CSIQ - Canadian Solar GAAP EPS of $1.11 beats by $0.14 revenue of $1.97B in-line
2023-03-21 06:07:42 ET
- Canadian Solar press release ( NASDAQ: CSIQ ): Q4 GAAP EPS of $1.11 beats by $0.14 .
- Revenue of $1.97B (+28.8% Y/Y) in-line.
- 68% increase in solar module shipments year-over-year to 6.4 GW, above guidance range of 6.0 GW to 6.3 GW.
- 17.7% gross margin at the high end of guidance range of 16% to 18%.
- Yan Zhuang, President of Canadian Solar's CSI Solar subsidiary, said, "Looking ahead, we expect significant growth driven by our solar and battery storage offerings. In particular, we achieved over $1 billion in contracted battery storage revenues as of January 31, 2023, giving us significant visibility over our multi-year growth prospects and ability to deliver sustainable long-term value to our shareholders."
- Dr. Huifeng Chang, Senior VP and CFO, added, "Overall, we remain disciplined in our capital deployment and are positioned to capture long-term growth and value."
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Canadian Solar GAAP EPS of $1.11 beats by $0.14, revenue of $1.97B in-line