Shoals Technologies Group, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18
	10-K	10-K	10-K	10-K	10-K
Revenues:
Solar components				70.3
System solutions				74.2
Total revenues	326.9	213.2	175.5	144.5	103.8
Revenue growth	53.3%	21.5%	21.5%	39.3%
Cost of goods sold	195.6	130.6	109.0	100.3	75.6
Gross profit	131.3	82.6	66.5	44.2	28.2
Gross margin	40.2%	38.8%	37.9%	30.6%	27.1%
Selling, general and administrative [+]	55.9	37.9	21.0	9.1	8.9
General and administrative	55.9	37.9	21.0	9.1	8.9
Other operating expenses					8.2
EBITDA [+]	76.8	46.3	46.7	36.1	20.1
EBITDA growth	66.0%	-0.8%	29.3%	79.8%
EBITDA margin	23.5%	21.7%	26.6%	25.0%	19.4%
Depreciation	1.8	1.7	1.4	1.2	9.0
EBITA	75.0	44.6	45.3	34.9	11.1
EBITA margin	22.9%	20.9%	25.8%	24.2%	10.7%
Amortization of intangibles	8.7	8.4	8.0	8.0
EBIT [+]	66.3	36.2	37.3	26.9	11.1
EBIT growth	83.1%	-2.8%	38.4%	142.9%
EBIT margin	20.3%	17.0%	21.2%	18.6%	10.7%
Interest expense	18.5	14.5	3.5	1.8	2.4
Interest expense	18.5	14.5	3.5	1.8	2.4
Other income (expense), net	104.2	-17.7
Pre-tax income	152.0	4.0	33.8	25.1	8.6
Income taxes	-9.0	-0.1	0.0	0.0	0.0
Tax rate			0.0%	0.0%	0.0%
Minority interest	15.4	1.6
Net income	136.6	2.4	33.8	25.1	8.6
Net margin	41.8%	1.1%	19.2%	17.4%	8.3%

Basic EPS [+]	$1.19	$0.02
Growth	4765.8%
Diluted EPS [+]	$0.81	$0.02
Growth	3223.4%

Dividends per share [+]	$0.07	$0.05
Growth	39.1%

Shares outstanding (basic) [+]	114.5	99.3
Growth	15.3%
Shares outstanding (diluted) [+]	167.6	99.3
Growth	68.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.