First Solar Q1 net income $0.40/diluted share; net sales $548M; YTD bookings 12.1 GW

FIRST SOLAR, INC.

2023-Q1 EPS reported $0.40 revenue$548,286,000

Net sales of $548M, down $454M from prior quarter on lower module volume to third parties.
Net income per diluted share $0.40 vs net loss per share of ($0.07) in Q4 2022.
Net cash balance $2.0B vs $2.4B end of prior quarter; capex for expansions in AL, India, OH.
YTD net bookings 12.1 GW DC; 4.8 GW DC since Q4 call at avg ASP $0.318 per watt.
Full-year 2023 guidance reaffirmed: net sales $3.4B-$3.6B, EPS $7.00-$8.00, volume 11.8-12.3 GW.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST SOLAR, INC. reported full year 2023 results: revenue $3.4B to $3.6B, EPS $7.00 to $8.00. Guidance reaffirmed.

Period: full year 2023
Revenue: $3.4B to $3.6B
EPS: $7.00 to $8.00
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

2023 guidance remains unchanged. The complete 2023 guidance is as follows: Prior Current Net Sales $3.4B to $3.6B Unchanged Gross Margin (1) $1.2B to $1.3B Unchanged Operating Expenses (2) $415M to $440M Unchanged Operating Income (3) $745M to $870M Unchanged Earnings per Diluted Share $7.00 to $8.00 Unchanged Net Cash Balance (4) $1.2B to $1.5B Unchanged Capital Expenditures $1.9B to $2.1B Unchanged Volume Sold 11.8GW to 12.3GW Unchanged

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FIRST SOLAR, INC. filing history →

Source: SEC EDGAR

accession 0001274494-23-000009

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