Shoals Technologies Group, Inc. (SHLS) Misses Q4 EPS by 3c, Sales Beat

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Go back to Shoals Technologies Group, Inc. (SHLS) Misses Q4 EPS by 3c, Sales Beat

Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2021

March 10, 2022 4:05 PM EST

Record 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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