Flexible Electronics News

First Solar Announces Full-Year 2013 Financial Guidance

2013 net sales of $3.8 billion to $4.0 billion

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By: DAVID SAVASTANO

Editor, Ink World Magazine

For 2013, FirstSolar expects total module shipments to be between 1.6GW and 1.8GW and net sales of $3.8 billion and $4.0 billion, including approximately $3.6 billion in net sales from systems sales. Consolidated gross margin is expected to be between 20% and 22%. Excluding up to $10 million in restructuring expense as previously announced, diluted EPS is expected to be between $4.00 and $4.50, and consolidated operating income is expected to be between $430 and $460 million. The company exp...

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