Shoals Technologies Group, Inc. (SHLS) Tops Q2 EPS by 2c, provides guidance

Shoals Technologies Group, Inc. (NASDAQ: SHLS) reported Q2 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $99.2 million versus the consensus estimate of $90.57 million.

GUIDANCE:

Shoals Technologies Group, Inc. sees Q3 2024 revenue of $95-105 million, versus the consensus of $137 million. Adjusted EBITDA to be in the range of $25 to $30 million.

Full Year 2024 Outlook
Based on current business conditions, business trends and other factors, for the full year 2024, the Company expects:

Revenue to be in the range of $370 to $400 million, versus the consensus of $465.1 million.
Adjusted EBITDA* to be in the range of $96 to $110 million
Adjusted net income* to be in the range of $62 to $76 million
Cash Flow from operations to be in the range of $62 to $82 million
Capital expenditures to be in the range of $15 to $20 million
Interest expense to be in the range of $15 to $20 million

For earnings history and earnings-related data on Shoals Technologies Group, Inc. (SHLS) click here.

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