secwatch.observer — SEC 8-K summary
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Issuer:     Shoals Technologies Group, Inc. (SHLS)
CIK:        0001831651
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001831651-24-000055
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831651/000183165124000055/0001831651-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831651/000183165124000055/shls-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001831651-24-000055

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