Shoals Technologies Group (SHLS) Income Statement: Revenue & Earnings

Shoals Technologies Group Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Shoals Technologies Group, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	399.21	488.94	326.94	213.21	175.52
Cost of Revenue	257.19	320.64	195.63	130.57	108.97
Gross Profit	142.02	168.30	131.31	82.65	66.55
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	74.96	79.46	55.91	35.54	21.01
Operating Expenses	83.55	88.01	64.98	44.06	29.27
Operating Income	58.46	80.30	66.33	38.58	37.28
Other Income/Expense
Interest Income	0.52	0.00	0.00	0.00	0.00
Interest Expense	-13.83	-24.10	18.54	-14.55	-3.51
Other Income/Expense	-13.31	-22.10	104.21	15.99	0.00
Income
Income Before Tax	37.86	54.94	152.00	4.03	33.77
Income Tax Expense	13.74	12.27	8.99	0.09	0.00
Net Income	24.13	39.97	127.61	2.35	33.77
Net Income - Continuous Operations	24.13	42.66	143.01	3.94	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	71.09	90.82	181.05	48.63	46.68
EBIT	58.46	80.30	170.54	38.58	37.28
Depreciation & Amortization	12.63	10.53	9.07	10.05	9.41
Earnings Per Share
Basic EPS	-	-	1.00	-	-
Diluted EPS	-	-	1.00	-	-
Basic Shares Outstanding	168.57	164.17	114.50	99.27	160.28
Diluted Shares Outstanding	168.73	164.50	167.63	99.27	160.28