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Mar 31, 2021
Array Technologies Q1 2021 Earnings Report
Reported financial results for the first quarter of 2021.
Key Takeaways
Array Technologies reported a decrease in revenue to $245.9 million and a net income of $2.9 million for Q1 2021. The results were impacted by lower shipment volumes and increased steel and shipping costs.
Revenue for the first quarter of 2021 was $245.9 million.
Net income for the first quarter of 2021 was $2.9 million.
Basic and diluted earnings per share were $0.02.
Total executed contracts and awarded orders at March 31, 2021 was $777.1 million.
Forward Guidance
The company withdrew its full year 2021 guidance due to the continuing increases in steel and freight costs and is currently reviewing open contracts to assess costs passed onto customers.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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