Shoals Q4 revenue $107M, net income $7.8M; provides FY2025 outlook

Shoals Technologies Group, Inc.

2024-FY EPS reported $0.14 revenue$399,208,000

Quarterly revenue of $107.0M; net income of $7.8M; adjusted EBITDA of $26.4M.
Adjusted gross profit percentage 37.6%; CEO notes margin pressure but productivity measures in place.
Ending Backlog and Awarded Orders of $634.7M; book to bill of 1.4 in Q4.
Provides Q1 and full year 2025 outlook; management cautious but sees customer momentum.
International project wins and traction in CC&I and BESS markets.

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