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Dec 31, 2023

NEXTracker Q3 2024 Earnings Report

Nextracker achieved record revenue, profit, and backlog, reflecting strong execution and the ability to meet customer requirements.

Key Takeaways

Nextracker reported a record third quarter, outperforming across revenue, profit, and backlog. The company raised its annual guidance.

Nextracker achieved a record third quarter.

The company outperformed across revenue, profit and backlog.

Strong execution and capability to meet customer requirements were demonstrated.

Annual guidance was raised again.

Total Revenue
$710M
Previous year: $513M
+38.4%
EPS
$0.96
Previous year: $0.928
+3.4%
Gross Profit
$210M
Previous year: $82.3M
+155.0%
Cash and Equivalents
$368M
Free Cash Flow
$62.4M
Total Assets
$2.1B

NEXTracker

NEXTracker

Forward Guidance

The company raised its annual guidance.