Shoals Technologies Group, Inc. (SHLS) Tops Q3 EPS by 2c

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Go back to Shoals Technologies Group, Inc. (SHLS) Tops Q3 EPS by 2c

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

November 14, 2022 4:05 PM EST

Reports Record Quarterly Revenue, Gross Profit, Adjusted EBITDA and Adjusted Net Income

Revenue Grew 52% Year-Over-Year to $90.8 million in the Third Quarter

System Solutions Revenue Grew 80% Year-Over-Year to $69.5 million, Representing 77% of Revenue in the Third Quarter

Third Quarter Gross Margin Expanded More Than 330 bps Year Over Year to 39.7%

Backlog and Awarded Orders Up 74% Year-Over-Year to a Record $471.2 million

Raising Low End of 2022 Outlook to Reflect Recent Performance and Improving Business Conditions

PORTLAND, Tenn., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Shoals or the Company) (Nasdaq:... More