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First Solar | 8-K: First Solar, Inc. Announces Third Quarter 2024 Financial Results

First Solar | 8-K: First Solar, Inc. Announces Third Quarter 2024 Financial Results

第一太阳能 | 8-K:第一太阳能公司公布2024年第三季度财务业绩
美股SEC公告 ·  10/30 04:11

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First Solar, Inc. reported its financial results for the third quarter ending September 30, 2024, on October 29, 2024. The company announced a net sales decrease to $0.9 billion from the previous quarter, primarily due to lower MW volume sold and a $50 million product warranty reserve charge, despite some offset from termination payments. Net income per diluted share was $2.91, down from $3.25 in the second quarter. The company's net cash balance decreased to $0.7 billion, attributed to capital expenditures for new U.S. factories and an increase in working capital. CEO Mark Widmar commented on the company's progress amidst industry volatility and political uncertainty, emphasizing a focus on growth, profitability, and liquidity. First Solar updated its 2024 guidance, reflecting adjustments in net sales, gross margin, operating expenses, operating income, earnings per diluted share, net cash balance, capital expenditures, and volume sold. The updated guidance takes into account factors related to the Inflation Reduction Act of 2022. The company held a conference call to discuss the results and has made a webcast available for investors.
First Solar, Inc. reported its financial results for the third quarter ending September 30, 2024, on October 29, 2024. The company announced a net sales decrease to $0.9 billion from the previous quarter, primarily due to lower MW volume sold and a $50 million product warranty reserve charge, despite some offset from termination payments. Net income per diluted share was $2.91, down from $3.25 in the second quarter. The company's net cash balance decreased to $0.7 billion, attributed to capital expenditures for new U.S. factories and an increase in working capital. CEO Mark Widmar commented on the company's progress amidst industry volatility and political uncertainty, emphasizing a focus on growth, profitability, and liquidity. First Solar updated its 2024 guidance, reflecting adjustments in net sales, gross margin, operating expenses, operating income, earnings per diluted share, net cash balance, capital expenditures, and volume sold. The updated guidance takes into account factors related to the Inflation Reduction Act of 2022. The company held a conference call to discuss the results and has made a webcast available for investors.
第一太阳能公司报告了截至2024年9月30日的第三季度财务业绩,时间为2024年10月29日。该公司宣布净销售额下降至9亿美元,主要由于销售的兆瓦成交量较低和5000万美元的产品保修储备费用,尽管部分偿还了终止付款。每股摊薄净收入为2.91美元,低于第二季度的3.25美元。该公司的净现金余额下降至7亿美元,归因于用于新的美国工厂的资本支出和营运资金增加。首席执行官Mark Widmar就公司在行业波动性和政治不确定性中的进展发表了评论,强调了对增长、盈利能力和流动性的关注。第一太阳能更新了2024年的指导方针,反映了净销售额、毛利率、营业费用、营业收入、每股摊薄收益、净现金余额、资本支出和成交量的调整。更新的指导方针考虑到了2022年通货膨胀削减法案相关因素。该公司举行了电话会议讨论结果,并为投资者提供了网络直播。
第一太阳能公司报告了截至2024年9月30日的第三季度财务业绩,时间为2024年10月29日。该公司宣布净销售额下降至9亿美元,主要由于销售的兆瓦成交量较低和5000万美元的产品保修储备费用,尽管部分偿还了终止付款。每股摊薄净收入为2.91美元,低于第二季度的3.25美元。该公司的净现金余额下降至7亿美元,归因于用于新的美国工厂的资本支出和营运资金增加。首席执行官Mark Widmar就公司在行业波动性和政治不确定性中的进展发表了评论,强调了对增长、盈利能力和流动性的关注。第一太阳能更新了2024年的指导方针,反映了净销售额、毛利率、营业费用、营业收入、每股摊薄收益、净现金余额、资本支出和成交量的调整。更新的指导方针考虑到了2022年通货膨胀削减法案相关因素。该公司举行了电话会议讨论结果,并为投资者提供了网络直播。
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