Shoals technologies group, inc. reports financial results for first quarter 2023

– revenue of $105.1 million, up 55% compared to the prior year period and a quarterly record – – system solutions revenue of $91.3 million, nearly double the prior year period and representing 87% of first quarter revenue – – gross margin of 45.9%, expanding 720 bps over the prior year period – – backlog and awarded orders of $527.5 million, up 75% compared to the prior year period – – raising 2023 outlook – portland, tenn., may 08, 2023 (globe newswire) -- shoals technologies group, inc. (“shoals” or the “company”) (nasdaq: shls), a leading provider of electrical balance of system (“ebos”) solutions for solar, battery storage, and electric vehicle charging infrastructure, today announced results for its first quarter ended march 31, 2023.
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