Shoals Technologies (SHLS) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2024 – 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, TN. – November 12, 2024 (GLOBE NEWSWIRE) – Shoals Technologies Group, Inc. ("Shoals" or the "Company ...