Call End:

First Solar, Inc. (NASDAQ:FSLR)

Q3 2023 Earnings Conference Call

Oct 31, 2023, 04:30 PM ET

Company Participants

Richard Romero - Investor Relations

Mark Widmar - Chief Executive Officer

Alexander Bradley - Chief Financial Officer

Conference Call Participants

Philip Shen - Roth MKM

Alexander Vrabel - Bank of America

Joseph Osha - Guggenheim

Vikram Bagri - Citi

Colin Rusch - Oppenheimer & Co. Inc.

Ben Kallo - Robert W. Baird

Andrew Percoco - Morgan Stanley

Operator

Hello. Good afternoon, everyone, and welcome to First Solar's Third Quarter 2023 Earnings Call. This call is being webcast live on the Investors section of First Solar's website at investor.firstsolar.com. At this time, all participants are in a listen-only mode. As a reminder, today's call is being recorded.

I would now like to turn the call over to Richard Romero from First Solar Investor Relations. Richard, you may begin.

Richard Romero

Good afternoon, and thank you for joining us. Today, the Company issued a press release announcing its second quarter 2023 financial results. A copy of the press release and associated presentation are available on First Solar's website at investor.firstsolar.com.

With me today are Mark Widmar, Chief Executive Officer, and Alex Bradley, Chief Financial Officer. Mark will provide a business update. Alex will discuss our financial results and provide updated guidance. Following their remarks, we will open the call for questions.

Please note, this call will include forward-looking statements that involve risks, and uncertainties that could cause actual results to differ materially from management's current expectations. We encourage you to review the safe harbor statement contained in today's press release and presentation for a more complete description.

It is now my pleasure to introduce Mark Widmar, Chief Executive Officer.

Mark Widmar

Thank you, Richard. Good afternoon, and thank you for joining us today. On our recent analyst day in September, we outlined our goal to exit this decade in a stronger position than we ever did. We believe the future belongs to thin film, and we described our long-term intent to be positioned to serve all addressable markets and commercialize the next generation of PV technology, balancing and optimizing across efficiency, energy and cost in an environmentally and socially responsible way.

This long-term aspiration aligns with our nearer-term growth, which is underpinned by our points of differentiation and solid market fundamentals, including continued strong demand for our products, proven manufacturing excellence, a uniquely advantaged technology platform, and crucially, a balanced business model focused on delivering value to our customers and our shareholders. This is our last earnest call. We have continued to make steady progress on this journey, and I will share some key highlights related to continued strong demand and ASPs, manufacturing operational excellence, and expansion.