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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 |
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Shoals Technologies Group, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call
PORTLAND, Tenn., July 15, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its second quarter 2024 results after market close on Tuesday, August 6, 2024, to be followed by...
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Shoals Technologies Group to Launch Global Suite of Solutions at Intersolar Europe
PORTLAND, Tenn., June 17, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Nasdaq: SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, today announced its launch of a comprehensive range of system-solutions focused...
Shoals Technologies Group, Inc. to Host 2024 Inaugural Investor Day
PORTLAND, Tenn., June 13, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions for the energy transition market, today announced that it will host its inaugural Investor Day in...
Shoals Technologies, Affirm Holdings, Apple And Other Big Stocks Moving Higher On Tuesday
U.S. stocks were lower, with the Dow Jones index falling over 250 points on Tuesday.
Shoals Technologies Group, Inc. Announces $150 Million Share Repurchase Program and Entry Into $25 Million Accelerated Share Repurchase Agreement
PORTLAND, Tenn., June 11, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system solutions for the energy transition market, today announced that its Board of Directors has...
Shoals Technologies Group, Inc. Announces Participation in Upcoming Investor Events
PORTLAND, Tenn., May 31, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions for solar, battery storage, and electric vehicle charging infrastructure, today announced its participation in the following...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLS
NEW YORK , May 21, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Shoals Technologies Group, Inc. (NASDAQ: SHLS). Shareholders who purchased shares of SHLS during the class period listed are encouraged to contact...
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