Shoals Q1 revenue $90.8M (-14% YoY); net income $4.8M; backlog up 17% to $615.2M

Shoals Technologies Group, Inc.

2024-Q1 EPS reported $0.03 revenue$90,807,000

Revenue $90.8M, down 14% YoY; gross margin 40.2% vs 45.9% prior year.
Net income $4.8M vs $17.0M prior year; diluted EPS $0.03 vs $0.10.
Adjusted EBITDA $20.5M vs $38.1M prior year; adjusted diluted EPS $0.07 vs $0.15.
Backlog and awarded orders $615.2M, up 17% YoY; new orders >$75M in Q1.
Q2 2024 outlook: revenue $85-95M, Adj. EBITDA $20-25M; full year revenue $440-490M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Shoals Technologies Group, Inc. reported first quarter ended March 31, 2024 results: revenue $90.8 million, net income $4.8 million, EPS $0.03. Guidance initiated.

Period: first quarter ended March 31, 2024
Revenue: $90.8 million
Net income: $4.8 million
EPS: $0.03
Guidance: initiated
Result: reported results

Exact text from the filing

Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2024 – Quarterly Revenue of $90.8 million

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Source: SEC EDGAR

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