Shoals Technologies Group reported record Q3 revenue of $135.8 million, reflecting a robust 32.9% year-over-year growth, driven by a strong backlog and a positive demand environment for solar energy.
- New orders totaled $185.4 million, resulting in a backlog of $720.9 million, a 21% year-over-year increase.
- Adjusted EBITDA reached $32 million, or 23.5% of revenue, indicating effective cost management and strong operational performance.
- The company slightly increased its full-year revenue growth forecast to 17%-20%, signaling sustained momentum into 2026.
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