Highest-materiality recent filing
Shoals Technologies Q2 revenue $163.4M, up 47.4% YoY; record backlog $801.4M
Revenue $163.4M, up 47.4% YoY from $110.8M.
Shoals Technologies amends credit agreement, adds $50M revolving loans, changes leverage covenant
Added $50M 2026 Incremental Revolving Loans with 18-month availability period.
Shoals Technologies adds $50M incremental revolver, changes leverage covenant to 4.00x
Amendment No. 7 adds $50M in incremental revolving loans available for 18 months.
Shoals Technologies Q1 revenue $140.6M (+75% YoY); raises FY outlook
Revenue $140.6M, +74.9% YoY; income from operations $7.7M; net loss $0.3M.
Shoals shareholders reelect all six director nominees; say-on-pay passes with 60% support
Directors elected: Ty Daul, Jeannette Mills, Niharika Taskar Ramdev, Lori Sundberg, Toni Volpe (one-year terms).
Shoals corrects error on order patterns and guidance, reports record Q4 revenue $148.3M
Correction: no material changes in customer order patterns; quarterly guidance not suspended.
Shoals Tech Q4 revenue $148.3M (record), up 39% YoY; backlog record $747.6M
Quarterly net income $8.1M; adjusted EBITDA $30.3M; operating profit $17.4M.
Shoals Technologies appoints David Van Bibber as Chief Accounting Officer effective Nov 10
David Van Bibber appointed CAO, reports to CFO Dominic Bardos; effective Nov 10, 2025.
Shoals Technologies Q3 revenue $135.8M (+32.9% YoY); record backlog $720.9M
Record quarterly revenue of $135.8M, up 32.9% year over year; gross margin 37.0%.
Shoals Q2 revenue $110.8M (+11.7% YoY); record backlog $671.3M; raises FY guidance
Revenue of $110.8M, up 11.7% YoY; operating profit $16.0M; adjusted EBITDA $24.5M.
Ty Daul, Toni Volpe, and Niharika Taskar Ramdev elected as Class I directors; Daul and Volpe each received over 103 million votes for, Ramdev received 132.8 million.
Shoals Q1 revenue $80.4M beats guided range; net loss $(0.3)M; backlog up 5% to $645M; CAO resigns
Revenue $80.4M, gross margin 35.0%, net loss $(0.3)M, Adjusted EBITDA $12.8M.
Shoals Technologies Group dismisses BDO, appoints EY as new auditor
Dismissed BDO USA as independent auditor effective March 11, 2025; no adverse opinions or disagreements.
Shoals Q4 revenue $107M, net income $7.8M; provides FY2025 outlook
Quarterly revenue of $107.0M; net income of $7.8M; adjusted EBITDA of $26.4M.
Shoals Q3 revenue $102.2M (-24% YoY); raises FY midpoint, adj EBITDA halved
Net loss $0.3M vs $9.8M loss a year ago; adjusted EPS $0.08 vs $0.20.
Shoals secures initial ITC ruling that Voltage infringed patents on BLA connectors
ITC administrative law judge found Voltage violated Section 337 by importing infringing LYNX trunk bus products.
Shoals Technologies appoints Niharika Taskar Ramdev to board, replacing Peter Wilver
Peter Wilver resigned from the board effective August 9, 2024; no disagreement with company.
Shoals Q2 revenue $99.2M (-17% YoY), net income $11.8M, cuts FY2024 guidance
Revenue $99.2M (-17% YoY vs $119.2M); net income $11.8M vs $18.9M; diluted EPS $0.07 vs $0.11.
Chief Legal Officer and Corporate Secretary Mehgan Peetz resigns effective Aug 23, 2024
Mehgan Peetz, Chief Legal Officer and Corporate Secretary, notified resignation on July 28, 2024, effective August 23, 2024.
Shoals Technologies authorizes $150M share repurchase; enters $25M ASR with Jefferies
Board approved repurchase of up to $150M of Class A common stock through Dec 31, 2025.
Shoals Q1 revenue $90.8M (-14% YoY); net income $4.8M; backlog up 17% to $615.2M
Revenue $90.8M, down 14% YoY; gross margin 40.2% vs 45.9% prior year.
Elected Class III directors: Brad Forth (83.9M for, 62.3M withheld), Robert Julian (140.6M for), Brandon Moss (140.3M for).
New $200M revolving loan tranche (2024 Revolving Loans) replaces existing revolver.
Shoals Q4 revenue up 38% to $130.4M; guides FY2024 revenue $480-520M, softer H1 due to rates
Q4 revenue $130.4M (+38% YoY), gross margin 42.5%, net income $16.6M, adj. EBITDA $39.1M.
Record quarterly revenue of $134.2 million, up 48% year-over-year from $90.8 million
Shoals Q2 revenue $119.2M (+62% YoY), appoints Brandon Moss CEO
Record revenue $119.2M, up 62% YoY; System Solutions revenue $102.1M (+80%).
Shoals Technologies appoints Brandon Moss as CEO; interim CEO Tolnar returns to President
Brandon Moss, former President at Southwire ($8B revenue), appointed CEO effective July 17, 2023.
Shoals Q1 revenue $105M (+55% YoY); raises FY2023 guidance on record backlog
Revenue $105.1M (+55% YoY); System Solutions revenue $91.3M (+95% YoY) with gross margin 45.9% (+720bps).
Shoals Technologies annual meeting results: elected directors, say-on-pay approved
Jeannette Mills elected with 134.8M votes for, 1.2M withheld; Lori Sundberg elected with 76.9M for, 59.0M withheld.
Filed complaint with ITC and in U.S. District Courts for Southern California and Middle District of North Carolina.
Shoals Technologies selling stockholders complete secondary offering of 24.5M shares
Offering of 24,501,650 shares of Class A common stock by Shoals Parent LLC, Solon Holdco I & II closed on March 10, 2023.
Shoals Q4 revenue $94.7M (+97% YoY); CEO to depart; guides FY23 rev $470-510M
Q4 revenue $94.7M (+97% YoY); gross margin 42.7% (+950 bps); net income $118.3M incl $110.9M one-time gain.
CEO Jason Whitaker terminated effective March 15, 2023 due to disability.
Shoals Technologies promotes Tolnar to President, Macias to CRO, Uecker to CHRO
Jeff Tolnar named President effective Dec 19, 2022; previously SVP EV Solutions.
Shoals closes ~30M share offering, terminates Tax Receivable Agreement for $58.1M cash
Tax Receivable Agreement terminated Dec 6 for $58.1M cash; Company exercised termination right on Nov 29.
CEO Jason Whitaker to step down for health reasons; Shoals enters TRA termination for $58.1M
CEO Jason Whitaker to step down early 2023 for health reasons; advisory role until mid-March 2023.
Shoals Q3 revenue $90.8M (+52% YoY), raises low end of 2022 guidance
Revenue $90.8M (+52% YoY); System Solutions revenue up 80% to $69.5M.
Shoals Q2 revenue $73.5M (+23%); net income $7.3M; backlog up 63% to $327.2M; reaffirms FY22 outlook
Revenue $73.5M, up 23% YoY; gross profit $28.6M; gross margin 38.9% vs 43.8% due to mix and higher costs.
Peter Jonna resigned from board effective Aug 15, 2022; no disagreement cited.
Shoals Technologies appoints Dominic Bardos as CFO effective October 3, 2022
Dominic Bardos appointed CFO, effective Oct 3, 2022; interim CFO Kevin Hubbard steps down same date.
Shoals Q1 revenue up 49% to $68M record; lowers high end of FY22 outlook due to industry headwinds
Q1 revenue $68.0M (+49% YoY); gross margin 38.7% (up 550+ bps sequentially, down 250 bps YoY).
Shoals Technologies annual meeting votes elect directors, ratify auditor
Class I directors Peter Wilver, Ty Daul, and Toni Volpe elected with 116.9M to 128.0M votes for each.
Shoals Technologies upsizes revolving credit facility to $150M, amends covenant and benchmark rate
Revolver increased from $100M to $150M, effective May 2, 2022.
Shoals Technologies CFO Philip Garton resigns; Kevin Hubbard named interim CFO effective May 4
CFO Philip Garton resigns effective May 4, 2022 to join a private company.
Shoals Technologies Q4 revenue $48M (+24% YoY); net loss $2.2M; guides FY2022 revenue $300-350M
Q4 revenue $48.0M, up 24% YoY; gross margin 33.1% vs 38.3% due to $1M higher material/logistics costs.
Shoals Technologies board member Dean Solon resigns; annual meeting set for May 5, 2022
Dean Solon resigned from the Board effective Feb 21, 2022; resignation not due to any disagreement.
Shoals Q3 revenue up 14% to $59.8M, net income down to $5.3M; backlog record $270.7M
Revenue $59.8M (+14% YoY); System Solutions revenue $38.6M (+5% YoY); gross margin 36.4% vs 39.3%.
Shoals Q2 revenue up 38% to $59.7M, gross margin expands >500 bps; reaffirms FY outlook
Revenue $59.7M (+38% YoY); System Solutions revenue up 62% to $51.2M, representing 86% of total.
Shoals Technologies board members Jason Lee and Frank Cannova resign effective July 19, 2021
Jason Lee and Frank Cannova resigned from the board of directors effective July 19, 2021.
Shoals launches 13.4M share secondary offering; prelim Q2 rev $58.8-60.3M, net income $8-10M
Offering of 13,384,155 Class A shares; company offers 8.39M shares, selling stockholders 4.99M shares.
Upon Ms. Lund’s departure, Dominic Bardos, the Company’s Chief Financial Officer, will assume the role of the Company’s principal accounting officer.
On May 2, 2025 , Inez Lund notified the Company of her decision to resign from her role as the Company’s Chief Accounting Officer and principal accounting officer.
On August 7, 2024, Peter Wilver resigned from the board of directors (the “Board”) of Shoals Technologies Group, Inc. (the “Company”), effective as of August 9, 2024.
On August 7, 2024, the Board appointed, effective August 9, 2024, Niharika Taskar Ramdev as a Class I director, with a term expiring at the Company’s annual meeting of stockholders in 2025.
On July 28, 2024, Mehgan Peetz, the Chief Legal Officer and Corporate Secretary, and a named executive officer of Shoals Technologies Group, Inc. (the “Company”), informed the Company of her resignation, effective August 23, 2024.
On June 14, 2023, Shoals Technologies Group, Inc. (the “Company”) announced that it has appointed Brandon Moss as Chief Executive Officer of the Company, effective as of July 17, 2023 (the “Effective Date”).
On February 23, 2023, the Board of Directors (the “Board”) of Shoals Technologies Group, Inc. (the “Company”) made the decision to terminate Jason Whitaker’s employment as Chief Executive Officer of the Company, effective as of March 15, 2023.
On February 23, 2023, the Board appointed Jeffery Tolnar, the Company’s President, as interim Chief Executive Officer, effective immediately following Mr. Whitaker’s termination as contemplated above.
its Board of Directors (the “Board”) has appointed Jeffery Tolnar as President of the Company, effective December 19, 2022.
On November 30, 2022, the Company announced that its Chief Executive Officer, Jason Whitaker, has informed the Board of Directors that he intends to step down from his role as Chief Executive Officer for health reasons in early 2023.
On August 15, 2022, the Board appointed, effective August 15, 2022, (i) Jeannette Mills as a Class II director
On August 12, 2022, Peter Jonna resigned from the board of directors (the “Board”) of Shoals Technologies Group, Inc. (the “Company”), effective as of August 15, 2022.
Max materiality 0.90 · Median 0.68 · Most common event earnings