Overview

* Shoals Q2 revenue rises 11.7% to $110.8 mln, beating analyst expectations

* Adjusted EPS for Q2 beats estimates, reaching $0.10

* Co reports record backlog and awarded orders of $671.3 mln

* Shoals raises full-year 2025 revenue outlook, citing strong demand

Outlook

* Shoals expects Q3 revenue between $125 mln and $135 mln

* Company projects full-year 2025 revenue of $450 mln to $470 mln

* Shoals forecasts Q3 adjusted EBITDA of $30 mln to $35 mln

* Company anticipates full-year 2025 adjusted EBITDA of $100 mln to $115 mln

Result Drivers

* STRONG DEMAND - Revenue growth driven by strong demand for products and increased project volumes

* STRATEGIC INITIATIVES - Growth attributed to strategic initiatives in core domestic utility markets

* BACKLOG INCREASE - Record backlog and awarded orders reflect consistent demand and international market growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $110.80 $104.60

Revenue mln mln (16

Analysts

)

Q2 Beat $0.1 $0.08

Adjusted (16

EPS Analysts

)

Q2 $16.90

Adjusted mln

Net

Income

Q2 $24.50

Adjusted mln

EBITDA

Q2 Gross 37.2%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the electrical components & equipment peer group is "buy"

* Wall Street's median 12-month price target for Shoals Technologies Group Inc ( SHLS ) is $7.00, about 23.1% above its August 4 closing price of $5.38

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)