Shoals Technologies (US:SHLS)2025-11-04 13:00Financial Performance - Revenue for Q3 2025 reached $135.8 million[9], a 32.9% increase compared to $102.165 million in Q3 2024[31] - Adjusted EBITDA for Q3 2025 was $32.0 million[9], within the guidance range[9], and a 30.3% increase from $24.533 million in Q3 2024[31] - Adjusted diluted EPS for Q3 2025 increased 49.5% year-over-year to $0.12[32] from $0.08 in Q3 2024[31] - The company's backlog and awarded orders reached a record $720.9 million[9], with $574.8 million[39] scheduled for delivery in the next four quarters[9] Market and Growth Opportunities - The company's quote volume exceeded $900 million during Q3 2025[15] - The company's international pipeline exceeds 20GW, including projects in Latin America, EMEA, and Asia Pacific[20] - The domestic market opportunity for Battery Energy Storage Systems (BESS) is substantially larger than traditional Solar & Storage[27] Financial Outlook - The company anticipates Q4 2025 revenue to be between $140 million and $150 million[40] - The company projects Q4 2025 adjusted EBITDA to be between $35 million and $40 million[40]