First Solar Reveals Its Full-Year 2014 Financial Guidance

published: 2014-03-20 13:48 | editor: | category: News

Today, First Solar announced its full-year 2014 guidance as well as summary financial targets through 2016.

For 2014, First Solar expects net sales of $3.7 to $4.0 billion. Consolidated gross margin is expected to be between 16 and 18 percent. Diluted earnings per share is expected to be between $2.20 and $2.60, and consolidated operating income is expected to be between $270 and $320 million. The Company expects to generate between $250 to $450 million of operating cash flow and plans for approximately $300 to $350 million in capital expenditures in 2014.

In addition to the 2014 detailed guidance, the Company also provided a summary outlook for 2015 and 2016 as follows:

 

2015 Target

2016 Target

Net Sales

$3.8 to $4.3Billion

$3.8 to $4.5Billion

Earnings Per Fully Diluted Share

$4.50-$6.00

$3.50-$5.00

Operating Cash Flow

$300 to $600Million

$800Million to $1.3Billion

 

First Solar's Chief Financial Officer, Mark Widmar provided the guidance and outlook during the company's 2014 Analyst Day event held today in New York. Additionally, company executives discussed First Solar's strategic goals and technology advances. A replay of the webcast and presentation materials can be accessed by visiting //investor.firstsolar.com/events.cfm.

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