2024-02-15 11:27:08 ET
SunPower Corporation (SPWR)
Q4 2023 Earnings Conference Call
February 15, 2024 08:00:00 AM ET
Company Participants
Mike Weinstein - Vice President, Investor Relations
Peter Faricy - Chief Executive Officer
Beth Eby - Chief Financial Officer
Conference Call Participants
James West - Evercore ISI
Colin Rusch - Oppenheimer & Company, Inc.
Ben Kallo - Baird
Jon Windham - UBS
Philip Shen - Roth Capital Partners
Jordan Levy - Truist Securities
Kashy Harrison - Piper Sandler
Brian Lee - Goldman Sachs
Andrew Percoco - Morgan Stanley
Michael Blum - Wells Fargo
Presentation
Operator
Good morning, welcome to SunPower Corporation's Fourth Quarter and Full Year 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised, today's conference is being recorded.
I would now like to turn the call over to Mr. Mike Weinstein, Vice president of Investor Relations at SunPower Corporation. You may begin.
Mike Weinstein
Good morning. I would like to welcome everyone to our fourth quarter 2023 earnings conference call.
On the call today, we will begin with comments from Peter Faricy, CEO of SunPower, who will provide an update on Q4 business highlights, recent cost reduction actions and our recent announcement of fresh capital from our majority shareholders along with our entrance into new long-term waivers from key financial partners, and our entry into an amendment to our revolving debt facility. Peter will also provide a view of key drivers for improved profitability and cash flow in 2024, along with updates on New Homes and SunPower Financial. Following Peter's comments, Beth Eby, SunPower CFO, will then review our financial results. Peter will close with guidance for gross margin and cash flow improvement in 2024 and beyond. As a reminder, a replay of the call will be available later today on the Investor Relations page of our website.
During today's call, we will make forward-looking statements that are subject to various risks and uncertainties, and our actual performance and results may differ materially from our forward-looking statements. These risks and uncertainties are described in the forward-looking statement disclaimers contained in today's slide presentation, today's press release, our 2022 Form 10-K/A, and our quarterly reports on Form 10-Q. Please see these documents for additional information regarding factors that may affect forward-looking statements and read the forward-looking statement disclaimers contained therein.
Also, we will reference certain non-GAP metrics during today's call. Please refer to the appendix of the presentation as well as today's earnings press release for the GAAP to non-GAAP reconciliation. Finally, to enhance the call, we have posted PowerPoint slides, which we'll reference during the call on the Events & Presentations page of our Investor Relations website. We have also posted a supplemental data sheet detailing additional historical metrics....
Read the full article on Seeking Alpha
For further details see:
SunPower Corporation (SPWR) Q4 2023 Earnings Call Transcript