Shoals Technologies Group, Inc. (SHLS) Tops Q1 EPS by 4c; Raises Outlook

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Go back to Shoals Technologies Group, Inc. (SHLS) Tops Q1 EPS by 4c; Raises Outlook

Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2023

May 8, 2023 4:15 PM EDT

 Revenue of $105.1 million, up 55% Compared to the Prior Year Period and a Quarterly Record

 System Solutions Revenue of $91.3 million, Nearly Double the Prior Year Period and Representing 87% of First Quarter Revenue

 Gross Margin of 45.9%, Expanding 720 bps Over the Prior Year Period

 Backlog and Awarded Orders of $527.5 million, up 75% Compared to the Prior Year Period

 Raising 2023 Outlook

PORTLAND, Tenn., May 08, 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... More