Good search. guidance, CFO for provide our our a Sarah. and then financial Operating on will for we'll cover bit some quarters. provide financial progress industry your return full line the will up operating on with year and I'll be Neil start everyone. highlights, from brief quarter. the Chief the open second and questions. quarter the the update you, Thank prior Today's different I'll and highlights highlights key President off afternoon, and Manning, format a some Officer, Then
industry into seeing X, the the and in which included with near-term achieved second the came summary I'll end benefits last continued of incremental our the and XX%, the market. We and Starting market are gross in that We demand XX, we quarter, our earnings second execution latest factored XXXX, margin Slide call.
Adjusted guidance. revenue, discuss high slightly the were performance along then through our begin of quarter our environment June million above provided at $XXX a on pleased of with previously in dynamics. we're range on with XXx not
the these gross range XXX year.
Compared Excluding gross year, a for our guidance was provided previously to within adjusted our margin full XXs performance the the margin improvement. low result basis incremental prior benefits, adjusted point reflected
benefits remainder we of will the still there we both reporting move XXx is and of maximization done of continue credits. the work inclusive the more fastener through gross around derived year, As HERX those and margins from structural being
the split we parts, benefits obtain pursuing We initiatives to the that conjunction with internally. do eligibility in are manufacture not actively clarity of parts negotiating further might with suppliers multiple XXx the under regarding of qualify additional XXx for
through takeout gross on we However, margins as focused core initiatives strong also always, design pricing, continued achieving effective cost innovations. and remain disciplined
quarter out of to is were qualified Finally, able representing we individuals update, strengthen $XXX revenue, of of strength by incredibly of we talented finance, quarter effectively million encouraged weakness with in additional this of accounting the per control hiring of the to the the weakness.
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With for with flow to perform generated of realignment end cash adjusted and the balance thrilled lack additional material accounting a to our activities to cash EBITDA, forward. related our our close remediation functions $X.X
commitment last to truly to we FTI control investments are the to within systems. couldn't in processes material in be system people, to and of on well This operational implementation the proud our focused is remediate excellence, the activity business. we've with our made Brazil more related Additionally, ERP remaining May, track of and I weakness an a in testament
I industry next Moving Energy years. from X. outlook to reinforce the the to for U.S. year. Commission, we're momentum Regulatory XX% solar and April additions kick the data Slide few represented briefly through bright According to long-term to want the over of the within electric seeing capacity off the Federal solar positive
to continues next Looking by years. and center coming large AI optimistic over the to and the demand we're be amount, additions FERC new dominate solar in by data incremental growth X years, to the a expect likely about capacity spurred
and the interest of Our coming solar high the energy the products tailwinds portfolio in cost years. growing customers' to in needs supporting pipeline probability by of our utility options encouraged lowest remains and our we're scale one services robust, and satisfy as
that, Speaking inflation before recently of growth. the you testified have and may Congress seen solar tailwinds, positive impact acts American reduction on I on manufacturing job
the tax helping increase onshore Specifically paying through are production for Array, us critical groundbreaking manufacturing facility. new credits our good of XXx the Albuquerque jobs our components and domestic and
are has that encouraged We bipartisan also legislation impacts. sweeping the
So to triple we're is from by nearly far, the XXXX, America. incredibly about helping excited the are Array's the develop impacting renewable for energy in expected facilitate districts. IRA controlled U.S. future the current XX% over Overall, and a IRA sustainable of role benefits capacity in Republican solar
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achieved to updates, strong impacts. new book changes second have from our dynamics. the commodity to on bookings total XXXX We We adjustments scope market price the $XXX within other some latest million of and Moving funded did quarter. order FX
less cancellations, cancellations domestic than project X% had cancellations. project of were although project There total, only no in representing book international However, our X were order and we've minimal. small
the rate. evidenced pleased of we're our orders achieving as overall rate with new We project continued as our momentum as well by are win
to new very optimistic see OmniTrack our grow, opportunities for product terrain are continue We pleased for following bookings we are to forward. for increased and moving trackers also
the that However, short-term our long-term despite still struggling continuing momentum resulting with to of cause project utility are in challenges is solar, seeing with we're customers' industry scale for timing, a positive the reduction all near-term XXXX guidance. issues our
and to dynamic As discussed start before, lines elongated we dates. of a we've awards project project continue between time expected see
our a due in previous of factors variety sharp quarter.
A second and also near-term outlined end There a standard customers' which witnessed our during are recurring time pushouts volatility newer of we've at of reporting still our check-ins domestic presenting to beginning I'll are the we timing However, the headwinds customers, a with project in outline. anticipating also uptick challenges, quarters. projects few number
first petitions. The CVD new recent we AD dynamic witnessed related to is the
mentioned lot call, still and a was earnings remains uncertainty situation the we our last potential there around As of tariffs on fluid.
Within the a who customers projects or change last delaying a are change. thereby we've panel couple consideration in to planning selection, some opted project of months, had selection panel on potential of preemptively delays in
these costs relevant can specific on uncertainty impact of make determined, of from delays the tariffs. and lot better tariffs of customers the decisions panel magnitude a to the projects for is the Once around the move Fortunately, stem understand potential consequences forward.
accommodate clients selection solutions well positioned require planting before, flexible, mentioned torque. the design patented feel pre-drilling our and and late very are we to for we've As changes module of don't our
harbor new Another been has safe the to content domestic dynamic related elected table.
As I industry. certainly a our customers the clarity previously and this mentioned, new is for positive overall
not yet embedded and the is guidance vital. being still However,
As a domestic they content. pushouts are who such, certain now customers high the remain of and are time evaluating by meet book and spot considering delaying pursuing specifying customer's domestic domestic the committed ensure achieve prospective the of nearly necessary amount is these One domestic taking bright to domestic use navigate that qualify content to content some the reconsidering, our given XX% level customers' ease not or and to of the table.
We to projects either order content, needs, of is of table our provided providing were light additional for new in this previously credit.
We a domestic probability within of high content interest also lot pipeline. have in our
also months, last of In real Purchase in these feel in or these market Finally, signaling PPAs. Brazilian of pricing been Power conjunction dynamics, position the solar pricing our still attractive.
The have a on they energy cases to are devaluation in the projects of performance become rapid less outside Agreements, existing PPAs, some economic Brazilian market. projects Brazil. the these We for the in about unexpected of developers region. the the the renegotiate and optimal products delays our strongly very been with the U.S., there as has pressures has Due in of for Brazilian couple there macroeconomic delay the many now of
short-term normalized be we to a more base. project this see before return need will However, to challenge a resolved
the term and increasing can of rigor we on While our many that we the at managing purview. its near our customers, of disappointed are recognize on with in outside our customer guidance, within industry impact operational our control.
We there we are being XXXX focused remain factors engaging level and everything our push-outs reported
and scheduled the to for delivery look now XX% expect quarters. deliveries be we clear, year-end about orders between XXXX of XXXX. to our we several book is order for still And As very a be to more for currently future, significant receiving portion,
the XXXX for future and success We and in the near-term navigate set ability. to up ourselves best of will our continue to to support challenges beyond growth
Now Neil over updates. product to I'll the to speak and some exciting business turn call about
