Shoals Technologies Group, Inc. (SHLS) Misses Q1 EPS by 5c

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Go back to Shoals Technologies Group, Inc. (SHLS) Misses Q1 EPS by 5c

Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2022

May 16, 2022 4:05 PM EDT

First Quarter Revenue Increased 49% Year-Over-Year to Record $68.0 million

System Solutions Revenue Grew 40% Year-Over-Year

Gross Margin Expanded More Than 550 bps Sequentially to 38.7%

Backlog and Awarded Orders Up 67% Year-Over-Year to a Record $302.3 million

Reaffirms Low End of Revenue Outlook Despite Industry Challenges

PORTLAND, Tenn., May 16, 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 first... More