SolarEdge Technologies, Inc. (NASDAQ:SEDG) Q4 2023 Earnings Call Transcript February 20, 2024 4:30 PM ET

Company Participants

JB Lowe - Head of IR

Zvi Lando - CEO

Ronen Faier - CFO

Conference Call Participants

Andrew Percoco - Morgan Stanley

Philip Shen - ROTH MKM

Brian Lee - Goldman Sachs

Kashy Harrison - Piper Sandler

Mark Strouse - JPMorgan

Colin Rusch - Oppenheimer

Christine Cho - Barclays

Cameron Lochridge - Bank of America

Corinne Blanchard - Deutsche Bank

Joseph Osha - Guggenheim Partners

Tristan Richardson - Scotiabank

Ameet Thakkar - BMO Capital Markets

Austin Moeller - Canaccord

Vikram Bagri - Citi

Operator

Hello and welcome to the SolarEdge conference call for the fourth quarter and year ended December 31, 2023. This call is being webcast live on the company's website at www.solaredge.com in the Investors section on the Events Calendar page. This call is the sole property and copyright of SolarEdge with all rights reserved and any recording, reproduction or transmission of this call without the express written consent of SolarEdge is prohibited. You may listen to a webcast replay of this call by visiting the Event Calendar page of the SolarEdge investor website.

I would now like to turn the call over to JB Lowe, Head of Investor Relations for SolarEdge. Please begin.

JB Lowe

Thank you and good afternoon. Thank you for joining us to discuss SolarEdge's operating results for the fourth quarter and full year ended December 31, 2023, as well as the company's outlook for the first quarter of 2024. With me today are Zvi Lando, Chief Executive Officer, and Ronen Faier, Chief Financial Officer. Zvi will begin with a brief review of the results for the fourth quarter and full year ended December 31st, 2023. Ronen will then review the financial results for the fourth quarter and full year, followed by the company's outlook for the first quarter of 2024. We will then open the call for questions.

Please note that 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 statements contained in our press release, the slides posted on our website ahead of this call today and our filings with the SEC for a more complete description of such risks and uncertainties. Please note this presentation describes certain non-GAAP measures including non-GAAP net income and non-GAAP net diluted earnings per share which are not measures prepared in accordance with US GAAP. The non-GAAP measures are presented in this presentation because we believe that they provide investors with a means of evaluating and understanding how the company's management evaluates the company's operating performance. Reconciliation of these measures can be found in our earnings release, presentation, and SEC filings. These non-GAAP measures should not be considered in isolation from, as substitutes for, or superior to, financial measures prepared in accordance with US GAAP. Listeners who do not have a copy of the quarter ended December 31, 2023 press release or the supplemental material may obtain a copy by visiting the Investor Relations section of the company's website.