Array Technologies, Inc. (NASDAQ:ARRY) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET

Company Participants

Cody Mueller - Vice President of Finance & Investor Relations

Kevin Hostetler - Chief Executive Officer

Nipul Patel - Chief Financial Officer

Conference Call Participants

Brian Lee - Goldman Sachs

Philip Shen - ROTH Capital

Colin Rusch - Oppenheimer & Co.

Maheep Mandloi - Credit Suisse

Donovan Schafer - Northland Capital Markets

Joseph Osha - Guggenheim

Kashy Harrison - Piper Sandler

William Grippin - UBS

Operator

Hello, and welcome to the Array Technologies Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.

It is now my pleasure to turn the call over to Cody Mueller, Investor Relations, Array. Please go ahead.

Cody Mueller

Good evening. And thank you for joining us on today's conference call to discuss Array Technologies second quarter 2022 results. Slides for today's presentation are available on the Investor Relations section of our website, arraytechinc.com.

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. We identify the principal risks and uncertainties that may affect our performance in our reports and filings with the Securities and Exchange Commission, which can also be found on our Investor Relations website. 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 second 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 Kevin Hostetler, Array Technologies' CEO.

Kevin Hostetler

Thanks, Cody, and good evening, everyone. Thank you for joining us on today's call. In addition to Cody, I'm also joined by Nipul Patel, our Chief Financial Officer.

Let's begin with slide 4, where I'll provide some highlights of our second quarter. This was a strong quarter for Array. We delivered on our revenue, adjusted EBITDA and adjusted EPS expectations, while having a strong quarter of bookings despite the impacts of the AD/CVD investigation, and we tightly managed working capital to ensure that we did not require additional financing or covenant relief.