Shoals Technologies Group, Inc. ( (SHLS) ) has released its Q3 earnings. Here is a breakdown of the information Shoals Technologies Group, Inc. presented to its investors.
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Shoals Technologies Group, Inc. is a prominent provider of electrical balance of system solutions and components, specializing in the global energy transition market with a focus on solar energy systems. The company recently reported its financial results for the third quarter of 2025, showcasing a record quarterly revenue of $135.8 million, marking a 32.9% increase from the previous year. The company also achieved a gross margin of 37.0% and an operating profit of $18.7 million, alongside an adjusted EBITDA of $32.0 million.
Key highlights from the report include a significant increase in backlog and awarded orders, reaching $720.9 million, reflecting a 21.0% growth compared to the previous year. This growth is attributed to strong demand for Shoals’ innovative products and market share capture initiatives. The company’s net income for the quarter was $11.9 million, a substantial improvement from a loss in the same period last year, with earnings per share rising to $0.07.
The company has also provided an optimistic outlook for the fourth quarter and full year of 2025, expecting revenue between $140.0 million and $150.0 million for the fourth quarter and between $467.0 million and $477.0 million for the full year. Adjusted EBITDA is projected to range from $35.0 million to $40.0 million for the fourth quarter and $105.0 million to $110.0 million for the full year.
Looking ahead, Shoals Technologies Group remains focused on accelerating growth within its core domestic utility-scale solar market and expanding into new high-growth applications. The company is well-positioned to meet strong customer demand with its new state-of-the-art production facility, aiming to capitalize on the long-term investment cycle in new power generation driven by increased energy consumption.