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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

第一太陽能 | 8-K:第一太陽能公司公佈2024年第三季度財務業績
美股SEC公告 ·  10/29 16:11

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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.
第一太陽能公司報告了截至2024年9月30日的第三季度財務業績,報告日期爲2024年10月29日。該公司宣佈淨銷售額下降至9億美元,主要是由於較低的兆瓦成交量和5000萬美元的產品保修儲備費用,儘管部分抵消了終止付款。每股攤薄淨利潤爲2.91美元,低於第二季度的3.25美元。該公司的淨現金餘額減少至7億美元,歸因於新美國工廠的資本支出和運營資本增加。首席執行官馬克·韋德瑪(Mark Widmar)就公司在行業波動和政治不確定性中的進展發表了評論,強調了對增長、盈利能力和流動性的關注。第一太陽能更新了2024年的指導意見,反映了淨銷售額、毛利率、營業費用、營業利潤、每股攤薄收益、淨現金餘額、資本支出和成交量的調整。更新後的指導意見考慮了與2022年通脹減少法案相關的因素。公司召開電話會議討論了業績,並向投資者提供了網上直播。
第一太陽能公司報告了截至2024年9月30日的第三季度財務業績,報告日期爲2024年10月29日。該公司宣佈淨銷售額下降至9億美元,主要是由於較低的兆瓦成交量和5000萬美元的產品保修儲備費用,儘管部分抵消了終止付款。每股攤薄淨利潤爲2.91美元,低於第二季度的3.25美元。該公司的淨現金餘額減少至7億美元,歸因於新美國工廠的資本支出和運營資本增加。首席執行官馬克·韋德瑪(Mark Widmar)就公司在行業波動和政治不確定性中的進展發表了評論,強調了對增長、盈利能力和流動性的關注。第一太陽能更新了2024年的指導意見,反映了淨銷售額、毛利率、營業費用、營業利潤、每股攤薄收益、淨現金餘額、資本支出和成交量的調整。更新後的指導意見考慮了與2022年通脹減少法案相關的因素。公司召開電話會議討論了業績,並向投資者提供了網上直播。
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