What is the revenue of the array company?

What is the Revenue of the Array Company?

The Array company, officially known as ARRAY Technologies, Inc., anticipates its revenue for the year ending December 31, 2024, to be in the range of $900 million to $920 million.

This revenue forecast represents the company's expected financial performance for the upcoming fiscal year. ARRAY Technologies, Inc. is a prominent player in the renewable energy sector, specializing in solar tracking solutions that enhance the efficiency and energy output of solar power projects.

ARRAY Technologies, Inc. Financial Outlook for 2024

For the fiscal year concluding on December 31, 2024, ARRAY Technologies, Inc. has provided specific financial expectations that illustrate its projected growth and profitability. These projections are critical indicators for understanding the company's anticipated market position and operational success.

• Expected Revenue: The company projects its total revenue to range from $900 million to $920 million. This forecast reflects anticipated sales from its innovative solar tracking systems and related services, driven by the expanding global demand for renewable energy infrastructure.
• Expected Adjusted EBITDA: Beyond revenue, ARRAY Technologies also expects its Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) to be in the range of $170 million to $180 million. Adjusted EBITDA is a key financial metric that offers insights into a company's operational profitability by excluding non-operating expenses.

These forward-looking statements highlight the company's strategic planning and confidence in its business model within the dynamic renewable energy market.

Key Financial Projections (Year Ending December 31, 2024)

These figures provide a comprehensive overview of the expected financial health and operational strength of ARRAY Technologies, Inc. as it continues to contribute to the global energy transition.