Shoals Technologies Group reported record quarterly revenue of $148.3 million, with operating profit at $17.4 million, net income at $8.1 million, and adjusted EBITDA at $30.3 million. The company also achieved a record backlog and awarded orders of $747.6 million. CEO Brandon Moss expressed optimism for the future based on strong financial results and strategic planning. The company’s revenue for the full year 2025 increased by 19% to $475.3 million, with gross profit of $166.5 million. Looking ahead, Shoals expects first quarter 2026 revenue between $125 million to $135 million and full year 2026 revenue between $560 million to $600 million, with adjusted EBITDA between $110 million to $130 million. The company’s non-GAAP financial measures showed improved performance, with adjusted net income increasing to $60.6 million and adjusted diluted earnings per share at $0.36. These results were achieved despite challenges in the solar energy market and ongoing legal matters.
Read more at GlobeNewswire: CORRECTED PRESS RELEASE: Shoals Technologies Group, Inc.
