Earnings Call Summary | Fluence Energy(FLNC.US) Q2 2024 Earnings Conference
Earnings Call Summary | Fluence Energy(FLNC.US) Q2 2024 Earnings Conference
The following is a summary of the Fluence Energy, Inc. (FLNC) Q2 2024 Earnings Call Transcript:
以下是Fluence Energy, Inc.（FLNC）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Fluence reported Q2 revenue of $623 million, improving from the same period last year, along with a gross margin of 10.6%.
Adjusted EBITDA significantly improved from last year, approximately negative $6 million at the end of this quarter.
They witnessed an increase in cash at end of the quarter to $541 million, a rise of $65million from the previous year end.
The company generated a record free cash flow of approximately $88 million in H1 of FY'24.
The backlog of signed contracts as of Q1'24 was $3.7 billion, with a pipeline rise of $2.9 billion to $16.3 billion.
Fluence公佈的第二季度收入爲6.23億美元，與去年同期相比有所改善，毛利率爲10.6％。
調整後的息稅折舊攤銷前利潤比去年大幅提高，本季度末約負600萬美元。
他們目睹了本季度末的現金增加到5.41億美元，比去年年底增加了6500萬美元。
該公司在24財年第一季度創造了創紀錄的約8,800萬澳元的自由現金流。
截至24年第一季度，已簽訂的合同積壓爲37億美元，其中管道合同增加了29億美元，至163億美元。
Business Progress:
業務進展：
Fluence received more than $700 million in new orders and contracted 2.2 gigawatt-hours for its solution business.
The company also added 900 megawatt hours to its services business, and its digital business secured 3.1 gigawatts of new orders.
In line with domestic contract requirements for energy storage, Fluence plans to begin U.S battery module manufacturing later this year.
Fluence significantly expanded its Gridstack Pro line, diversifying storage solutions and servicing a broader range of project needs.
First contract signed for a product eligible for 10% investment tax credit under IRA, qualifying it for domestic content.
Fluence predicts strong growth in fiscal '25, with approximately 35%-40% increase from '24 guidance midpoint.
Anticipates significant revenue traction, mainly from Q4 of FY'24.
Aims to maintain gross margins within 10%-12% by FY'24 end.
Observes an increased interest in long-term storage energy solutions, signaling potential customer pool expansion.
Plan to accelerate investments in cloud infrastructure and continue operations in Utah facility.
First domestic content contract signed, providing Fluence a first-mover advantage for potential margin growth.
Discussed prospects of operational expansion into India amidst increased demand in ERCOT, CAISO and MISO markets.
Majority of U.S contracts involve power purchase agreements.
Fluence獲得了超過7億美元的新訂單，並簽訂了2.2千兆瓦時的解決方案業務合同。
該公司還增加了900兆瓦時的服務業務，其數字業務獲得了3.1千兆瓦的新訂單。
根據國內儲能合同要求，Fluence計劃於今年晚些時候開始在美國製造電池模塊。
Fluence 顯著擴展了其 Gridstack Pro 產品線，實現了存儲解決方案的多樣化，滿足了更廣泛的項目需求。
根據IRA簽訂的第一份有資格獲得10％投資稅收抵免的產品的合同，該產品有資格獲得國內內容。
Fluence預測25財年將實現強勁增長，較24財年的預期中點增長約35％-40％。
預計收入將大幅增長，主要來自24財年第四季度。
目標是到24財年末將毛利率維持在10％-12％以內。
觀察到人們對長期存儲能源解決方案的興趣與日俱增，這表明潛在的客戶群擴張。
計劃加快對雲基礎設施的投資，並繼續在猶他州設施中運營。
簽署了第一份國內內容合同，爲Fluence提供了潛在利潤增長的先發優勢。
討論了在ERCOT、CAISO和MISO市場需求增加的情況下向印度擴張業務的前景。
大多數美國合同都涉及電力購買協議。
More details: Fluence Energy IR
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譯文內容由第三人軟體翻譯。