Shoals Technologies Group, Inc. (SHLS)

Shoals Technologies Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	399.21	488.94	326.94	213.21	175.52
Revenue Growth (YoY)	-18.35%	49.55%	53.34%	21.48%	21.47%
Cost of Revenue	257.19	320.64	195.63	130.57	108.97
Gross Profit	142.02	168.3	131.31	82.65	66.55
Selling, General & Admin	74.96	79.46	55.91	35.54	21.01
Operating Expenses	83.55	88.01	64.98	44.06	29.27
Operating Income	58.46	80.3	66.33	38.58	37.28
Interest Expense	-13.83	-24.1	-18.54	-14.55	-3.51
Interest & Investment Income	0.52	-	-	-	-
EBT Excluding Unusual Items	45.16	56.2	47.79	24.03	33.77
Merger & Restructuring Charges	-	-	-	-2.35	-
Legal Settlements	-7.29	-1.26	-	-	-
Other Unusual Items	-	-	104.21	-17.65	-
Pretax Income	37.86	54.94	152	4.03	33.77
Income Tax Expense	13.74	12.27	8.99	0.09	-
Earnings From Continuing Operations	24.13	42.66	143.01	3.94	33.77
Minority Interest in Earnings	-	-2.69	-15.4	-1.6	-
Net Income	24.13	39.97	127.61	2.35	33.77
Preferred Dividends & Other Adjustments	-	-	-	2.68	-
Net Income to Common	24.13	39.97	127.61	-0.33	33.77
Net Income Growth	-39.64%	-68.67%	5334.88%	-93.05%	34.30%
Shares Outstanding (Basic)	169	164	114	99	160
Shares Outstanding (Diluted)	169	165	168	99	160
Shares Change (YoY)	2.57%	-1.86%	68.86%	-38.06%	-
EPS (Basic)	0.14	0.24	1.11	-0.00	0.21
EPS (Diluted)	0.14	0.24	0.85	-0.00	0.21
EPS Growth	-41.67%	-71.87%	-	-	34.30%
Free Cash Flow	72	81.38	36.3	-8.21	50.85
Free Cash Flow Per Share	0.43	0.49	0.22	-0.08	0.32
Gross Margin	35.58%	34.42%	40.16%	38.76%	37.91%
Operating Margin	14.64%	16.42%	20.29%	18.09%	21.24%
Profit Margin	6.04%	8.18%	39.03%	-0.15%	19.24%
Free Cash Flow Margin	18.03%	16.64%	11.10%	-3.85%	28.97%
EBITDA	71.09	90.82	76.84	48.63	46.68
EBITDA Margin	17.81%	18.58%	23.50%	22.81%	26.60%
D&A For EBITDA	12.63	10.53	10.51	10.05	9.41
EBIT	58.46	80.3	66.33	38.58	37.28
EBIT Margin	14.64%	16.42%	20.29%	18.09%	21.24%
Effective Tax Rate	36.28%	22.34%	5.91%	2.13%	-

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q