Inferra AI / Company / SHLS
Shoals Technologies Group, Inc.
SHLS · Industrials
Last earnings Aug 4, 2026
Key results
Quarterly revenuequarter
$110.8 million
Quarterly Revenue of $110.8 million, an increase of 11.7% year over year
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Gross marginquarter
37.2%
Gross Margin of 37.2% Operating Profit of $16.0 million Adjusted EBITDA 1 of $24.5 million Backlog and Awarded Orders at Record Level of $671.3 million Provides Third Quarter and
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Revenuequarter
11.7%
1 Second Quarter 2025 Financial Results Revenue increased 11.7%, to $110.8 million, compared to $99.2 million for the prior-year period, driven by strong underlying demand of products and an increase in volume of projects in the current year.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Gross profit as a percentage of revenue was 37.2% compared to 40.3% in the prior-year period.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Net incomequarter
$13.9 million
Net income was $13.9 million compared to $11.8 million during the prior-year period.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Adjusted net incomequarter
$16.9 million
Adjusted net income 1 was $16.9 million compared to $17.8 million during the prior-year period.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Adjusted EPSquarter
$0.10
Adjusted diluted earnings per share 1 were $0.10 compared to $0.10 in the prior-year period.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
EPSquarter
$ 0.08
Earnings per share of Class A common stock Basic $ 0.08 $
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
AI analysis
Q2 2025 · reported Aug 5, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Diluted EPS — GAAP
Per diluted share, as stated
EX-99 · Aug 5, 2025 EPS values as stated in the release.
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Aug 5, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Quarterly revenue | $110.8 million | — | — |
| Gross margin | 37.2% | — | — |
| Revenue | 11.7% | — | — |
| Net income | $13.9 million | — | $11.8 million |
| Adjusted net income | $16.9 million | — | $17.8 million |
| Adjusted EPS | $0.10 | — | $0.10 |
| EPS | $ 0.08 | — | — |
Guidance · company-stated
Direction: Raised
“Reports Financial Results for Second Quarter 2025 Quarterly Revenue of $110.8 million, an increase of 11.7% year over year Gross Margin of 37.2% Operating Profit of $16.0 million Adjusted EBITDA 1 of $24.5 million Backlog and Awarded Orders at Record Level of $671.3 million Provides Third Quarter and Increases Full Year 2025 Revenue Outlook PORTLAND, TN.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
Among other limitations, Adjusted Gross Profit, Adjusted Gross Profit Percentage, Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS do not reflect our cash expenditures, or future requirements for capital expenditures or contractual commitments do not reflect the impact of certain cash charges resulting from matters we consider not to be indicative of our ongoing operations and may be calculated by other companies in our industry differently than we do or not at all, which may limit their usefulness as comparative measures.
The maturity date applicable to the Revolving Credit Facility is March 19, 2029.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue 0.0% computed from stated figures
Event summary
Our strategy of accelerating growth within our core domestic utility scale markets is yielding results
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Revenue: “Reports Financial Results for Second Quarter 2025 Quarterly Revenue of $110.8 million, an increase of 11.7% year over year Gross Margin of 37.2% Operating Profit of $16.0 million Adjusted EBITDA 1 of $24.5 million Backlog and Awarded Orders at Record Level of $671.3 million Provides Third Quarter and Increases Full Year 2025 Revenue Outlook PORTLAND, TN.”
Revenue — Raised (“increase”)
“Reports Financial Results for Second Quarter 2025 Quarterly Revenue of $110.8 million, an increase of 11.7% year over year Gross Margin of 37.2% Operating Profit of $16.0 million Adjusted EBITDA 1 of $24.5 million Backlog and Awarded Orders at Record Level of $671.3 million Provides Third Quarter and Increases Full Year 2025 Revenue Outlook PORTLAND, TN.”
Revenue — Raised (“increase”)
“As such, I m pleased to increase our revenue guidance for the full year 2025, added Mr.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Among other limitations, Adjusted Gross Profit, Adjusted Gross Profit Percentage, Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS do not reflect our cash expenditures, or future requirements for capital expenditures or contractual commitments do not reflect the impact of certain cash charges resulting from matters we consider not to be indicative of our ongoing operations and may be calculated by other companies in our industry differently than we do or not at all, which may limit their usefulness as comparative measures.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
The maturity date applicable to the Revolving Credit Facility is March 19, 2029.
SEC original ↗Shoals Technologies Group, Inc. — 10-Q Quarterly report10-QAug 4, 2026
The Revolving Credit Facility bears interest at a rate equal to, at the Company s election, either adjusted term SOFR or base rate (each, as defined in the Senior Secured Credit Agreement) plus an applicable interest rate margin, based upon the consolidated first lien secured leverage ratio.
SEC original ↗Shoals Technologies Group, Inc. — 10-Q Quarterly report10-QAug 4, 2026
As of June 30, 2026, the interest rate on the Revolving Credit Facility ranged from 6.75 % to 6.84 %, which represented SOFR plus 3.00 %.
SEC original ↗Shoals Technologies Group, Inc. — 10-Q Quarterly report10-QAug 4, 2026
As of June 30, 2026, there were $ 196.8 million of outstanding borrowings, $ 1.8 million of outstanding letters of credit, and $ 51.4 million of availability under the Revolving Credit Facility.
SEC original ↗Shoals Technologies Group, Inc. — 10-Q Quarterly report10-QAug 4, 2026
As discussed above, the Revolving Credit Facility also includes a consolidated leverage ratio financial covenant that is tested on the last day of each fiscal quarter.
SEC original ↗Shoals Technologies Group, Inc. — 10-Q Quarterly report10-QAug 4, 2026
Strategy & priorities
Our strategy of accelerating growth within our core domestic utility scale markets is yielding results.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
We continue to be very encouraged by the traction we are seeing within our four growth initiatives, which are providing exposure to new markets, customers, and applications for Shoals, said Brandon Moss, CEO of Shoals.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
The decline from the prior-year period was driven by strategic pricing actions, volume discounts, customer and product mix.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
In addition, we use Adjusted Gross Profit, Adjusted Gross Profit Percentage, Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS (i) as factors in evaluating management s performance when determining incentive compensation, as applicable (ii) to evaluate the effectiveness of our business strategies and (iii) because our credit agreement uses measures similar to Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS to measure our compliance with certain covenants.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
iv Table of Contents We have modified, and in the future may modify, our business strategy to abandon lines of business or implement new lines of business.
SEC original ↗Shoals Technologies Group, Inc. — 10-Q Quarterly report10-QAug 4, 2026
Risks & headwinds
Our experienced and sophisticated customers are capable of navigating the uncertainty, and remain committed to their project timelines for the coming years.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
The increase in general and administrative expenses was the result of a $3.0 million increase in legal expenses for ongoing matters related to wire insulation shrinkback, intellectual property, and shareholder litigation matters.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
The inability to provide a quantitative reconciliation is due to the uncertainty and inherent difficulty in predicting the occurrence, the financial impact and the periods in which the components of the applicable GAAP measures and non-GAAP adjustments may be recognized.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Given these uncertainties, you should not place undue reliance on forward-looking statements.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
We define Adjusted EBITDA as net income plus (minus) (i) interest expense, (ii) interest income, (iii) income tax expense, (iv) depreciation expense, (v) amortization of intangibles, (vi) equity-based compensation, (vii) gain on sale of assets (viii) wire insulation shrinkback expenses, and (ix) wire insulation shrinkback litigation expenses.
SEC original ↗Shoals Technologies Group, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documentsEarnings releases
12 documentsPresentations
0 documentsNo presentations for Shoals Technologies Group, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Shoals Technologies Group, Inc. are held in this edition of the library.
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