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Array Technologies, Inc (ARRY) Q1 2021 Earnings Call Transcript

Array Technologies, Inc (ARRY) Q1 2021 Earnings Call Transcript
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Array Technologies, Inc (NASDAQ: ARRY)
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Operator
Good evening, and welcome to Array Technologies First Quarter 2021 Earnings Conference Call. Today s call is being recorded and we have allocated one hour for prepared remarks and Q&A. At this time, I d like to turn the conference over to Cody Mueller, Investor Relations for Array Technologies. Thank you. You may begin.SPONSORED:
10 stocks we like better than Array Technologies
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, ....

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Why Array Technologies Stock Plummeted Today

Rising steel and freight costs hurt first-quarter results. ....

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Array: Tax credit changes, business costs drove Q1 revenue dive

ALBUQUERQUE, N.M. — Leaders of the Albuquerque-based company told investors Tuesday the steep drop-off is not an indicator of its trajectory. ....

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ARRY Stock: Why Solar Play Array Technologies Is Plunging 30% Today

ARRY stock is getting slammed after management disappointed investors with Q1 results and its failure to confirm full-year guidance. ....

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Array Technologies' revenue up 35% in 2020 » Albuquerque Journal

Albuquerque-based Array Technologies Inc. expects its annual revenue to blow past $1 billion in 2021.
If accurate, that would represent a monumental achievement for the homegrown New Mexico manufacturing firm, which makes solar tracking systems for photovoltaic panels.
The company, which went public in October on the Nasdaq Global Market, reported $872.7 million in revenue for 2020, reflecting a 35% jump over the $647.9 million it reported in 2019. Its net income grew by 49% to $59.1 million last year, up from $39.7 million in 2019.
Now, the company is projecting another 30% jump in revenue for 2021, potentially climbing to $1.13 billion. It already has $654 million in backlogged orders scheduled for delivery this year, said Array Chief Financial Officer Nipul Patel in a year-end earnings conference call Tuesday. ....

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