Shoals Technologies Group, Inc. (SHLS) Misses Q4 EPS by 5c, provides guidance

Shoals Technologies Group, Inc. (NASDAQ: SHLS) reported Q4 EPS of $0.12, $0.05 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $130.4 million versus the consensus estimate of $132.08 million.

GUIDANCE:

Shoals Technologies Group, Inc. sees FY2024 revenue of $480-520 million, versus the consensus of $625.5 million.
Adjusted EBITDA to be in the range of $150 million to $170 million
Adjusted net income to be in the range of $90 million to $110 million
Cash Flow from operations to be in the range of $100 million to $120 million
Capital expenditures to be in the range of $15 million to $20 million
Interest expense to be in the range of $15 million to $20 million

Shoals Technologies Group, Inc. sees Q1 2024 revenue of $90-100 million, versus the consensus of $134.2 million.

For earnings history and earnings-related data on Shoals Technologies Group, Inc. (SHLS) click here.

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