ARRAY Technologies, Inc. Announces Second Quarter 2025 Earnings Release Date and Conference Call ALBUQUERQUE, N.M., July 17, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the “Company” or “ARRAY”) (Nasdaq: ARRY), a global leader in utility-scale solar tracking, today announced that the Company will release its second quarter 2025 results after the market closes on Thursday, August 7, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) that same day. The conference call can be accessed live over the phone by dialing (866)-682-6100 (domestic) or (862)-298-0702 (int...
Array Technologies Closes Upsized Offering of Its 2.875% Convertible Senior Notes $345 million raised; approximately $334 million of net proceeds$233 million of term loan outstanding balance to be repaid with proceeds$78 million of proceeds used to repurchase $100 million principal of 1.00% Convertible Senior Notes due 2028$35 million of proceeds used to acquire Capped Calls elevating conversion price to $12.74 per share ALBUQUERQUE, N.M., June 27, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “ARRAY”) today announced the closing of its previously ann...
Array Technologies Announces Pricing of Upsized Offering of Convertible Senior Notes ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “ARRAY”) today announced that it has priced an upsized offering of $300 million in aggregate principal amount of 2.875% convertible senior notes due 2031 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). ARRAY has also granted the initial...
Array Technologies Announces Proposed Private Offering of $250 Million of New Convertible Senior Notes ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “ARRAY”) today announced that, subject to market conditions, it intends to offer $250 million in aggregate principal amount of convertible senior notes due 2031 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). ARRAY also...
ARRAY Technologies to Acquire APA Solar Advancing ARRAY’s balance of systems strategy with leading engineered foundation solutions and fixed-tilt mounting systems Adds domestically manufactured engineered foundations and fixed-tilt solutions to product portfolio, expanding addressable market by nearly 40% Enables integrated tracker + foundation system to address challenging soil conditions, which does not require specialized equipment to install Expands U.S. manufacturing capabilities with new Ohio manufacturing facility Transaction enterprise value of approximately $179 million repres...
ARRAY Unveils Hail XP: An Industry-Leading Tracker for Extreme Weather Protection With 77-degree stow, AC-powered control, and integration with ARRAY’s Hail Alert Response system, Hail XP sets a new standard in tracker resilience ALBUQUERQUE, N.M., May 15, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology products, software and services, today unveiled DuraTrack Hail XP™, the Company’s most advanced tracker designed to withstand extreme hail and wind events. Hail XP builds on ARRAY’s proven Dur...
ARRAY Technologies, Inc. Reports Financial Results for the First Quarter 2025 Strong operational execution drives first-quarter results above revenue and earnings guidance 2025 First Quarter Highlights Revenue of $302.4 millionGross Margin of 25.3%Adjusted gross margin(1) of 26.5%Net income to common shareholders of $2.3 millionAdjusted EBITDA(1) of $40.6 millionNet income per basic and diluted share of $0.02Adjusted net income per diluted share(1) of $0.13Total executed contracts and awarded orders at March 31, 2025 were $2.0 billionSuccessfully amended and extended our Revolving Credit...
ARRAY Technologies Enhances ARRAY STI H250™ Tracker with SmarTrack® Backtracking and Diffuse Capabilities New smart software helps boost energy yield on uneven and sloped terrain with backtracking and diffuse features ALBUQUERQUE, N.M., May 05, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology products, software and services, today announced the expansion of its software to include backtracking and diffuse optimization capabilities for its dual-row tracker. This advancement brings algorithm tra...
ARRAY Technologies Names Brian Pitel General Manager, Latin America Pitel brings 25 years of experience in technology and renewable energy, leveraging his in-depth understanding of the Brazilian market to manage business relationships with a lean, innovative, customer-focused mindset ALBUQUERQUE, N.M., April 28, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named Brian Pitel as its general manager, Latin America. He will be based in São Paulo, Brazi...
ARRAY Technologies, Inc. Announces First Quarter 2025 Earnings Release Date and Conference Call ALBUQUERQUE, N.M., April 15, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the “Company” or “ARRAY”) (Nasdaq: ARRY), a global leader in utility-scale solar tracking, today announced that the Company will release its first quarter 2025 results before the market opens on Tuesday, May 6, 2025, to be followed by a conference call at 8:00 a.m. (Eastern Time) that same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (internatio...
ARRAY Technologies Appoints Nick Strevel as Senior Vice President of Product Management and Technical Sales Veteran solar executive to lead global product strategy and build ARRAY’s new technical sales function, enhancing innovation and customer engagement ALBUQUERQUE, N.M., April 14, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, announced the appointment of Nick Strevel as senior vice president of product management and technical sales, effective today....
ARRAY Technologies, Inc. to Participate in the 37th Annual ROTH Conference ALBUQUERQUE, N.M., March 14, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in utility-scale solar tracking, today announced that the Company will participate in the 37th Annual ROTH Conference in Dana Point, CA on March 17, 2025. President and Chief Operating Officer, Neil Manning and Chief Financial Officer, H. Keith Jennings, will be available for one-on-one meetings on Monday, March 17, 2025. If you would like to schedule a meeting with management, please...
ARRAY Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2024 Exceeds the mid-point of fourth quarter revenue guidance, achieves record gross margin on the full year, and delivers strong cash flow generation Fourth Quarter 2024 Financial Highlights Revenue of $275.2 millionGross Margin of 28.5%Adjusted gross margin(1) of 29.8%Net loss to common shareholders of $(141.2) million Net loss to common shareholders inclusive of $74.0 million non-cash goodwill impairment charge and $91.9 million non-cash long-lived intangible asset write-down associated with the 20...
ARRAY Technologies, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call ALBUQUERQUE, N.M., Feb. 06, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the “Company” or “ARRAY”) (Nasdaq: ARRY) today announced that the company will release its fourth quarter and full year 2024 results after the market close on Thursday, February 27, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telep...
ARRAY Technologies Names Gina Gunning as Chief Legal Officer Gunning joins ARRAY with more than 25 years of legal and compliance experience ALBUQUERQUE, N.M., Jan. 27, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced the appointment of Gina Gunning as its new chief legal officer and corporate secretary, effective immediately. Gunning will report directly to ARRAY’s chief executive officer, Kevin G. Hostetler, and will relocate to Chandler, A...
ARRAY Technologies Names Darin Green as Chief Revenue Officer for North America Green brings extensive global experience in renewables, strategy, and cross-functional revenue leadership ALBUQUERQUE, N.M., Jan. 06, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named Darin Green as its chief revenue officer for North America, effective today, January 6. Green will report directly to ARRAY’s chief executive officer, Kevin G. Hostetler. Over a career ...
ARRAY Technologies and RP Surpass 6GW of Solar Power Deployed ARRAY and RP’s long-time partnership surpasses 6GW of solar power ALBUQUERQUE, N.M., Dec. 04, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in solar tracker solutions, announced today that it has deployed more than 6GW of solar projects in North America through its partnership with RP Construction Services (RP), a leading value-added distributor of solar construction materials. The ARRAY and RP teams have worked together since 2009 to serve leading solar developers and...
ARRAY Technologies Names H. Keith Jennings as Chief Financial Officer Jennings brings over 30 years global experience in financial strategy, capital markets, and corporate transformation ALBUQUERQUE, N.M., Dec. 03, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named H. Keith Jennings as its chief financial officer, effective January 6, 2025. Jennings will report directly to ARRAY’s Chief Executive Officer, Kevin G. Hostetler. With a career spanni...
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