Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2026
Key Highlights
- ➤Revenue $195.3 million, up 43.8% year over year
- ➤Adjusted EBITDA $39.8 million, versus $32.2 million prior year
- ➤Backlog and awarded orders $791.7 million, up 9.8% year over year
- ➤Shoals enters merger agreement with ARRAY Technologies, Inc.
- ➤Full-year revenue outlook raised to $665 million-$685 million
Expert Statements
Brandon Moss, CEO of Shoals Technologies Group, Inc.
“We’re very pleased with our strong results in the period, as productivity improvements drove both quarterly revenue and Adjusted EBITDA above our expected range. We remain focused on making meaningful operational improvements as we finish 2026 on a strong note. The long-term health of the market remains robust and we’re well positioned to continue the momentum into 2027 and beyond”
Brandon Moss, CEO of Shoals Technologies Group, Inc.
“Our strategy is working — and the results prove it. With the move into our new facility complete, our focus today is on the customer; delivering quality solutions, on time, with market-leading customer service. With an unmatched market position, world-class manufacturing, and a breakthrough innovation pipeline, we are built for what's ahead and excited about the opportunities in front of us”
PORTLAND, Tenn., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, today announced results for its third quarter ended September 30, 2026.
“We’re very pleased with our strong results in the period, as productivity improvements drove both quarterly revenue and Adjusted EBITDA above our expected range. We remain focused on making meaningful operational improvements as we finish 2026 on a strong note. The long-term health of the market remains robust and we’re well positioned to continue the momentum into 2027 and beyond,” said Brandon Moss, CEO of Shoals.
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