Shoals Technologies Group, Inc. (SHLS) Misses Q4 EPS by 3c, Sales Beat
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Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2021
March 10, 2022 4:05 PM ESTRecord Revenue and Gross Profit for Full Year 2021
System Solutions Revenue Increased 29% Year-Over-Year in the Fourth Quarter
Gross Margin of 38.8% for the Full Year 2021
Backlog and Awarded Orders Nearly Doubled Year-Over-Year to a Record $299.0 million
Revenue Growth Expected to Accelerate in 2022
PORTLAND, Tenn., March 10, 2022 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Shoals or the Company) (Nasdaq: SHLS), a leading provider of electrical balance of system (EBOS) solutions for solar, battery storage and electric vehicle charging infrastructure, today announced results for its fourth quarter ended December 31, 2021.
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