SHLS Q2 2024 Earnings — Shoals Technologies Group, Inc. Revenue & Financial Results | Market Cap Arena

SHLSShoals Technologies Group, Inc.

$1B

Q2 2024 Earnings

Income Statement

Revenue

$99M-16.7% YoY

Gross Profit

$40M40.3% margin

Operating Income

$19M18.7% margin

Net Income

$12M11.9% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

+9.3%

Cash Flow

Operating Cash Flow

$38M

Free Cash Flow

$36M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$788M

Total Liabilities

$244M

Stockholders' Equity

$545M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$99M	$119M	-16.7%
Gross Profit	$40M	$51M	-20.8%
Operating Income	$19M	$32M	-41.3%
Net Income	$12M	$19M	-37.6%

Revenue Segments

System Solutions

$79M80%

Components

$20M20%