secwatch.observer — SEC 8-K summary
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Issuer:     Shoals Technologies Group, Inc. (SHLS)
CIK:        0001831651
Form:       8-K
Filed at:   2022-08-16T23:59:59+00:00
Accession:  0001831651-22-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shoals Q2 revenue $73.5M (+23%); net income $7.3M; backlog up 63% to $327.2M; reaffirms FY22 outlook
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- Revenue $73.5M, up 23% YoY; gross profit $28.6M; gross margin 38.9% vs 43.8% due to mix and higher costs.
- Net income $7.3M ($0.04 diluted EPS) vs $9.2M ($0.05) a year ago; adjusted EPS $0.07 vs $0.09.
- Backlog and awarded orders record $327.2M, up 63% YoY and 8% sequentially.
- Full-year 2022 guidance reaffirmed: revenue $300M-$325M, adjusted EBITDA $77M-$86M.
- Components revenue surged 97% YoY, driven by battery storage and new solar customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831651/000183165122000047/0001831651-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831651/000183165122000047/shls-20220815.htm
  HTML page:      https://secwatch.observer/filing/0001831651-22-000047

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