secwatch.observer — SEC 8-K summary
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Issuer:     Shoals Technologies Group, Inc. (SHLS)
CIK:        0001831651
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0001831651-21-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoals Q2 revenue up 38% to $59.7M, gross margin expands >500 bps; reaffirms FY outlook
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- Revenue $59.7M (+38% YoY); System Solutions revenue up 62% to $51.2M, representing 86% of total.
- Gross profit margin 43.8% vs 38.8% YoY; net income $9.2M vs $5.2M; diluted EPS $0.05, adjusted EPS $0.09.
- Adjusted EBITDA $20.6M (+34% YoY); backlog and awarded orders $200.5M, up 63% YoY.
- Reaffirmed FY2021 guidance: revenue $230-240M, Adj EBITDA $75-80M, Adj net income $47-51M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831651/000183165121000016/0001831651-21-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831651/000183165121000016/a8-kearningsrelease2021q2.htm
  HTML page:      https://secwatch.observer/filing/0001831651-21-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer