SunPower Inc. (SPWR) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, 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. To ask a question during this session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising you your hand is raised. To withdraw your question, please press star 1-1 again. 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. Good morning. I would like to welcome everyone to our fourth quarter 2023 earnings conference call. On the call today, we'll begin with comments from Peter Farisi, 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. It 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 state...