PORTLAND, Tenn., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the "Company") (NASDAQ:SHLS) today announced that the Company will release its fourth quarter 2023 results after market close on Wednesday, February 28, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.shoa ...

PORTLAND, Tenn., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its fourth quarter 2023 results after market close on Wednesday, February 28, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.sho ...

Nikada/E+ via Getty Images Investment Thesis Shoals Technologies Group (NASDAQ:SHLS) is the leading utility scale electrical balance of systems (EBOS) manufacturer for solar, energy storage, and eMobility. Shoals has consistently achieved 50% to 60% year-over-year revenue growth since going public and is increasing their exposure to international markets. Shoals has incorrectly been sold off by the market alongside other solar stocks. While the general solar market sell-off is justified by lower sales and p ...

Shoals Technologies Group, Inc. (NASDAQ:SHLS) Q3 2023 Results Conference Call November 7, 2023 5:00 PM ET Company Participants Mehgan Peetz - Chief Legal Officer Brandon Moss - CEO Dominic Bardos - CFO Conference Call Participants Brian Lee - Goldman Sachs Philip Shen - ROTH MKM Jordan Levy - Truist Securities Colin Rusch - Oppenheimer Andrew Percoco - Morgan Stanley Christine Cho - Barclays Donovan Schafer - Northland Capital Markets Derek Soderberg - Cantor Fitzgerald Operator Good afternoon. And welcome ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-39942 Shoals Technologies Group, Inc. (Exact name of registrant as specified in its charter) | Delaware | | 85-377 ...

Shoals Technologies Group, Inc. (NASDAQ:SHLS) Q2 2023 Earnings Conference Call August 1, 2023 5:00 PM ET Company Participants Brandon Moss - Chief Executive Officer Jeff Tolnar - President Dominic Bardos - Chief Financial Officer Dhaval Patel - VP of Investor Relations Mehgan Peetz - Chief Legal Counsel Conference Call Participants Philip Shen - ROTH MKM Jordan Levy - Truist Securities Hilary Cauley - Guggenheim Brian Lee - Goldman Sachs Colin Rusch - Oppenheimer Luke Tilkens - Piper Sandler Derek Soderberg ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-39942 Shoals Technologies Group, Inc. (Exact name of registrant as specified in its charter) | Delaware | | 85-3774438 ...

Shoals Technologies Group, Inc. (NASDAQ:SHLS) Q1 2023 Earnings Conference Call May 8, 2023 5:00 PM ET Company Participants Mehgan Peetz - Chief Legal Officer Jeffery Tolnar - Interim Chief Executive Officer and President Dominic Bardos - Chief Financial Officer Conference Call Participants Philip Shen - ROTH MKM Mark Strouse - JPMorgan Andrew Percoco - Morgan Stanley Maheep Mandloi - Crédit Suisse Brian Lee - Goldman Sachs Jordan Levy - Truist Securities Colin Rusch - Oppenheimer Kashy Harrison - Piper Sand ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-39942 Shoals Technologies Group, Inc. (Exact name of registrant as specified in its charter) | Delaware | | 85-3774438 ...

Financial Data and Key Metrics Changes - In the fourth quarter, net income was $118.3 million compared to a net loss of $2.2 million in the prior year, significantly benefiting from a $110.9 million noncash gain related to the termination of a tax receivable agreement [68] - Fourth quarter revenue grew 97% year-over-year to $94.7 million, driven by increased demand for solar and EV solutions [74][136] - Adjusted EBITDA increased 167% to $30.1 million, with an adjusted EBITDA margin of 31.8%, reflecting higher gross margins [148] Business Line Data and Key Metrics Changes - System Solutions revenue grew 150% year-over-year, representing 86% of total revenue, up from 68% in the prior year [136] - The new wire management product line contributed to growth, with an attach rate to BLA continuing to increase [60] - Battery storage products also contributed to growth, with shipments beginning for a 1 gigawatt DC storage project [61] Market Data and Key Metrics Changes - Quoting volumes for international markets, particularly in Latin America, Australia, and EMEA, are increasing, indicating strong demand [63] - The solar market conditions are favorable, with early benefits from the Inflation Reduction Act driving demand for solar and storage offerings [64] - The EV market is seeing increased quote volumes related to fast charging solutions, driven by infrastructure bill funds [64] Company Strategy and Development Direction - The company aims to reach the next $500 million in revenue by fulfilling orders where customers are located, with a focus on international expansion [6] - Investments are being made in sales infrastructure and customer care to support growth and improve customer satisfaction [66][67] - The company is targeting a gross margin in the 40% range for 2023, with expectations for modest margin expansion [70][87] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong growth in 2023, with a revenue target range of $470 million to $510 million, representing a year-over-year increase of 44% to 56% [87] - The company has not seen significant delays in projects or installations due to supply chain issues, maintaining a strong outlook for revenue realization from backlog [93][125] - Management is optimistic about the adoption of new products and the overall market demand, particularly in the EV sector [118] Other Important Information - The company is in the process of transitioning its CEO, with Jeff Tolnar appointed as Interim CEO [75][76] - The company plans to continue investing in SG&A to support scalable long-term growth, anticipating a sequential increase in expenses throughout 2023 [88] Q&A Session Summary Question: Is there any additional upside in the potential revenue guidance should UFLPA resolve faster than expected? - Management is comfortable with the current guidance range and has not seen significant delays affecting revenue [93] Question: Can you talk about the ramp-up in your manufacturing facility and long-term margin expectations? - Management indicated that they expect a 40% gross margin to be achievable and are looking to expand production capacity [109] Question: What percentage of your backlog might be impacted by UFLPA? - Management stated that they do not expect significant impacts from UFLPA and anticipate realizing the backlog within the expected timeframe [98][125] Question: Can you provide an update on the EV charging business and its contribution to 2023 revenues? - The EV charging business is seeing strong adoption, particularly in fleet and school bus electrification, with increased quoting volumes [164]