Shoals Technologies Group Inc
NASDAQ:SHLS

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Shoals Technologies Group Inc Logo
Shoals Technologies Group Inc
NASDAQ:SHLS
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Price: 4.83 USD 9.77% Market Closed
Market Cap: 804.9m USD
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Income Statement

Earnings Waterfall
Shoals Technologies Group Inc

Revenue
422.7m USD
Cost of Revenue
-265.4m USD
Gross Profit
157.2m USD
Operating Expenses
-90.7m USD
Operating Income
66.6m USD
Other Expenses
-33.7m USD
Net Income
32.9m USD

Income Statement
Shoals Technologies Group Inc

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Income Statement
Currency: USD
Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
144
N/A
204
+41%
213
+5%
236
+10%
249
+6%
280
+12%
327
+17%
364
+11%
410
+13%
453
+11%
489
+8%
475
-3%
455
-4%
423
-7%
Gross Profit
Cost of Revenue
(84)
(122)
(131)
(145)
(157)
(174)
(196)
(211)
(235)
(300)
(321)
(318)
(309)
(265)
Gross Profit
60
N/A
82
+36%
83
+1%
90
+9%
93
+3%
107
+15%
131
+23%
153
+17%
175
+14%
153
-12%
168
+10%
157
-7%
146
-7%
157
+8%
Operating Income
Operating Expenses
(29)
(41)
(46)
(54)
(57)
(61)
(65)
(71)
(74)
(83)
(89)
(92)
(95)
(91)
Selling, General & Administrative
(22)
(32)
(38)
(45)
(48)
(52)
(56)
(62)
(65)
(74)
(80)
(83)
(85)
(81)
Depreciation & Amortization
(7)
(9)
(9)
(9)
(9)
(9)
(10)
(9)
(9)
(9)
(9)
(9)
(9)
(9)
Operating Income
31
N/A
41
+31%
36
-11%
36
+1%
35
-3%
46
+29%
66
+45%
83
+24%
101
+23%
71
-30%
79
+12%
64
-18%
51
-20%
67
+29%
Pre-Tax Income
Interest Income Expense
(10)
(14)
(15)
(15)
(15)
(16)
(19)
(21)
(23)
(24)
(24)
(22)
(19)
(16)
Non-Reccuring Items
(16)
(16)
(16)
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(2)
(4)
(2)
0
0
2
104
104
104
104
0
0
0
0
Pre-Tax Income
3
N/A
7
+125%
4
-44%
20
+403%
20
N/A
31
+56%
152
+386%
166
+9%
182
+10%
151
-17%
55
-63%
42
-24%
32
-23%
50
+55%
Net Income
Tax Provision
2
3
(0)
(3)
(5)
(9)
(9)
(11)
(15)
(6)
(12)
(12)
(9)
(17)
Income from Continuing Operations
5
10
4
17
15
23
143
155
167
144
43
30
23
33
Income to Minority Interest
1
(2)
(2)
(9)
(7)
(9)
(15)
(16)
(13)
(8)
(3)
0
0
0
Net Income (Common)
6
N/A
8
+42%
2
-73%
11
+357%
10
-2%
16
+53%
128
+708%
139
+9%
154
+10%
136
-12%
40
-71%
30
-24%
23
-23%
33
+41%
EPS (Diluted)
0.03
N/A
0.08
+167%
0.02
-75%
0.08
+300%
0.09
+13%
0.14
+56%
0.76
+443%
0.94
+24%
0.9
-4%
0.8
-11%
0.24
-70%
0.18
-25%
0.13
-28%
0.19
+46%

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