See more : EESTech, Inc. (EESH) 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.
You may be interested
- The Bank of East Asia, Limited (BKEAY) Income Statement Analysis – Financial Results
- Beacon Rise Holdings PLC (BRS.L) Income Statement Analysis – Financial Results
- KLA Corporation (KLA.DE) Income Statement Analysis – Financial Results
- CMI Limited (CMICABLES.NS) Income Statement Analysis – Financial Results
- Maruzen CHI Holdings Co.,Ltd. (3159.T) Income Statement Analysis – Financial Results
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 |
Shoals Technologies Group, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLS
NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below...
Shoals Technologies Group, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLS
NEW YORK, NY / ACCESSWIRE / May 18, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below...
Shoals Technologies Group, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLS
NEW YORK, NY / ACCESSWIRE / May 18, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below...
Shareholders that lost money on Shoals Technologies Group, Inc.(SHLS) should contact Levi & Korsinsky about pending Class Action - SHLS
NEW YORK, NY / ACCESSWIRE / May 17, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below...
Shoals Technologies Group, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLS
NEW YORK, NY / ACCESSWIRE / May 17, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below...
Shareholders that Lost Money on Shoals Technologies Group, Inc.(SHLS) Should Contact Levi & Korsinsky About Pending Class Action - SHLS
NEW YORK, NY / ACCESSWIRE / May 17, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below...
DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Shoals Technologies Group, Inc. with Losses of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Shoals Technologies Group, Inc. ("Shoals" or "the Company") (NASDAQ:SHLS) for violations of...
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Shoals Technologies Group, Inc. (SHLS)
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming May 21, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Shoals Technologies Group, Inc. (“Shoals”...
Levi & Korsinsky Reminds Shoals Technologies Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 21, 2024 - SHLS
NEW YORK, NY / ACCESSWIRE / May 17, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below...
Levi & Korsinsky Reminds Shoals Technologies Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 21, 2024 - SHLS
NEW YORK, NY / ACCESSWIRE / May 17, 2024 / If you suffered a loss on your Shoals Technologies Group, Inc. (NASDAQ:SHLS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below...
Source: https://incomestatements.info
Category: Stock Reports