Array Technologies, Inc. announced a strong start to 2025, reporting high double-digit revenue growth for the first quarter compared to the same period in 2024. The company achieved its second-largest quarter of volume shipped since 2023, indicating solid market share recovery and robust execution capabilities.
The company reported first-quarter revenue of $302.4 million, marking a 97% increase year-over-year. Array also confirmed its ability to provide customers with quotes for 100% domestic content trackers under Table I of the Inflation Reduction Act, an important milestone for supply chain resilience and mitigating geopolitical uncertainties.
Array maintained its full-year 2025 guidance, projecting revenue between $1.05 billion and $1.15 billion, an adjusted gross margin of 28% to 29%, Adjusted EBITDA between $160 million and $175 million, and Adjusted diluted EPS between $0.60 and $0.70. The company noted a strong orderbook with 18% sequential growth in contracting, particularly gaining traction with Independent Power Producers across Europe, the Middle East, and Asia.
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