Shoals Technologies Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 119.21 million compared to USD 73.49 million a year ago. Net income was USD 18.92 million compared to USD 4.4 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.04 a year ago.
For the six months, sales was USD 224.29 million compared to USD 141.47 million a year ago. Net income was USD 33.22 million compared to USD 7.04 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 0.06 a year ago.