Shoals Technologies Group, Inc. (SHLS) Tops Q2 EPS by 1c

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Go back to Shoals Technologies Group, Inc. (SHLS) Tops Q2 EPS by 1c

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

August 1, 2023 4:05 PM EDT

Record Quarterly Revenue of $119.2 million, up 62% Year-Over-Year

System Solutions Revenue Grew 80% Year-Over-Year to $102.1 million, Representing 86% of Second Quarter Revenue

 Gross Margin Expanded 350 bps Year-Over-Year to 42.4%

 Signed Landmark 10 Gigawatt Master Supply Agreement with Blattner Company

 Backlog and Awarded Orders Increased 67% Year-Over-Year to $546.1 million

PORTLAND, Tenn., Aug. 01, 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 second quarter ended June 30,... More