Shoals Technologies Group, Inc. (SHLS) Income Statement Analysis

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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)

Industry: Solar

Sector: Energy

Website: https://www.shoals.com

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

May 21, 2024 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against - SHLS

May 17, 2024accesswire.com

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...

Lost Money on Shoals Technologies Group, Inc. (SHLS)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky

May 17, 2024accesswire.com

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLS

May 17, 2024accesswire.com

Shoals Technologies Group, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights – SHLS

May 16, 2024accesswire.com

NEW YORK, NY / ACCESSWIRE / May 16, 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...

Class Action Filed Against Shoals Technologies Group, Inc. (SHLS) Seeking Recovery for Investors - Contact Levi & Korsinsky

May 16, 2024accesswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Shoals Technologies Group, Inc. - SHLS

May 16, 2024prnewswire.com

NEW YORK , May 16, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ: SHLS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW),...

Investors in Shoals Technologies Group, Inc. Should Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLS

May 16, 2024accesswire.com

Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Shoals Technologies Group, Inc.(SHLS) Shareholders

May 16, 2024accesswire.com

DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Shoals Technologies Group, Inc. with Losses of $100,000 to Contact the Firm

May 16, 2024accesswire.com

LOS ANGELES, CA / ACCESSWIRE / May 16, 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...