Shoals Q2 revenue $99.2M (-17% YoY), net income $11.8M, cuts FY2024 guidance

Shoals Technologies Group, Inc.

2024-Q2 EPS reported $0.10 revenue$190,056,000

Revenue $99.2M (-17% YoY vs $119.2M); net income $11.8M vs $18.9M; diluted EPS $0.07 vs $0.11.
Adjusted EBITDA $27.7M vs $48.2M; gross margin 40.3% vs 42.4%.
Backlog and awarded orders $642.3M, a record +18% YoY.
Q3 2024 outlook: revenue $95-105M, Adjusted EBITDA $25-30M.
Full year 2024 guidance lowered: revenue $370-400M, Adj EBITDA $96-110M, Adj net income $62-76M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.