Ballard Power Systems Inc. (BLDP) Q3 2024 Earnings Call Transcript

Ballard Power Systems Inc. (NASDAQ:BLDP) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET

Company Participants

Sumit Kundu – Manager and Investor Relations
Randy MacEwen – Chief Executive Officer
Kate Igbalode – Chief Financial Officer

Conference Call Participants

Rob Brown – Lake Street Capital Markets
Jordan Levy – Truist Securities
Saumya Jain – UBS
Ameet Thakkar – BMO Capital Markets
Craig Shere – Tuohy Brothers
Rupert Merer – National Bank
Mac Whale – Cormark Securities
Martin Malloy – Johnson Rice
Kashy Harrison – Piper Sandler

Operator

Hello and welcome to the Ballard Power Systems' Third Quarter 2024 Results Conference Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the conference over to Sumit Kundu, Manager and Investor Relations. Please go ahead.

Sumit Kundu

Thank you, operator, and good morning. Welcome to Ballard's third quarter financial and operating results conference call. With us on today's call are Randy MacEwen, Ballard's CEO; and Kate Igbalode, Chief Financial Officer. We will be making forward-looking statements that are based on management's current expectations, beliefs and assumptions concerning future events. Actual results could be materially different. Please refer to our most recent annual information form and other public filings for our complete disclaimer and related information.

I will now turn the call over to Randy.

Randy MacEwen

Thank you, Sumit, and welcome everyone to today's conference call. We'll keep our prepared comments today relatively brief to allow sufficient time for Q&A and I think there can be no question as this is a difficult moment in the hydrogen and fuel cell industry. In the context of an uncertain macroeconomic and geopolitical outlook and amid protracted policy uncertainty, we observe a multi-year