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Shoals Technologies Group (SHLS)
NASDAQ:SHLS
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -33.04%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a cautiously optimistic outlook for 2025 with improvements in bookings and market expansion. However, challenges such as the revenue decline in 2024 and ongoing litigation impact the sentiment. Shoals is focusing on expanding product offerings and market reach, while managing external challenges.Company Guidance
In the Shoals Technologies Group Fourth Quarter 2024 Earnings Conference Call, the company reported a revenue of $107 million, hitting the high end of expectations, with strong bookings of $145 million, leading to a total backlog and awarded orders of $635 million and a book-to-bill ratio of 1.4. Adjusted gross profit was noted at 37.6%, slightly below expectations due to competitive pressures and product mix, though productivity improvements offered some offset. The company's long-term goal remains an adjusted gross profit percentage at or above 40%. Adjusted EBITDA stood at $26.4 million, representing 24.7% of revenue. Despite challenges such as project delays and external forces impacting the industry, Shoals Technologies is optimistic about 2025, forecasting full-year revenue between $410 million and $450 million, and adjusted EBITDA between $100 million and $115 million. The company is strategically focusing on market penetration, customer diversification, and new product development to navigate the dynamic landscape and capitalize on the improving outlook for U.S. utility-scale solar.Strong Q4 Bookings and Backlog
Shoals Technologies reported Q4 2024 revenue of $107 million, with strong bookings of $145 million, resulting in a backlog and awarded orders (BLAO) of $635 million and a book-to-bill ratio of 1.4.
New Product Introductions and Market Expansion
In 2024, Shoals introduced over a dozen new products, expanded into new market segments like CC&I and BESS, and won projects in international markets including Australia and Chile.
Positive 2025 Outlook
Shoals Technologies expects 2025 revenue to be between $410 million to $450 million, with adjusted EBITDA between $100 million to $115 million, indicating a recovery and growth from 2024.
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SHLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SHLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $4.48 | $4.26 | -4.91% |
| Nov 12, 2024 | $5.77 | $4.85 | -15.94% |
| Aug 06, 2024 | $5.50 | $5.15 | -6.36% |
| May 07, 2024 | $8.80 | $7.51 | -14.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Shoals Technologies Group (SHLS) report earnings?
Shoals Technologies Group (SHLS) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Shoals Technologies Group (SHLS) earnings time?
Shoals Technologies Group (SHLS) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHLS EPS forecast?
SHLS EPS forecast for the fiscal quarter 2025 (Q1) is 0.04.
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