Shoals Technologies Group (SHLS) Corporate presentation summary

Company overview and market positioning

• Leading provider of electrical balance of systems (EBOS) for utility-scale, commercial, and industrial solar and energy storage projects, with over 80 GW under contract or operating globally.

• Strong focus on innovation, quality, and U.S. manufacturing, with a new Tennessee facility opening in 2026 and over 60 patents issued or pending.

• Deep relationships with major EPCs, developers, and utilities, serving as the central nervous system of solar fields.

• Consultative engineering and custom solutions create long-term customer value and operational efficiency.

• Positioned to benefit from global trends: rising electricity demand, AI-driven data center growth, and the shift to renewables.

Product innovation and differentiation

• Customizable plug & play EBOS solutions reduce materials, labor, and maintenance, enhancing project ROI.

• Patented BLA trunk bus system simplifies wiring, reduces failure points, and enables above-ground installation.

• Prefabricated components and wireless communication protocols (LoRa) optimize performance and speed installation.

• Product portfolio includes harnesses, transition boxes, combiners, disconnects, and junction boxes designed for efficiency and durability.

• Expanding into battery energy storage, data centers, and community/commercial/industrial markets.

Financial performance and outlook

• Q2 2026 revenue reached $163M, up 47% YoY, with adjusted EBITDA of $31.6M and adjusted net income of $19.7M.

• Gross profit margin declined to 30.3% from 37.2% YoY, but adjusted gross profit margin was 30.6%.

• Record backlog and awarded orders at $801M as of June 30, 2026, with $700M scheduled for delivery in the next four quarters.

• Net debt stood at $181.1M, with a net debt-to-adjusted EBITDA ratio of 1.6x and total liquidity of $67.2M.

• 2026 full-year guidance: revenue $600–640M (30% YoY growth), adjusted EBITDA $118–132M, operating cash flow $65–85M, and capex $20–30M.