Shoals Technologies (SHLS) Q2 2026 Earnings Call Transcript

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DATE

Tuesday, Aug. 4, 2026 astatine 8:00 a.m. ET

CALL PARTICIPANTS

• Vice President of Finance and Investor Relations - Matthew Tractenberg

• Chief Executive Officer - Brandon Moss

• Chief Financial Officer - Dominic Bardos

Full Conference Call Transcript

Operator: Good morning, and invited to the Shoals Technologies Group Second Quarter 2026 Earnings Conference Call. Today's telephone is being recorded, and we person allocated 1 hr for prepared remarks and Q&A. At this time, I would similar to crook the league implicit to Matt Tractenberg, Vice President of Finance and Investor Relations for Shoals Technologies Group. Thank you. You whitethorn begin.

Matthew Tractenberg: Thank you, Warren, and convey you, everyone, for joining america today. Hosting the telephone with maine is our CEO, Brandon Moss; and our CFO, Dominic Bardos. On this call, absorption volition beryllium making projections oregon different forward-looking statements based connected existent expectations and assumptions, which are taxable to risks and uncertainties and should not beryllium considered guarantees of show oregon results. Actual results could disagree materially. Those risks and uncertainties are listed for investors successful our astir caller SEC filings. Today's presumption besides includes references to non-GAAP fiscal measures. You should notation to the accusation contained successful the company's 2nd 4th property merchandise for definitional accusation and reconciliations of humanities non-GAAP measures to the nearest comparable GAAP fiscal measures.

Please enactment that the slides you spot present are disposable for download from the Investor Relations conception of our website astatine investors.shoals.com. With that, fto maine crook the telephone implicit to Brandon.

Brandon Moss: Thank you, Matt, and acknowledgment to everyone joining america connected the call. Second 4th gross was wrong our guided scope astatine $163 million, up 47% implicit the anterior twelvemonth period. Our commercialized squad continued their beardown show by adding astir $207 cardinal of caller orders successful the period, resulting successful a coagulated book-to-bill of 1.3. This drove different institution grounds backlog and awarded orders oregon BLAO of $801 million, an summation of 19% year-over-year. As of 4th end, astir $700 cardinal of our BLAO has shipment dates successful the upcoming 4 quarters done Q2 of 2027. Second 4th adjusted gross nett percent was besides wrong our expected scope astatine 30.6%.

We expect to proceed making advancement successful borderline betterment driven by affirmative premix and productivity gains and supported by the beardown underlying request environment. SG&A, including each ineligible expense, was $28 million, representing 17% of revenue, a 400 ground constituent diminution arsenic compared to 21% past year. Second 4th adjusted EBITDA of $31.6 cardinal came successful wrong our guided scope and grew astir 28% year-over-year. As you've seen, we besides prevailed successful our 2025 ITC lawsuit against Voltage, this was a captious result for our shareholders and U.S. innovation successful general. We look guardant to resolving the substance of damages successful our upcoming territory tribunal case.