Firstly, the aforementioned freight market disruption has resulted in higher shipment costs for inbound raw materials. Secondly, the increase in inflation in commodities has, both directly and indirectly, affected our filler materials and cost of production. The cost of aluminum, which has increased over 40% between the start and end of 2021, has been a strong headwind against our module costs. We have partially offset this headwind by implementing our Series 6 Plus at our Malaysia and U.S. factories, which reduced the aluminum content of our frames by 10%. Thirdly, COVID-19 constraints, including travel quarantine restrictions, for both first solar associates and third-party equipment installers have impacted the timing of our Series 6 Plus and throughput upgrades in Vietnam. While we expect to see a loosening of travel restrictions this year, this uncertainty presents ongoing risks to the timing of upgrades of our last factory in Vietnam to Series 6 Plus, which is expected to be completed in early Q2. COVID-related constraints have also delayed the fleet rollout of our glass optimization program.

Mar 1, 2022 / receipt, needs a key / Mark, other | earnings call 2022-03-01 | transcript 225ffcef-023d-4378-a979-bd2dab91bf94 | chars 22700-23815 | segment 23

While this very challenging period of onsite quarantine ended in late October, we acknowledge our team's resiliency, ingenuity, and incredible dedication to the company's mission. Through the strength of our global associates, we continue to execute, source our bill of material strategically, and navigate the current environment as reflected by the manufacturing performance metrics on slide five. While we've delivered against our near-term production commitments, travel and other COVID-19 restrictions have added constraints on getting third-party equipment installers as well as our U.S.-based associates into Malaysia and Vietnam to perform the planned product, throughput, and efficiency upgrades. We have continued to work with relevant agencies to support this essential travel in a safe manner. However, the timing of upgrading our last factory, Vietnam, to Series 6 Plus is now expected to be completed in Q2 of next year.

Nov 4, 2021 / receipt, needs a key / Mark Widmar, CEO | earnings call 2021-11-04 | transcript 0b0f2f22-5723-4234-9069-cb8b86d05a45 | chars 5933-6867 | segment 6

As it relates to our tour program, the factory updates and tool implementations at our Vietnam sites requires international travel from both third-party equipment installers as well as our U.S.-based associates.

Jul 29, 2021 / receipt, needs a key / Mark Widmar, CEO | earnings call 2021-07-29 | transcript 37985139-5d1d-4b8b-a8ca-bb6f18a7d553 | chars 4819-5030 | segment 4

And there are restrictions and quarantine requirements and reduced travel. and the like. As we alluded to, we're working through to try to find a path to keep it on schedule, but there is a significant risk that the rollout of cure in Vietnam, given the current situation, would be delayed.

Jul 29, 2021 / receipt, needs a key / other, other | earnings call 2021-07-29 | transcript 37985139-5d1d-4b8b-a8ca-bb6f18a7d553 | chars 44853-45143 | segment 45

However, third-party equipment installers, as well as our U.S.-based associates, are subject to international travel restrictions as a result of COVID-19.

Aug 6, 2020 / receipt, needs a key / Mark Widmar, CEO | earnings call 2020-08-06 | transcript 4693aead-b5c3-4474-a4b6-2ab2a6aaacca | chars 3911-4065 | segment 3

Continued U.S. capacity expansion

ir_statement / Sep 15, 2026 / receipt

Global fleet utilization: 86%

ir_statement / Sep 15, 2026 / receipt

Lower logistics, detention and demurrage costs

ir_statement / Sep 15, 2026 / receipt

Sales freight: 2.3 c/W, down $36M YoY

ir_statement / Sep 15, 2026 / receipt

Capacity expansion: ~$300M; sixth U.S. facility

ir_statement / Sep 15, 2026 / receipt

Production start-up expense: $90M to $100M; sixth U.S. facility

ir_statement / Sep 15, 2026 / receipt

South Carolina expansion

ir_statement / Sep 15, 2026 / receipt