earnings
confidence high
sentiment negative
materiality 0.65
Shoals Q3 revenue $102.2M (-24% YoY); raises FY midpoint, adj EBITDA halved
Shoals Technologies Group, Inc.
2024-Q3 EPS reported
$0.10
revenue$292,221,000
- Net loss $0.3M vs $9.8M loss a year ago; adjusted EPS $0.08 vs $0.20.
- Gross profit 24.8% (adj. 37.9%); wire insulation shrinkback expense $13.3M vs $50.2M.
- Backlog & awarded orders $596.6M, down 5.8% YoY and 7.1% sequentially.
- Secured favorable initial ITC ruling against Voltage, LLC; no financial terms disclosed.
- FY2024 guidance raised: revenue $390-$400M, adj. EBITDA $96-$101M; Q4 rev $97-$107M.