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

– record quarterly revenue of $119.2 million, up 62% year-over-year – – system solutions revenue grew 80% year-over-year to $102.1 million, representing 86% of second quarter revenue – – gross margin expanded 350 bps year-over-year to 42.4% – – signed landmark 10 gigawatt master supply agreement with blattner company – – backlog and awarded orders increased 67% year-over-year to $546.1 million – portland, tenn., aug. 01, 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 second quarter ended june 30, 2023.
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