Array technologies, inc. reports financial results for the fourth quarter and full year 2023; full year 2023 net income of $86 million; record full year adjusted ebitda of $288 million

Fourth quarter 2023 financial highlights revenue of $341.6 million net income to common stockholders of $6.0 million adjusted ebitda(1) of $48.2 million basic and diluted net income per share of $0.04 adjusted diluted net income per share(1) of $0.21 $49.9 million of 45x benefit earned for 2023 torque tube deliveries; $9.3 million recognized during 2023 in the statement of operations full year 2023 financial highlights revenue(2) of $1,576.6 million net income to common stockholders of $85.5 million adjusted ebitda(1) of $288.1 million basic and diluted net income per share of $0.57 and $0.56 adjusted diluted net income per share(1) of $1.13 cash flow from operating activities of $232.0 million free cash flow(3) of $215.0 million executed contracts and awarded orders at december 31, 2023 totaling $1.8 billion albuquerque, n.m., feb. 27, 2024 (globe newswire) -- array technologies (nasdaq: arry) (“array” or “the company”), a leading provider of tracker solutions, software and services for utility-scale solar energy projects, today announced financial results for its fourth quarter and full year ended december 31, 2023.
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