Shoals Q3 revenue $90.8M (+52% YoY), raises low end of 2022 guidance

Shoals Technologies Group, Inc.

2022-Q3 EPS reported $0.13 revenue$232,289,000

Revenue $90.8M (+52% YoY); System Solutions revenue up 80% to $69.5M.
Gross margin 39.7% (up 330 bps YoY); net income $12.8M ($0.07 EPS).
Adjusted net income $16.6M ($0.10 adjusted EPS); adjusted EBITDA $26.6M (+57% YoY).
Backlog and awarded orders $471.2M, up 74% YoY and 44% sequentially.
Raised low end of FY2022 outlook: revenue $310-325M, adjusted EBITDA $80-86M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Shoals Technologies Group, Inc. reported the three months ended September 30, 2022 results: revenue $90.8 million, net income $12.8 million, EPS $0.07. Guidance raised.

Period: the three months ended September 30, 2022
Revenue: $90.8 million
Net income: $12.8 million
EPS: $0.07
Guidance: raised
Result: reported results

Exact text from the filing

Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2022 – Reports Record Quarterly Revenue, Gross Profit, Adjusted EBITDA and Adjusted Net Income – – Revenue Grew 52% Year-Over-Year to $90.8 million in the Third Quarter

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Source: SEC EDGAR

accession 0001831651-22-000073

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