Nextracker (US:NXT)2025-06-28 12:21Financial Performance - YTD FY25 revenue increased by 15% YoY to approximately $2.0 billion[4, 7] - Adjusted EBITDA was up 48% YTD, reaching $534 million[4, 8, 11] - Adjusted free cash flow reached $395 million YTD[4, 8] - Q3 adjusted EBITDA expanded to $186 million, an 11% increase compared to last year, representing an adjusted EBITDA margin of 27%[8, 49] - Q3 adjusted gross margins expanded by approximately 6 percentage points from the prior year to 36%[56, 61] - The company closed the quarter with $694 million in total cash[4, 64] Backlog and Bookings - Total backlog increased QoQ to significantly over $4.5 billion[4, 11, 20, 30] - Record new U.S. bookings were achieved in Q3[31] - Record Rest of World bookings were also achieved in Q3, representing more than 25% of total bookings[33] Outlook - The company reaffirmed FY25 revenue outlook to be in the range of $2.8 billion to $2.9 billion[18, 25] - Adjusted EBITDA is expected to be in the range of $700 million to $740 million[18, 25] - Adjusted diluted EPS is expected to be in the range of $3.75 to $3.95 per share[18, 25] - Approximately 87% of the backlog is expected to be recognized over the next 8 quarters[30]