PORTLAND, Tenn., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Shoals) (Nasdaq: SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, announced today its participation in the following upcoming investor events: March 4th, 2025: Jefferies Power, Utilities, and Clean Energy Conference in New YorkShoals’ CEO Brandon Moss, VP of Finance and Investor Relations Matt Tractenberg, and VP of Marketing and Communications Lindsey Williams will ho ...

Q4 EARNINGS REPORT FEB 2025 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include: information concerning our possible or assumed future results of operations, including our financial guidance for the first quarter of 2025 and for the full year ending December 31, 2025; expectations regarding the utility-scale solar mark ...

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 ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.11%. A quarter ago, it was expected that this solar energy equipment supplier would post earnings of $0.10 per share when it actually produced earnings of $0.08, delivering a surprise of -20%.Over the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 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 8 ...

Revenue Performance - Revenue for Q4 2024 was $107 million, a decrease of 18% compared to $130.4 million in Q4 2023[6] - Full year 2024 revenue decreased 18% to $399.2 million from $488.9 million in 2023[11] - Revenue for the year ended December 31, 2024, was $399,208 thousand, a decrease of 18.4% compared to $488,939 thousand in 2023[33] - For Q1 2025, the company expects revenue in the range of $70 million to $80 million[20] - For the full year 2025, revenue is projected to be between $410 million and $450 million[20] - For the three months ended December 31, 2024, revenue was $106.987 million, a decrease from $130.436 million in the same period of 2023, representing a decline of approximately 18%[41] Profitability Metrics - Adjusted gross profit percentage for Q4 2024 was 37.6%, down from 42.5% in the prior-year period[7] - Adjusted EBITDA for Q4 2024 was $26.4 million, down from $39.1 million in the prior-year period[10] - Net income for Q4 2024 was $7.8 million, compared to $16.6 million in Q4 2023, with diluted earnings per share of $0.05 versus $0.10[9] - Adjusted gross profit for the year ended December 31, 2024, was $155.781 million, down from $230.009 million in 2023, indicating a decrease of about 32%[41] - The adjusted gross profit percentage for the year ended December 31, 2024, was 39.0%, compared to 47.0% in 2023, reflecting a decline of 8 percentage points[41] - Adjusted EBITDA for the year ended December 31, 2024, was $99.084 million, down from $173.391 million in 2023, a decrease of approximately 43%[41] - Net income attributable to Shoals Technologies Group, Inc. for the year ended December 31, 2024, was $24.127 million, compared to $39.974 million in 2023, representing a decline of about 40%[43] - Adjusted diluted EPS for the year ended December 31, 2024, was $0.35, down from $0.65 in 2023, indicating a decrease of approximately 46%[45] Expenses and Liabilities - General and administrative expenses for the full year 2024 were $82.3 million, an increase from $80.7 million in 2023[13] - The company incurred interest expense of $13,827 thousand for the year ended December 31, 2024, compared to $24,100 thousand in 2023, a decrease of 42.5%[33] - The company’s operating expenses totaled $90,845 thousand for the year ended December 31, 2024, slightly up from $89,269 thousand in 2023, reflecting a marginal increase of 1.8%[33] Asset and Equity Changes - Total current assets decreased to $188,352 thousand in 2024 from $227,186 thousand in 2023, a decline of 17.1%[31] - Total liabilities decreased to $236,280 thousand in 2024 from $298,997 thousand in 2023, a reduction of 21.0%[31] - Cash and cash equivalents increased to $23,511 thousand at the end of 2024 from $22,707 thousand at the end of 2023, a rise of 3.5%[35] - The company’s total stockholders' equity increased to $556,800 thousand in 2024 from $544,996 thousand in 2023, an increase of 2.1%[31] Future Outlook and Strategic Focus - The company is focusing on improving productivity measures to mitigate short-term pressures on gross profit margins[4] - The company plans to continue excluding certain discrete liability events from non-GAAP measures to provide a clearer view of operating performance[44] - For Q1 2025, the company expects adjusted EBITDA between $10 million and $15 million[20] - For the full year 2025, adjusted EBITDA is expected to range from $100 million to $115 million[20] Tax and Shareholder Information - The effective income tax rate for adjusted net income was 25.2% for the year ended December 31, 2024, compared to 26.2% in 2023[45] - The diluted weighted average shares outstanding for the year ended December 31, 2024, was 168.725 million, slightly up from 164.504 million in 2023[45] Special Expenses - Wire insulation shrinkback expenses for the year ended December 31, 2024, amounted to $13.3 million, significantly lower than $59.1 million in 2023, a reduction of approximately 77%[44]

– 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 energ ...

Core Viewpoint - The enforcement of intellectual property rights is crucial for the advancement of the US solar industry, as demonstrated by Shoals Technologies Group's legal actions against Voltage for patent infringement [1][2][3]. Group 1: Legal Actions and Patent Infringement - Shoals Technologies Group has filed a Petition for Review and Notice of Appeal to the United States Court of Appeals for the Federal Circuit, seeking to overturn the ITC's decision regarding Voltage's infringement of Shoals' '153 Patent [1][2]. - The appeal will be reviewed on a "de novo" basis, allowing the court to interpret the patent without deferring to the ITC's latest determination [2]. - The ITC has initiated a new investigation into Voltage's infringement of Shoals' newly issued '375 and '376 patents, which relate to trunk bus lead assemblies for solar energy projects [3]. Group 2: Company Commitment and Industry Position - The CEO of Shoals Technologies Group emphasized the company's commitment to enforcing intellectual property rights and preventing illegal imports that infringe on these rights [4]. - Shoals Technologies Group is recognized as a leader in the renewable energy industry, providing electrical balance of systems (EBOS) solutions that enhance installation efficiency and system performance [4].

Core Viewpoint - Shoals Technologies Group, Inc. is set to release its fourth quarter and full year 2024 financial results on February 25, 2025, followed by a conference call [1]. Company Overview - Shoals Technologies Group is a leading provider of electrical balance of systems (EBOS) solutions for the energy transition market, founded in 1996 [3]. - The company has introduced innovative technologies and systems that enhance installation efficiency, safety, system performance, and reliability [3]. - Shoals Technologies Group is recognized as a leader in the renewable energy industry [3]. Investor Information - Interested investors can access the live webcast of the conference call through the Investor Relations section of the company's website, with an archived replay available shortly after the event [2].

Core Viewpoint - Shoals Technologies Group is committed to protecting its intellectual property and American jobs by filing a new patent infringement complaint against Voltage, LLC and a related foreign entity, focusing on its patented Big Lead Assembly solutions [1][2][3] Company Overview - Shoals Technologies Group is a leader in electrical balance of system (EBOS) solutions for the energy transition market, founded in 1996, and recognized for innovative technologies that enhance installation efficiency and system performance [4] Patent Infringement Complaints - The new complaint cites two patents (375 and 376) related to an improved trunk bus lead assembly for solar panel arrays, aimed at preventing the illegal importation of infringing products [2] - The company previously filed a complaint regarding the 153 Patent in 2023, and the new patents are intended to protect against alternative designs that may infringe on the original patent [2] Commitment to Domestic Manufacturing - The CEO of Shoals emphasizes the company's dedication to American jobs and domestic manufacturing, asserting the need to remain vigilant against foreign entities to support the reshoring of clean energy manufacturing [3]