Shoals Technologies Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Shoals Technologies Group (NASDAQ:SHLS) Full Year 2024 Results

Key Financial Results

• Revenue: US$399.2m (down 18% from FY 2023).
• Net income: US$24.1m (down 40% from FY 2023).
• Profit margin: 6.0% (down from 8.2% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.14 (down from US$0.24 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shoals Technologies Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

Be aware that Shoals Technologies Group is showing 1 warning sign in our investment analysis that you should know about...

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