secwatch.observer — SEC 8-K summary
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Issuer:     Shoals Technologies Group, Inc. (SHLS)
CIK:        0001831651
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001831651-24-000097
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831651/000183165124000097/0001831651-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831651/000183165124000097/shls-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001831651-24-000097

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