Core Insights - Shoals Technologies Group, Inc. reported record quarterly revenue of $135.8 million, marking a 32.9% increase year over year [1][4] - The company achieved a gross margin of 37.0% and an operating profit of $18.7 million [1][7] - Adjusted EBITDA for the quarter was $32.0 million, up from $24.5 million in the prior year [1][7] - The backlog and awarded orders reached a record $720.9 million, reflecting a 21.0% increase compared to the previous year [1][10] Financial Performance - Revenue increased to $135.8 million from $102.2 million in the prior-year period, driven by strong demand and market share initiatives [4] - Gross profit rose to $50.3 million, with a gross profit percentage of 37.0%, compared to 24.8% in the prior-year period [5][33] - General and administrative expenses increased to $29.4 million, primarily due to legal expenses and incentive compensation [6] - Net income was reported at $11.9 million, compared to a loss of $0.3 million in the prior-year period, with earnings per share of $0.07 [7][29] Backlog and Orders - The backlog and awarded orders as of September 30, 2025, were $720.9 million, indicating a 21.0% year-over-year increase and a 7.4% sequential increase from June 30, 2025 [9][10] - International markets contributed over 11.5% to the backlog and awarded orders, showcasing growth in these areas [10] Outlook - The company provided a revenue outlook for the fourth quarter of 2025, expecting revenue in the range of $140.0 million to $150.0 million and adjusted EBITDA between $35.0 million and $40.0 million [16] - For the full year 2025, revenue is expected to be between $467.0 million and $477.0 million, with adjusted EBITDA projected at $105.0 million to $110.0 million [16]