Shoals Technologies Q3 Revenue Rises 43.8% as Non-GAAP EPS Beats Estimates

Shoals Technologies Group, Inc. (SHLS) posted $195.3 million in third-quarter revenue, a 43.8% increase from the same period a year earlier.

Revenue rose from $135.8 million a year earlier and exceeded estimates by $33.3 million. Non-GAAP earnings per share was $0.14, beating estimates by $0.02. The measure calculates per-share earnings using the company’s non-GAAP methodology.