Shoals Q4 revenue up 38% to $130.4M; guides FY2024 revenue $480-520M, softer H1 due to rates

Shoals Technologies Group, Inc.

2023-FY EPS reported $0.24 revenue$488,939,000

Q4 revenue $130.4M (+38% YoY), gross margin 42.5%, net income $16.6M, adj. EBITDA $39.1M.
Full year 2023 revenue $488.9M (+50% YoY), adj. EBITDA $173.4M (+86%).
Backlog and awarded orders $631.3M, up 47% YoY; international orders >13% of total.
Q1 2024 guidance: revenue $90-100M, adj. EBITDA $15-20M. FY2024: rev $480-520M, adj. EBITDA $150-170M.
Cites sustained high interest rates delaying projects; filed suit against Prysmian for defective wire.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Shoals Technologies Group, Inc. reported financial results for the full year and three months ended December 31, 2023.

Period: the full year and three months ended December 31, 2023
Result: reported results

Exact text from the filing

On February 28, 2024 , Shoals Technologies Group, Inc. (the “Company”) issued a press release announcing its financial results for the full year and three months ended December 31, 2023.

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Shoals Technologies Group, Inc. filing history →

Source: SEC EDGAR

accession 0001831651-24-000009

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