0001274494-13-000011.txt : 20130409 0001274494-13-000011.hdr.sgml : 20130409 20130409133648 ACCESSION NUMBER: 0001274494-13-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130409 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130409 DATE AS OF CHANGE: 20130409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST SOLAR, INC. CENTRAL INDEX KEY: 0001274494 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 204623678 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33156 FILM NUMBER: 13750625 BUSINESS ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85281 BUSINESS PHONE: (602) 414-9300 MAIL ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85281 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SOLAR HOLDINGS LLC DATE OF NAME CHANGE: 20031229 8-K 1 a8-kanalystday2013.htm 8-K 8-K Analyst Day 2013


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): April 9, 2013
 
 
FIRST SOLAR, INC.
(Exact name of registrant as specified in its charter)
 
  
Delaware
(State or other jurisdiction of incorporation)
 
001-33156
(Commission File Number)
 
20-4623678
(I.R.S. Employer Identification No.)

350 West Washington Street
Suite 600
Tempe, Arizona 85281
(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (602) 414-9300
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




TABLE OF CONTENTS
 




Item 7.01 Regulation FD Disclosure.

On April 9, 2013, First Solar issued a press release and will hold an analyst day presentation providing full -year 2013 financial guidance and summary financial targets through 2015. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.

The information in this Form 8-K and in Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liability of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.





Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
 
 
 
 
 
99.1

 
Press Release of First Solar, Inc. dated April 9, 2013.
 
 
 
 
 
 




SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 
FIRST SOLAR, INC.
 
(Registrant)
 
 
 
 
Date: April 9, 2013
By:  
 
/s/ Mary Beth Gustafsson 
 
Name: 
 
Mary Beth Gustafsson 
 
Title:  
 
Executive Vice President, General Counsel and Secretary


 EX-99.1 2 ex991pressreleaseanalystda.htm EXHIBIT EX 99.1 Press Release Analyst Day 2013


EXHIBIT 99.1
 
 
 
 
News Release

First Solar Announces Full-Year 2013 Financial Guidance

2013 Net Sales of $3.8 to $4.0 billion
2013 earnings per fully diluted share of $4.00 to $4.50
Operating Cash Flow of $0.8 - $1.0 Billion
Summary outlook through 2015
 
TEMPE, Ariz., April 9, 2013 - First Solar, Inc. (Nasdaq: FSLR) today announced full-year 2013 guidance as well as summary financial targets through 2015.

For 2013, First Solar expects total module shipments to be between 1.6GW and 1.8GW and net sales of $3.8 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 percent. 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 expects to generate $0.8 to $1.0 billion of operating cash flow and plans for approximately $350 to $400 million in capital expenditures in 2013. Working capital is expected to decrease by between $50 and $200 million from 2012. The Company noted that revenue recognition for the Desert Sunlight project is currently expected to begin in the second half of 2013 and conclude by late 2014. This assumption is reflected in the Company’s 2013 guidance and 2014 outlook.

In addition to the 2013 detailed guidance, the Company also provided a summary outlook for 2014 and 2015 as follows:


2014 Target
2015 Target
Module Shipments
1.8 to 2.2GW
2.3 to 2.7GW
Net Sales
$3.5 to $4 Billion
$4.2 to $4.8 Billion
Earnings Per Fully Diluted Share
$2.50-$4.00
$4.00-$6.00
Operating Cash Flow
$500 to $800 Million
$600 Million to $1 Billion

First Solar’s Chief Financial Officer, Mark Widmar provided the guidance and outlook during its 2013 Analyst Day event held today in New York. Additionally, company executives discussed First Solar’s strategic goals, technology advances and competitive positioning relative to the Company’s peers. A replay of the webcast and presentation materials can be accessed by visiting http://investor.firstsolar.com/events.cfm.

About First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its module and systems technology. The Company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar’s renewable energy systems protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
 

1


 
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the Company’s business involving the Company’s products, their development and distribution, economic and competitive factors and the Company’s key strategic relationships and other risks detailed in the Company’s filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

Contacts

First Solar Investors
David Brady
+1 (602) 414-9315
dbrady@firstsolar.com

or

Ryan Ferguson
+1 602 414-9315
rferguson@firstsolar.com

or

First Solar Media
Steve Krum
+1 602-427-3359
steve.krum@firstsolar.com

        


        




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