3/9/2021

speaker
Operator
Conference Call Operator

Good evening, and welcome to Array Technologies' fourth quarter and full year 2020 earnings conference call. Today's call is being recorded, and we have allocated one hour for prepared remarks and Q&A. At this time, I'd like to turn the call over to Cody Mueller, Investor Relations of Array Technologies. Thank you. You may begin.

speaker
Cody Mueller
Investor Relations, Array Technologies

Good evening, and thank you for joining us on today's conference call to discuss Array Technologies' fourth quarter and full year 2020 results. During this conference call, management will make forward-looking statements, based on current expectations and assumptions, which are subject to risks and uncertainties. Actual results could differ materially from our forward-looking statements if any of our key assumptions are incorrect because of other factors discussed in today's earnings press release and the comments made during this conference call or in our latest reports and filings with the Securities and Exchange Commission, each of which can be found on our website, arraytechinc.com. We do not undertake any duty to update any forward-looking statements. Today's presentation also includes references to non-GAAP financial measures. You should refer to the information contained in the company's fourth quarter press release for definitional information and reconciliations of historical non-GAAP measures to the comparable GAAP financial measures. With that, let me turn the call over to Jim Fusaro, Array Technologies CEO.

speaker
Jim Fusaro
CEO, Array Technologies

Thanks, Cody, and good evening, everyone. Thank you for joining our earnings call. In addition to Cody, I'm joined today by Nipal Patel, our Chief Financial Officer, and Jeff Krantz, our Chief Commercial Officer. I'm pleased to report that we generated revenues of 181 million in the fourth quarter and 873 million for the full year 2020, exceeding the high end of our full year guidance that we previously provided. Full year 2020 revenues increased 35% versus last year, reflecting continued strong growth in the US solar market, increasing penetration of trackers versus fixed tilt, and continued market share gains by our products.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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