First Solar
Q4 2022 Earnings Call
Feb 28, 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 fourth quarter and full year 2022 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 turn the call over to Richard Romero from First Solar investor relations.
Richard, you may begin.
Richard Romero -- Investor Relations
Thank you. Good afternoon, everyone, and thank you for joining us. Today, the company issued a press release announcing its fourth quarter and full year 2022 financial results as well as its guidance for 2023. 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 update, Alex will then discuss our financial results for the fourth quarter and full year 2022. Following these remarks, Mark will provide a business and strategy outlook. Alex will then discuss our financial guidance for 2023.
Following their remarks, we will open the call for questions. Please note, this call will include forward-looking statements that involve risks and uncertainties, 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. We began 2022 with the expectation that it would be challenging from an earnings perspective as we face unprecedented logistics and commodity costs. But we also expected it to be a year of transition, setting the stage for growth and profitability into 2023 and beyond.
We entered this year in a significantly stronger commercial, operational, and financial position with increased R&D investment, new domestic and international capacity coming online, and a new Series 7 product. We also began the year with a record contracted backlog, a significant pipeline of bookings opportunity, and a robust demand in our core markets. This momentum is driving our points -- driven by our points of differentiation, including a unique CadTel technology, vertically integrated manufacturing process, domestic production, strong balance sheet, and commitment to responsible solar, placing us in a position to respond to emerging opportunities, particularly those enabled by the rapidly evolving policy environment. This momentum is also due to the hard work, commitment, and passionate of our associates.