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

– quarterly revenue of $130.4 million, up 38% year-over-year – – gross margin of 42.5% – – net income of $16.6 million – – adjusted ebitda of $39.1 million – – backlog and awarded orders increased 47% year-over-year to $631.3 million – – provides first quarter and full year 2024 outlook – portland, tenn., feb. 28, 2024 (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 fourth quarter ended december 31, 2023.
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