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Mar 31, 2023
NEXTracker Q4 2023 Earnings Report
Reported a strong quarter, marking its first as a public company, with significant revenue and earnings growth.
Key Takeaways
Nextracker reported strong Q4 and FY2023 results, with Q4 revenue of $518.4 million and a record backlog of $2.6 billion. The company's performance reflects its leadership position in solar markets, a global supply chain, and solid execution.
Q4 revenue reached $518.4 million.
GAAP net income for Q4 was $27.5 million.
Backlog grew to a record $2.6 billion, a 90% year-on-year increase.
The company is optimistic about future solar adoption trends.
NEXTracker
NEXTracker
Forward Guidance
Nextracker provided its Fiscal Year 2024 outlook, including revenue between $2.1 billion and $2.3 billion, GAAP net income between $175 million and $205 million, GAAP EPS between $1.20 and $1.40, Adjusted EBITDA between $265 million and $305 million, and Adjusted Non-GAAP EPS between $1.35 and $1.55.
Positive Outlook
- Revenue: $2.1 billion to $2.3 billion
- GAAP Net Income: $175 million to $205 million
- GAAP EPS: $1.20 to $1.40
- Adjusted EBITDA: $265 million to $305 million
- Adjusted Non-GAAP EPS: $1.35 to $1.55