SHLS - Shoals Technologies GAAP EPS of $0.10 beats by $0.04 revenue of $105.09M beats by $7.53M

2023-05-08 16:46:40 ET

• Shoals Technologies press release ( NASDAQ: SHLS ): Q1 GAAP EPS of $0.10 beats by $0.04 .
• Revenue of $105.09M (+54.6% Y/Y) beats by $7.53M .
• System Solutions Revenue of $91.3 million, Nearly Double the Prior Year Period and Representing 87% of First Quarter Revenue
• Gross Margin of 45.9%, Expanding 720 bps Over the Prior Year Period
• The Company’s backlog and awarded orders as of March 31, 2023 were $527.5 million, representing a 75% increase versus the same time last year and a 23% sequential increase from December 31, 2022.
• 2023 Outlook: Revenue to be in the range of $480 million to $510 million
• Adjusted EBITDA to be in the range of $145 million to $160 million
• Adjusted net income to be in the range of $92 million to $102 million.
• Shares +12.58% .

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