Q1 2025 Nextracker Inc Earnings Call Transcript
Key Points
- NEXTracker Inc (NXT) reported a 50% year-on-year growth in revenue and record adjusted EBITDA for Q1 FY2025.
- The company has achieved its sixth consecutive quarter of year-over-year double-digit revenue growth.
- NEXTracker Inc (NXT) has a robust backlog exceeding $4 billion, providing strong visibility for future revenue.
- The company has launched new product solutions, including the AgriPV solution and NX Low Carbon Tracker.
- NEXTracker Inc (NXT) is taking orders for solar tracker solutions with 100% U.S. domestic content capability, expected to ship in early 2025.
- The company faces higher supply chain costs, including increased logistics and steel prices.
- There are concerns about potential delays in project timelines due to construction permits and interconnection issues.
- The international market mix, which has a lower margin profile compared to the U.S., is expected to increase in the latter half of the year.
- The company has noted a shift in project life cycles, with longer timelines for project completion.
- There is some uncertainty regarding the impact of the Southeast Asia AD/CVD tariffs on project schedules.
Good afternoon, everyone, and thank you for standing by. My name is Zala, and I'll be your conference operator today. Today's call is being recorded. I would like to welcome everyone to the Nextracker First Quarter Fiscal Year 2025 Earnings Call. (Operator Instructions)
At this time, for opening remarks, I would like to pass the call over to Ms. Mary Lai, Vice President of Investor Relations. Mary, you may begin.
Thank you, and good afternoon, everyone. Welcome to Nextracker's first-quarter fiscal year 2025 earnings call. I'm Mary Lai, Vice President of Investor Relations. I'm joined by Dan Shugar, our CEO and Founder; Howard Wenger, our President; and Chuck Boynton, our CFO. we're excited to have launched a new shareholder letter format along with our press release.
On today's call, we will open a brief -- with a brief message from Dan and then immediately transition into a Q&A session. As a reminder, there will be a replay of this call posted on the IR website along with the press release and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
