Shoals Technologies Group, Inc. (SHLS) Tops Q3 EPS by 5c; Guides FY Revenue Lower

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Go back to Shoals Technologies Group, Inc. (SHLS) Tops Q3 EPS by 5c; Guides FY Revenue Lower

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

November 7, 2023 4:05 PM EST

Record Quarterly Revenue of $134.2 million, up 48% Year-Over-Year

Gross Margin of 10.5% Significantly Impacted by $50.2 million Wire Insulation Shrinkback Expenses

Net Loss of $(9.8) million

Adjusted EBITDA of $48.0 million, up 81% Year-Over-Year

Backlog and Awarded Orders Increased 34% Year-Over-Year to $633.3 million

Shoals Technologies Group, LLC Filed Lawsuit Against Wire Supplier, Prysmian Cables and Systems USA, LLC, For Recovery of Damages

Raises Outlook For Adjusted EBITDA And Adjusted Net Income

PORTLAND, Tenn., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Shoals or the Company) (Nasdaq:... More