See more : Personal Group Holdings Plc (PGH.L) 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 Notifies Shareholders of Shoals Technologies Group, Inc.(SHLS) of a Class Action Lawsuit and an Upcoming Deadline
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...
SHLS LAWSUIT ALERT: Levi & Korsinsky Notifies Shoals Technologies Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
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...
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 15, 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
NEW YORK, NY / ACCESSWIRE / May 15, 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 Notifies Shareholders of Shoals Technologies Group, Inc.(SHLS) of a Class Action Lawsuit and an Upcoming Deadline
NEW YORK, NY / ACCESSWIRE / May 15, 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 Notifies Shareholders of Shoals Technologies Group, Inc.(SHLS) of a Class Action Lawsuit and an Upcoming Deadline
NEW YORK, NY / ACCESSWIRE / May 15, 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...
SHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud Lawsuit
LOS ANGELES , May 15, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ:...
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 15, 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 of Shoals Technologies Group, Inc. Should Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights – SHLS
NEW YORK, NY / ACCESSWIRE / May 15, 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...
Investors who lost money on Shoals Technologies Group, Inc. (SHLS) should contact Levi & Korsinsky about pending Class Action - SHLS
NEW YORK, NY / ACCESSWIRE / May 15, 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...
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