Shoals Technologies Group, Inc. (SHLS) Tops Q4 EPS by 7c

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Go back to Shoals Technologies Group, Inc. (SHLS) Tops Q4 EPS by 7c

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

February 28, 2023 4:08 PM EST

Revenue Nearly Doubled Year-Over-Year to $94.7 million

System Solutions Revenue Increased 150% Year-Over-Year

Gross Margin Expanded More Than 950 bps Year-Over-Year

Backlog and Awarded Orders Up 43% Year-Over-Year to $428.6 million

Provides 2023 Outlook for Continued Strong Growth

PORTLAND, Tenn., Feb. 28, 2023 (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 and full year ended December 31, 2022.

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