NASDAQ$SHLS
Shoals Technologies Group Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported record revenue and earnings with gross margin expansion and backlog increase.
Shoals Technologies Group reported a 21% increase in revenues and expanded adjusted EBITDA margins by more than 900 basis points for the full year 2020. In Q4, revenues reached $38.8 million, and gross profit increased by 19.0% to $14.8 million, with gross margin expanding to 38.3%.
- Revenues were $38.8 million, compared to $37.9 million for the prior-year period.
- Gross profit increased 19.0% to $14.8 million, compared to $12.5 million in the prior year period.
- Gross margin increased more than 530 bps to 38.3% from 32.9% in the prior year.
- Backlog and awarded orders at December 31, 2020 were $157 million, an increase of 46% year-over-year.
Headline financials
Revenue & EPS history
Shoals · Revenue · Quarterly
$38.8M
Forward guidance
For the full year 2021, the Company expects revenues to be in the range of $230 million to $240 million and Adjusted EBITDA to be in the range of $75 million to $80 million.
Tailwinds
- Revenues to be in the range of $230 million to $240 million, up 31.0% to 36.7% year-over-year
- Adjusted EBITDA to be in the range of $75 million to $80 million
- Adjusted net income to be in the range of $47 to $51 million
- Converting more customers to our BLA solution
- Broadening our product offering into complementary categories of EBOS
Headwinds
- Expectations do not consider, or give effect for, material acquisitions that may be completed by the Company during 2021
- Expectations do not consider, or give effect for, other unforeseen events, including changes in global economic conditions
- Non-cash share-based compensation
- Amortization of intangible assets
- The tax effect of such items
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
-1.2%
Avg return
Earnings day
-2.4%
Avg return
5 days after
-3.6%
Avg return
30 days after
38%
8 / 21 earnings
Positive
+27.2%
Q1 2023
Best reaction
-22.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | +6.8% | +54.2% | |
| Q4 2025 | -22.4% | -40.1% | -34.6% | |
| Q3 2025 | -10.4% | -12.2% | -23.3% | |
| Q1 2025 | +17.3% | +35.4% | +31.4% | |
| Q4 2024 | -4.9% | -32.4% | -23.7% | |
| Q3 2024 | -14.2% | -21.0% | -23.6% | |
| Q2 2024 | -5.7% | -6.2% | +0.4% | |
| Q1 2024 | -15.1% | -21.6% | -20.7% | |
| Q4 2023 | -16.6% | -15.5% | -27.4% | |
| Q3 2023 | -6.7% | -14.2% | -13.0% | |
| Q2 2023 | -5.6% | -11.7% | -24.2% | |
| Q1 2023 | +27.2% | +27.0% | +27.2% | |
| Q4 2022 | +3.7% | +5.6% | -8.0% | |
| Q3 2022 | +20.2% | +33.9% | +19.0% | |
| Q2 2022 | +0.3% | -2.9% | -3.2% | |
| Q1 2022 | +6.7% | +20.1% | +50.9% | |
| Q4 2021 | +10.6% | +12.4% | -16.5% | |
| Q3 2021 | -7.3% | +6.6% | -18.0% | |
| Q2 2021 | -2.4% | -0.1% | -7.3% | |
| Q1 2021 | -8.1% | -10.3% | -12.9% | |
| Q4 2020 | +9.6% | -10.7% | -2.4% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
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