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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 |
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Lawsuit - 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...
Shoals Technologies Group, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - 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...
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 15, 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...
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Lawsuit - 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...
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...
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLS
NEW YORK , May 15, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Shoals Technologies Group, Inc. ("Shoals Technologies" or the "Company") (NASDAQ: SHLS) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses...
Shareholders of Shoals Technologies Group, Inc. Should Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights – SHLS
NEW YORK, NY / ACCESSWIRE / May 14, 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 in Shoals Technologies Group, Inc. Should Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights – SHLS
NEW YORK, NY / ACCESSWIRE / May 14, 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 14, 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 14, 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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