SHLS - Shoals Technologies Group, Inc. Reports Financial Results for Second Quarter 2026

On Tuesday, Shoals Technologies Gr (NASDAQ: SHLS ) discussed second-quarter financial results during its earnings call. The full transcript is provided below. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more. View the webcast at Summary Shoals Technologies Gr reported second quarter revenue of $163 million, a 47% increase year over year, driven by strong demand in the U.S. utility-scale solar market and growth in the BESS segment. The company recorded a book-to-bill ratio of 1.3 and a record backlog and awarded orders (BLAO) of $801 million, with $700 million expected to ship by the second quarter of 2027. Adjusted gross profit margin was 30.6%, with expectations for continued margin improvement supported by a positive mix and productivity gains. Adjusted EBITDA for the second quarter was $31.6 million, a 28% increase from the previous year, and the company maintained its full-year 2026 revenue guidance of $600 to $640 million. Shoals Technologies Gr prevailed in a 2025 ITC case against Voltage and is optimistic about the district court case for damages. The company is expanding its production capacity and operational capabilities, including a partnership with TerraFlow for energy storage solutions. Shoals is seeing significant growth in international markets, notably in Australia, and anticipates diversification in its business lines, including the introduction of its Airlink product. Despite increased net debt to $181.1 million, the company expects positive cash flow in the latter half of the year through reduced inventory levels and efficient operations. Management expressed confidence in the demand environment and strategic initiatives, highlighting the company's competitive position and growth prospects across core and new markets. Full Transcript IRC Matthew Tractenberg, Vice President, Finance & Investor Relations Of performance or results. Actual results could differ materially. Those risks and uncertainties are listed for investors in our most recent SEC filings. Today's presentation also includes references to non-GAAP financial measures. You should refer to the information contained in the company's second quarter press release for definitional information and reconciliations of historical non-GAAP measures to the nearest comparable GAAP financial measures. Please note that the slides you see here are available for download from the Investor Relations section of our website@investors.scholes.com. With that, let me turn the call over to Brandon. Brandon Moss, Chief Executive Officer Thank you, Matt, and thanks to everyone joining us on the call. Second quarter revenue was within our guided range at $163 million, up 47% over the prior year period. Our commercial team continued their strong performance by adding approximately $207 million of new orders in the period, resulting in a solid book-to-bill of 1.3. This drove another company record backlog and awarded orders, or BLAO, of $801 mil