NASDAQ$SHLS
Shoals Technologies Group Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Reported financial results for the fourth quarter of 2024, featuring quarterly revenue of $107.0 million and net income of $7.8 million.
Shoals Technologies Group reported Q4 2024 revenue of $107.0 million and net income of $7.8 million. The company faced challenges due to an unpredictable year for the US utility scale solar industry, but implemented operational and commercial process improvements. They finished the year at the high end of their previously guided range with a book to bill of 1.4.
- Revenue decreased by 18% to $107.0 million compared to the prior-year fourth quarter.
- Net income was $7.8 million, compared to $16.6 million in the prior-year period.
- Adjusted EBITDA decreased to $26.4 million compared to $39.1 million for the prior-year period.
- Backlog and awarded orders were $634.7 million, approximately flat compared to the same time last year.
Headline financials
Revenue & EPS history
Shoals · Revenue · Quarterly
$107M
Forward guidance
For the first quarter of 2025, the company expects revenue to be in the range of $70 million to $80 million and Adjusted EBITDA to be in the range of $10 million to $15 million. For the full year 2025, the company expects revenue to be in the range of $410 million to $450 million and Adjusted EBITDA to be in the range of $100 million to $115 million.
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 2024
-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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