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Jun 30, 2023
NEXTracker Q1 2024 Earnings Report
Reported Q1 2024 revenues up 19% year-over-year with a new record backlog.
Key Takeaways
Nextracker announced strong Q1 2024 financial results, with revenues of $479.5 million, a 19% increase year-over-year. The company also reported a new record backlog of over $3 billion and increased its FY24 guidance.
Q1 2024 revenues reached $479.5 million, up 19% year-over-year.
A new record backlog of over $3 billion was achieved.
Profitability exceeded pre-pandemic levels.
FY24 guidance was increased.
Forward Guidance
Nextracker increased its FY24 guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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