Shoals Technologies Group reported third-quarter revenue of $195.3 million, a 43.8% increase from the prior-year period, driven by strong demand for electrical infrastructure solutions. Income from operations rose to $29.0 million, with net income reaching $17.9 million and adjusted EBITDA at $39.8 million. The company raised its full-year revenue guidance to a range of $665 million to $685 million and adjusted EBITDA guidance to $129 million to $133 million, citing productivity improvements and market share gains. Shoals operates in the energy transition industry, manufacturing advanced electrical infrastructure solutions for utility-scale solar, battery storage, and data center power systems.
