Fourth Quarter 2024 Outlook
The Company is providing an outlook for the fourth quarter given the near-term uncertainty in the utility scale solar market, which has resulted in shifting order patterns. Based on current business conditions, business trends and other factors, for the quarter ending December 31, 2024, the Company expects:
- Revenue to be in the range of $97 to $107 million
- Adjusted EBITDA to be in the range of $23 to $28 million
Full Year 2024 Outlook
Based on current business conditions, business trends and other factors, for the full year 2024, the Company expects:
- Revenue to be in the range of $390 to $400 million
- Adjusted EBITDA* to be in the range of $96 to $101 million
- Adjusted net income* to be in the range of $58 to $62 million
- Cash Flow from operations to be in the range of $70 to $80 million
- Capital expenditures to be in the range of $8 to $12 million
- Interest expense to be in the range of $12 to $16 million
