Shoals Technologies Group Q2 Earnings Call Highlights

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MarketBeat

Tue, August 4, 2026 astatine 8:04 AM CDT 7 min read

Key Points

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Strong maturation and grounds demand: Q2 2026 gross roseate 47% twelvemonth implicit twelvemonth to $163.4 million, supported by utility-scale star and BESS demand. New orders totaled astir $207 million, lifting backlog and awarded orders to a grounds $801 million.
Profitability improved contempt little GAAP nett income: Adjusted EBITDA accrued 27.9% to $31.6 million, portion adjusted nett income roseate 15% to $19.7 million. Shoals expects borderline gains from merchandise mix, productivity improvements and mill consolidation, with inventory investments expected to enactment second-half currency generation.
2026 outlook reaffirmed: Management maintained full-year gross guidance of $600 cardinal to $640 cardinal and adjusted EBITDA guidance of $118 cardinal to $132 million. The institution besides highlighted aboriginal maturation opportunities successful long-duration retention done its TerraFlow concern and successful data-center powerfulness transportation done its AirLink product.

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Shoals Technologies Group (NASDAQ:SHLS) reported second-quarter 2026 gross of $163.4 million, up 47% from the prior-year period, arsenic request from its U.S. utility-scale star customers and artillery vigor retention system, oregon BESS, concern supported growth. The institution said results were wrong its antecedently guided scope and reaffirmed its full-year outlook.

CEO Brandon Moss said the institution added astir $207 cardinal successful caller orders during the quarter, producing a book-to-bill ratio of 1.3. Backlog and awarded orders, which Shoals refers to arsenic BLAO, reached a institution grounds of $801 million, up 19% twelvemonth implicit year. Of that total, astir $699.7 cardinal has planned transportation dates implicit the adjacent 4 quarters done the 2nd 4th of 2027.

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"The U.S. marketplace continues to beryllium robust," Moss said, adding that the institution is focused connected improving productivity arsenic it expands capableness astatine its caller installation successful Portland, Tennessee.

Profitability and Cash Position

Gross nett accrued 20% twelvemonth implicit twelvemonth to $49.5 million. GAAP gross borderline was 30.3%, portion adjusted gross borderline was 30.6%. Shoals said it expects further borderline betterment from favorable merchandise mix, productivity gains and efficiencies from its mill consolidation.

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