. Hottinger Chief Legal Officer 56,822 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $13.44 per share 763,687.68
May 17, 2024 Travis Rose Chief Revenue Officer 58,636 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $12.62 per share 739,986.32
Apr 23, 2024 Kevin George Hostetler Chief Executive Officer; Director 202,372 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $10.97 per share 2,220,020.84
Mar 15, 2024 Travis Rose Chief Revenue Officer 61,252 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $12.65 per share 774,837.80

Array Technologies Inc. in the News