Shoals Technologies Group, Inc. (SHLS) Misses Q1 EPS by 3c, Misses on Revenue; Offers Weak FY24 Revenue Guidance

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Go back to Shoals Technologies Group, Inc. (SHLS) Misses Q1 EPS by 3c, Misses on Revenue; Offers Weak FY24 Revenue Guidance

Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2024

May 7, 2024 4:06 PM EDT

Quarterly Revenue of $90.8 million Gross Margin of 40.2% Net Income of $4.8 million Adjusted EBITDA of $20.5 million Backlog and Awarded Orders Increased 17% Year-Over-Year to $615.2 million Provides Second Quarter and Full Year 2024 Outlook

PORTLAND, Tenn., May 07, 2024 (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 first quarter ended March 31, 2024.

Despite additional project delays in the period, the teams continued strong execution allowed Shoals to meet our first quarter... More