First Solar
Q1 2023 Earnings Call
Apr 27, 2023, 4:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon, everyone, and welcome to First Solar's first-quarter 2023 earnings call. This call is being webcast live on the Investors section of First Solar's website at investor.firstsolar.com. [Operator instructions] As a reminder, today's call is being recorded. I would now like to hand the call over to Mr.
Richard Romero from First Solar investor relations. Mr. Romero, you may begin.
Richard Romero -- Vice President, Investor Relations and Treasurer
Thank you. Good afternoon, everyone, and thank you for joining us. Today, the company issued a press release announcing its first-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 begin by providing a business and strategy update Alex will then discuss our financial results for the quarter. Following their remarks, we will open the call for questions. Please note this call will include forward-looking statements that involve risks and uncertainties and including risks and uncertainties related to the Inflation Reduction Act of 2022 that could cause actual results to differ materially from management's current expectations.
We encourage you to review the safe harbor statements 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?
Mark Widmar -- Chief Executive Officer
Thank you, Richard. Good afternoon, and thank you for joining us today. As we noted on our last earnings call, we entered 2023 and it's initially stronger commercial and operational, and financial position than the previous year, setting the stage for growth and improved profitability in 2023 and beyond. The first quarter of the year reflects this direction as we commission our latest factory in the United States.
It started production of our next-generation Series 7 modules. Secured a manufacturing incentive award in India, progressed our technology roadmap with a new cell efficiency record, and continued our strong bookings and ASP momentum. It's important to emphasize that our point of differentiation from our unique CadTel technology and vertically integrated manufacturing process to our commitment to responsible solar, continue to set First Solar apart from the competition and are the primary enablers of our long-term competitiveness. Beginning on Slide 3, I will share some key highlights from the first quarter.