Hanwha Q CELLS (HQCL) Reports Q1 Loss of $0.03

Hanwha Q CELLS (NASDAQ: HQCL) reported Q1 EPS of ($0.03), versus ($0.01) reported last year. Revenue for the quarter came in at $333.5 million, versus $217 million reported last year.

PV module shipments were 547.3 MW, of which 33.9 MW were to the company's own projects. Total shipments are 35-40% higher than recent quarters for the pre-merger company Hanwha SolarOne.

BUSINESS OUTLOOK

The Company provides the following guidance based on current operating trends and market conditions.

For the second quarter 2015 the Company expects:

• Module shipments of 650 MW to 680 MW
• Gross margins of 15% to17%

For the full year 2015, the Company expects:

• Module shipments to be between 3.2 GW to 3.4 GW
• Gross margins between 16% and 18%
• Capital expenditures of US $200 million largely for cell and module capacity expansions and manufacturing technology upgrades

For earnings history and earnings-related data on Hanwha Q CELLS (HQCL) click here.

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