See more : TATSUMI Corporation (7268.T) Income Statement Analysis – Financial Results
Complete financial analysis of Shoals Technologies Group, Inc. (SHLS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Shoals Technologies Group, Inc., a leading company in the Solar industry within the Energy sector.
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Shoals Technologies Group, Inc. (SHLS)
About Shoals Technologies Group, Inc.
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS systems. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects and install electric vehicle charging stations. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 488.94M | 326.94M | 213.21M | 175.52M | 144.50M | 103.75M |
| Cost of Revenue | 320.64M | 195.63M | 130.57M | 108.97M | 100.28M | 75.58M |
| Gross Profit | 168.30M | 131.31M | 82.65M | 66.55M | 44.21M | 28.17M |
| Gross Profit Ratio | 34.42% | 40.16% | 38.76% | 37.91% | 30.60% | 27.15% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 80.72M | 55.91M | 37.89M | 21.01M | 9.07M | 8.90M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 80.72M | 55.91M | 37.89M | 21.01M | 9.07M | 8.90M |
| Other Expenses | 8.55M | 9.07M | 8.52M | 8.26M | 8.22M | 8.18M |
| Operating Expenses | 89.27M | 64.98M | 46.41M | 29.27M | 17.28M | 17.08M |
| Cost & Expenses | 409.90M | 260.61M | 176.98M | 138.24M | 117.57M | 92.66M |
| Interest Income | 0.00 | 18.54M | 14.55M | 3.51M | 1.79M | 0.00 |
| Interest Expense | 24.10M | 18.54M | 14.55M | 3.51M | 1.79M | 2.44M |
| Depreciation & Amortization | 10.53M | 10.51M | 10.05M | 9.41M | 9.16M | 8.99M |
| EBITDA | 89.56M | 181.05M | 48.63M | 46.68M | 36.09M | 20.08M |
| EBITDA Ratio | 18.32% | 55.38% | 20.93% | 26.60% | 24.98% | 19.35% |
| Operating Income | 79.04M | 170.54M | 36.23M | 37.28M | 26.93M | 11.09M |
| Operating Income Ratio | 16.16% | 52.16% | 16.99% | 21.24% | 18.64% | 10.69% |
| Total Other Income/Expenses | -24.10M | 85.67M | -32.20M | -3.51M | -1.79M | -2.44M |
| Income Before Tax | 54.94M | 152.00M | 4.03M | 33.77M | 25.14M | 8.65M |
| Income Before Tax Ratio | 11.24% | 46.49% | 1.89% | 19.24% | 17.40% | 8.33% |
| Income Tax Expense | 12.27M | 8.99M | 86.00K | 3.51M | 1.79M | 8.83M |
| Net Income | 39.97M | 127.61M | 3.94M | 33.77M | 25.14M | 8.65M |
| Net Income Ratio | 8.18% | 39.03% | 1.85% | 19.24% | 17.40% | 8.33% |
| EPS | 0.24 | 1.11 | 0.04 | 0.21 | 0.15 | 0.05 |
| EPS Diluted | 0.24 | 0.76 | 0.04 | 0.21 | 0.15 | 0.05 |
| Weighted Avg Shares Out | 164.17M | 114.50M | 112.05M | 160.28M | 160.28M | 160.28M |
| Weighted Avg Shares Out (Dil) | 164.50M | 167.63M | 112.05M | 160.28M | 166.59M | 166.59M |
Levi & Korsinsky Investigates Possible Securities Fraud Violations by Shoals Technologies Group, Inc. (SHLS)
NEW YORK, NY / ACCESSWIRE / October 30, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Shoals Technologies Group, Inc. ("Shoals Technologies Group, Inc.") (NASDAQ:SHLS) concerning possible violations of federal securities laws. The investigation...
SHLS ALERT- Levi & Korsinsky Has Commenced an Investigation on Behalf of Shoals Technologies Group, Inc. Shareholders Who Lost Money
NEW YORK, NY / ACCESSWIRE / October 28, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Shoals Technologies Group, Inc. ("Shoals Technologies Group, Inc.") (NASDAQ:SHLS) concerning possible violations of federal securities laws. The investigation...
INVESTOR ALERT: Rigrodsky Law, P.A. Reminds Shareholders of Investigation of Shoals Technologies Group, Inc.
WILMINGTON, DE / ACCESSWIRE / October 25, 2024 / Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ GM:SHLS) on behalf of stockholders.
Shoals Technologies Group, Inc. Being Investigated on Behalf of Shoals Technologies Group, Inc. Investors. Contact Levi & Korsinsky For Details.
NEW YORK, NY / ACCESSWIRE / October 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Shoals Technologies Group, Inc. ("Shoals Technologies Group, Inc.") (NASDAQ:SHLS) concerning possible violations of federal securities laws. The investigation...
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Shoals Technologies Group, Inc. On Behalf of Shareholders
WILMINGTON, DE / ACCESSWIRE / October 17, 2024 / Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ GM:SHLS) on behalf of stockholders.
Shoals Technologies Group, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call
PORTLAND, Tenn., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its third quarter 2024 results before market open on Tuesday, November 12, 2024, to be followed by...
Shoals Technologies Group Appoints Chief Operations Officer and Interim Chief Legal Officer
PORTLAND, Tenn., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals”), a global leader in electrical balance of system (“EBOS”) solutions for the energy transition market, announced today that it has further strengthened its executive team with two...
Shoals Technology Group, Inc. Hosted Inaugural Investor Day
PORTLAND, Tenn., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“the Company”) (Nasdaq: SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, announces financial highlights of its investor day, which was...
Shoals Technologies Stock: Why I'm Staying Bullish Despite The Recent Setbacks
Shoals Technologies has faced significant challenges in 2024, including project delays, supply chain disruptions, and legal issues, leading to a substantial decline in its stock price. Operational disruptions and market headwinds such as permitting issues, labor shortages, and high financing...
Shoals Technologies Group Secures Favorable Initial Ruling in ITC Case Against Voltage, LLC
Ruling Represents Big Win for U.S. Solar Manufacturing Industry and American Jobs Ruling Represents Big Win for U.S. Solar Manufacturing Industry and American Jobs
Source: https://incomestatements.info
Category: Stock Reports