CORRECTED PRESS RELEASE: Shoals Technologies Group, Inc. Reports Financial Results for Fourth Quarter 2025

Core Viewpoint - Shoals Technologies Group, Inc. reported record financial results for the fourth quarter and full year 2025, highlighting strong demand in the energy transition market and a robust order backlog, while also providing an optimistic outlook for 2026 [2][3][5]. Financial Performance - Fourth quarter revenue reached $148.3 million, a 39% increase from $107.0 million in the same quarter of the previous year [6]. - The company achieved a quarterly operating profit of $17.4 million, compared to $16.5 million in the prior-year period [9]. - Net income for the fourth quarter was $8.1 million, slightly up from $7.8 million year-over-year [10]. - Adjusted EBITDA for the fourth quarter increased to $30.3 million from $26.4 million in the prior year [10]. Annual Results - For the full year 2025, revenue increased by 19% to $475.3 million, up from $399.2 million in 2024 [12]. - Gross profit for the year was $166.5 million, with a gross profit margin of 35.0%, down from 35.6% in the previous year [13]. - Net income for the full year was $33.6 million, compared to $24.1 million in 2024 [15]. - Adjusted net income increased by 3% to $60.6 million compared to $58.5 million in the prior year [17]. Backlog and Orders - The backlog and awarded orders as of December 31, 2025, were $747.6 million, reflecting a 17.8% increase year-over-year and a 3.7% increase from the previous quarter [18]. - The backlog growth indicates continued demand for the company's solar products, particularly in new domestic and international markets [18]. Outlook for 2026 - The company expects revenue for the first quarter of 2026 to be in the range of $125 million to $135 million and for the full year 2026 to be between $560 million and $600 million [23]. - Adjusted EBITDA for the full year 2026 is projected to be between $110 million and $130 million [23]. - The company enters 2026 with a strong order book and anticipates continued growth driven by strategic investments and market demand [5].