Complete Solaria, Inc. (NASDAQ:CSLR) Q1 2024 Earnings Call Transcript

Complete Solaria, Inc. (NASDAQ:CSLR) Q1 2024 Earnings Call Transcript May 3, 2024

Complete Solaria, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).

Brian Wuebbels: Good afternoon and welcome to the Complete Solaria's Earnings Call. My name is Brian Wuebbels, and I am the Chief Operating Officer for Complete Solaria. Joining me here today is T.J. Rodgers, Chief Executive Officer, Complete Solaria. We will be presenting the company's recent financial and operational results for the fourth quarter of 2023, first quarter of 2024 and a business update. The formal presentation will be followed by a question-and-answer session. A few quick reminders before we start. First, today's call is being webcast. A link to the webcast can be found along with our press release on our Investors section of our company website at www.completesolaria.com. Second, during this call we will be making forward-looking statements based on current expectations and actual results may differ due to factors noted in the press release and in our periodic SEC filings.

A construction crew working on a solar energy system, revealing the company's drive for success.

We will reference some non-GAAP financial measures. Reconciliations to the nearest corresponding GAAP measure can be found in today's release on our website. Last, questions can be submitted any time during the call using the Question Submission Box found on your screen. And with that, I will turn it over to T.J. Rodgers.

T.J. Rodgers: Thanks, Brian. First of all, let me introduce people going starting with you. This is as you said Brian Wuebbels, who's our COO. He is actually our CFO, as well. He is – we will hire to replace him. And since Brian is moving up in the company, I'd like him to introduce himself to you.

Brian Wuebbels: Thanks T.J. And just a little bit about myself. I joined the company about a year ago as the CFO, as T.J. mentioned. I started my life out as an engineer. I have a mechanical engineering degree from the University of Illinois. I've also got my MBA. Before I joined Complete Solaria, I was with a multinational company and I was the President of the Control and Elevator Division of that business and that company was called NIDEC. Before I joined NIDEC, I'd actually spent some time in solar, quite a bit of time actually – at GCL, running their US finance operations. And before that I was with almost 10 years MEMC Electronic Materials and SunEdison, where I last – with various operating and finance roles. And then prior to my experience in solar, which was about 10-plus years, I spent my life at two large industrials.

I spent my time at Honeywell for about four years and in the beginning of my career, where I worked in operations and finance with the General Electric Company, under Jack Welch's leadership. So I'm super excited to be here. Like I said I've been on the long road in the last year getting the company public. And I think what's really exciting about where we're at right now as the company is I can come in and provide some stability. I can also help the company move to the next level in quality, delivery and cycle time, which T.J. is going to talk about today. So I'm super excited to be part of this transformation and work closely with T.J. as our new CEO. So I'll turn it back to you T.J.

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To continue reading the Q&A session, please click here.