NASDAQ$ARRY

Array Technologies Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

ARRY Q2 2024 — BRL 256K revenue

The results for the three and six months ended June 30, 2024, are not necessarily indicative of results to be expected for the year ending December 31, 2024, or any other interim periods, or any futur. Array Technologies Inc reported Q2 2024 results. Net income of BRL 65K. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: BRL 256K.
  • Net income: BRL 65K.
  • Operating income: BRL 40K.
  • Gross profit: BRL 86K.

Headline financials

Total Revenue

$256M

Previous: $508M-49.6%
EPS

$0.08

Previous: $0.47-83.0%
Capital Expenditures

-$4.53M

Previous: -$9.42M+52.0%
Free Cash Flow

$21.2M

Previous: $55.4M-61.8%
Net Income

$25.7M

Previous: $64.8M-60.3%
Operating Income

$39.6M

Previous: $96.2M-58.9%
Gross Profit

$86M

Previous: $150M-42.7%
Cash & Equivalents

$282M

Previous: $156M+81.0%
Total Assets

$1.65B

Previous: $1.85B-10.9%
Stock-Based Comp

$3.93M

Previous: $4.95M-20.6%

Revenue & EPS history

Array Technologies · Revenue · Quarterly

$256M

Q2 2024-49.6%vs Q2 2023
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-0.3%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+3.3%

Avg return

30 days after

63%

15 / 24 earnings

Positive

+29.5%

Q3 2021

Best reaction

-45.9%

Q1 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%+6.5%-1.2%
Q4 2025-33.9%-31.8%-33.4%
Q3 2025+2.0%+0.5%-5.4%
Q1 2025+3.9%+20.7%+50.1%
Q3 2024+1.7%+10.9%-5.4%
Q2 2024-18.0%-19.1%-26.3%
Q1 2024+2.0%+0.9%+7.4%
Q4 2023+5.2%+5.5%+11.3%
Q3 2023-16.6%-22.2%-11.8%
Q2 2023+25.0%+32.9%+33.9%
Q1 2023-0.1%+17.7%+22.2%
Q4 2022+13.9%+7.2%+21.7%
Q3 2022+20.9%+29.0%+32.0%
Q2 2022+26.2%+24.7%+14.1%
Q1 2022-12.2%-3.1%+84.4%
Q4 2021-7.5%-22.1%-23.2%
Q3 2021+29.5%+30.0%-15.8%
Q2 2021+14.0%+13.0%+16.1%
Q1 2020-45.9%-42.8%-34.4%
Q1 2021-45.9%-42.8%-34.4%
Q2 2020+0.1%+0.9%-14.9%
Q4 2020+0.7%+3.8%-9.2%
Q4 2019+4.1%+17.2%+5.3%
Q3 2020+24.7%+10.5%-5.1%
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015

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