Highest-materiality recent filing
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 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 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.
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 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 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.
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.
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.
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.
Max materiality 0.85 · Median 0.65 · Most common event earnings