Brief: Shoals Technologies Group Inc Reports Financial Results For Third Quarter 2022

Shoals Technologies

14/11/2022 21:42

Nov 14 (Reuters) - Shoals Technologies Group Inc
 SHLS.O :
    * SHOALS TECHNOLOGIES GROUP, INC. REPORTS FINANCIAL RESULTS
FOR
THIRD QUARTER 2022
    * Q3 REVENUE ROSE 52 PERCENT TO $90.8 MILLION
    * Q3 EARNINGS PER SHARE $0.07
    * Q3 ADJUSTED EARNINGS PER SHARE $0.10
    * Q3 EARNINGS PER SHARE VIEW $0.08, REVENUE VIEW $83.1
MILLION --
REFINITIV IBES DATA
    * RAISING LOW END OF 2022 OUTLOOK TO REFLECT RECENT
PERFORMANCE
AND IMPROVING BUSINESS CONDITIONS
    * SEES FY REVENUE TO BE IN RANGE OF $310 MILLION TO $325
MILLION
    * SEES FY ADJUSTED NET INCOME TO BE IN RANGE OF $48 MILLION
TO $53
MILLION
    * FY2022 EARNINGS PER SHARE VIEW $0.30, REVENUE VIEW $312.7
MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX4xTtLX 
Further company coverage:  SHLS.O 
 ((Reuters.Briefs@thomsonreuters.com;))