Shoals Technologies Group, Inc. (NASDAQ:SHLS ) Q4 2024 Earnings Conference Call February 25, 2025 8:00 AM ET Company Participants Matthew Tractenberg - Vice President of Finance & Investor Relations Brandon Moss - Chief Executive Officer Dominic Bardos - Chief Financial Officer Conference Call Participants Andrew Percoco - Morgan Stanley Mark Strouse - JPMorgan Philip Shen - ROTH Capital Partners Brian Lee - Goldman Sachs Colin Rusch - Oppenheimer Kashy Harrison - Piper Sandler Praneeth Satish - Wells Fargo Dimple Gosai - Bank of America Operator Good morning and welcome to the Shoals Technologies Group Fourth Quarter 2024 Earnings Conference Call. Today's call is being recorded and we have allocated 1 hour for prepared remarks and Q&A.
Shoals Technologies Group (SHLS) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.12 per share a year ago.
– Quarterly Revenue of $107.0 million – – Adjusted Gross Profit Percentage1 of 37.6% – – Quarterly Net Income of $7.8 million – – Adjusted EBITDA1 of $26.4 million – – Ending Backlog and Awarded Orders of $634.7 million – – Provides First Quarter and Full Year 2025 Outlook – PORTLAND, Tenn., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions and components, including battery energy storage solutions (“BESS”), and Original Equipment Manufacturer (“OEM”) components for the global energy transition market, today announced results for its fourth quarter ended December 31, 2024.
Shoals Technologies Group, a leader in EBOS solutions for the solar sector, offers a compelling risk-reward profile despite recent setbacks, including a patent infringement case loss. The company's innovative "plug-and-play" BLA system reduces costs and complexity, enhancing safety and efficiency, which has driven its market share from 7% in 2017 to 32% in 2020. Despite short-term challenges like project delays and litigation costs, Shoals has consistently generated free cash flow and maintains a robust pipeline, signaling strong long-term prospects.
Shoals Technologies Group, Inc., maintains commitment to protecting U.S. Solar Manufacturing, files additional patent infringement complaint with ITC.
Shoals Technologies Group, Inc. reported mixed Q3 earnings with a revenue decline and EPS miss due to project delays, impacting overall performance. Improved gross profit and operating margins show progress, but high debt and interest expenses raise concerns about financial health during prolonged downturns. Delays and potential political changes pose risks, while solar power's cost-effectiveness offers some optimism amid uncertainties.
Shoals Technologies Group, Inc. (NASDAQ:SHLS ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Matthew Tractenberg - Vice President of Finance and Investor Relations Brandon Moss - Chief Executive Officer Dominic Bardos - Chief Financial Officer Conference Call Participants Brian Lee - Goldman Sachs Mark Strouse - JPMorgan Philip Shen - ROTH Capital Partners Kashy Harrison - Piper Sandler Christine Cho - Barclays Jordan Levy - Truist Securities Andrew Percoco - Morgan Stanley Praneeth Satish - Wells Fargo Joseph Osha - Guggenheim Partners Colin Rusch - Oppenheimer Operator Hello and welcome to the Shoals Technologies Group, Inc. Third Quarter 2024 Earnings Call. My name is Alex and I'll be coordinating the call today.
Shoals Technologies Group (SHLS) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.20 per share a year ago.
– Secures Favorable Initial Ruling in ITC Case Against Voltage, LLC – – Quarterly Revenue of $102.2 million – – Gross Profit Percentage of 24.8% and Adjusted Gross Profit Percentage of 37.9% – – Net Loss of $0.3 million – – Adjusted EBITDA of $24.5 million – – Raises Midpoint of Full-Year Revenue Outlook – PORTLAND, Tenn., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions for the energy transition market, today announced results for its third quarter ended September 30, 2024.
WILMINGTON, DE / ACCESSWIRE / October 25, 2024 / Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Shoals Technologies Group, Inc. ("Shoals" or the "Company") (NASDAQ GM:SHLS) on behalf of stockholders.