What does STI operations — foreign currency translation mean?

This reflects the gains or losses arising from the conversion of financial statements of foreign subsidiaries within the STI Operations segment into the reporting currency. It highlights the segment's exposure to international market volatility and fluctuations in exchange rates. Significant variations can impact the reported profitability of global operations independent of operational performance.

Array Technologies, Inc. (ARRY) STI Operations — Foreign currency translation

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Other segment segments

Array U.S. Operations

$0—

Similar metrics at other companies

KBRSTS — Foreign currency translation

$750K+400%

AMCXDomestic Operations — Foreign currency translation

$0—

COHRIndustrial — Foreign currency translation

-$59.86M—

SUNBSpecialty — Foreign currency translation

$1M+500%

THOOther — Foreign currency translation

$0—

ABMAviation — Foreign currency translation

$25K-75.0%

Other financials

Income statement

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Revenue$342.1M-5.6%

Gross profit$99.6M+2.6%

Operating income$34.8M-25.0%

Net income$24.3M-43.7%

EPS (diluted)$0.05-73.7%

Balance sheet

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Cash & equivalents$307.3M-18.9%

Total debt$752.9M+8.5%

Total equity-$202.1M-185%

Total assets$1.5B-0.5%

Cash flow

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Operating cash flow$121.3M+177%

CapEx$7.6M+15.1%

Free cash flow$113.6M+205%

Valuation

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Market cap$808.54M+2.1%

Enterprise value$1.25B+12.9%

P/S0.7×0.0×

Profitability

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Gross margin24.3%-3.9pp

Operating margin-5.1%-2.1pp

Net margin-7.2%-2.7pp

FCF margin11.4%+1.0pp

Returns & leverage

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Return on equity-64.1%—

Debt / equity10.5×+7.4×

Current ratio2.2×0.0×

Where this comes from

Reported directly by Array Technologies, Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillForeignCurrencyTranslationGainLoss.

The source filing: Array Technologies, Inc.’s 10-Q, filed May 6, 2025.

Filed: May 6, 2025
Fiscal quarter: Q1 FY2025
Calendar quarter: Q1 2025
Accession: 0001820721-25-000060

Line item	Array Legacy Operations	STI Operations	Total
Beginning balance	$69,727	$90,462	$160,189
Foreign currency translation	—	4,032	4,032
Ending balance (1)	$69,727	$94,494	$164,221

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Array Technologies, Inc.'s STI operations — foreign currency translation?: Array Technologies, Inc. (ARRY) reported STI operations — foreign currency translation of $4.03M in Q1 2025.
What does STI operations — foreign currency translation mean?: This reflects the gains or losses arising from the conversion of financial statements of foreign subsidiaries within the STI Operations segment into the reporting currency. It highlights the segment's exposure to international market volatility and fluctuations in exchange rates. Significant variations can impact the reported profitability of global operations independent of operational performance.