SolarEdge Technologies, Inc. (NASDAQ:SEDG) Q3 2019 Earnings Conference Call Transcript

Nov 06, 2019 • 04:30 pm ET

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SolarEdge Technologies, Inc. (NASDAQ:SEDG) Q3 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, welcome to the SolarEdge Conference Call for the Third Quarter Ended September 30, 2019. This call is being webcast live on the company's website at www.solaredge.com in the Investors section on the Event Calendar page. This call is the sole property and copyright of SolarEdge with all rights reserved, and any recording, reproduction or transmission of this call without the expressed written consent of SolarEdge is prohibited. You may listen to a webcast replay of this call by visiting the Events Calendar page of the SolarEdge investor website.

I would now like to turn the call over to Erica Mannion at Sapphire Investor Relations, Investor Relations for SolarEdge. Please go ahead, ma'am.

Executive
Erica L. Mannion

Good afternoon. Thank you for joining us to discuss SolarEdge's operating results for the third quarter ended September 30, 2019, as well as the Company's outlook for the fourth quarter of 2019. With me today are Zvi Lando, Acting CEO and VP Global Sales; and Ronen Faier, Chief Financial Officer. Zvi will begin with a brief review of the results for the third quarter ended September 30, 2019. Ronen will review the financial results for the third quarter followed by the Company's outlook for the fourth quarter of 2019. Then we will open the call for questions.

Please note that this call will include forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from management's current expectations. We encourage you to review the Safe Harbor statements contained in our press release and the slides published today for a more complete description. All material contained in the webcast is the sole property and copyright of SolarEdge Technologies with all rights reserved.

Please note, this presentation describes certain non-GAAP measures, including non-GAAP net income and non-GAAP net diluted earnings per share, which are not measures prepared in accordance with US GAAP. The non-GAAP measures are presented in this presentation as we believe they provide investors with the means of evaluating and understanding how the Company's management evaluates the Company's operating performance. These non-GAAP measures should not be considered in isolation from, as substitutes for, or superior to financial measures prepared in accordance with US GAAP. Listeners who do not have a copy of the quarter ended September 30, 2019, press release or the presentation may obtain a copy by visiting the Investors section of the Company's website.

Now, I will turn the call over to Zvi.

Executive
Zvi Lando

Thank you, Erica. Good afternoon and thank you all for joining us on our conference call. Before I begin, I want to address the unfortunate circumstances that had led me to this position. I was fortunate to work with our Founder, Chairman and CEO, Guy Sella, from 2009 and until his passing two months ago. I think everyone who knew Guy will confirm that he was not your typical CEO, and that his vision, leadership, and dedication that led SolarEdge to become a world leader in PV smart energy technology will be greatly missed. Those of