Shoals Technologies Group, Inc. · NASDAQ:SHLS

Shoals Technologies — Q2 2026 Earnings Presentation

15 slides from Shoals Technologies's earnings presentation, Aug 4, 2026

1. Slide 1: Q2 Earnings Report

   Q2 Earnings Report August 2026

2. Slide 2: Disclaimer

   Disclaimer GroupGroup Forward-Looking Statements Shoals Technologies This presentation contains forward-looking statements. All statements other than statements of historical fact are “forward-looking © 2025 Technologies statements” for purposes of federal and state securities laws. Words, and varia

3. Slide 3: Quarterly Highlights

   Q2 2026 QUARTERLY HIGHLIGHTS © 2026 Shoals Technologies Group $163M $31.6M $801M 1.3 Adjusted Backlog & Revenue Book-to-Bill EBITDA1 Awarded Orders 3 3 A company record Within our Q2 2026 A company record Strong demand for guidance range Shoals products, Q2 Earnings Report and within our Q2 BLAO & $

4. Slide 4: Business Unit Highlights

   Q2 2026 BUSINESS UNIT HIGHLIGHTS © 2026 Shoals Technologies Group PowerHub Units Ready to Ship TM MEGA Plant Opening 4 4 Q2 Earnings Report Shoals MEGA Production

5. Slide 5: Second Quarter Financial Snapshot

   Second Quarter Financial Snapshot © 2026 Shoals Technologies Group $ Change % Change $163.4M 30.6% $ Thousands Q2 2026 Q2 2025 YoY YoY (except for EPS) Revenue $ 163,372 $ 110,841 $ 52,531 47.4% Q2 Revenue Q2 Adjusted Cost of Goods Sold 113,847 69,639 44,208 63.5% Gross Profit %1 Gross Profit 49,525

6. Slide 6: Debt & Liquidity

   Debt & Liquidity Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 © 2026 Shoals Technologies Group Cash & Cash Equivalents $4.7 $8.6 $7.3 $1.9 $15.7 Total Long-term Debt $131.8 $126.8 $136.8 $181.8 $196.8 Less: Cash & Cash Equivalents $4.7 $8.6 $7.3 $1.9 $15.7 Net Debt1 $127.1 $118.2 $129.4 $179.9 $181.1 Adj

7. Slide 7: Backlog & Awarded Orders

   Backlog & Awarded Orders © 2026 Shoals Technologies Group $ millions $801.4M As of June 30, 2026 in record backlog & awarded orders +19% YoY $425.1M As of June 30, 2026 in record backlog $699.7M 7 7 to deliver in Forward Four Quarters Q2 Earnings Report $101.7M Beyond Q2 2027 Shoals

8. Slide 8: Financial Outlook

   Financial Outlook 2026 © 2026 Shoals Technologies Group Q3 2026 Revenue $150-170M Full year expectations: (18% YoY Growth at Midpoint) $600-640M $118-132M 2026 Full Yr Revenue 2026 Adj. EBITDA1 (30% YoY Growth at Midpoint) (26% YoY Growth at Midpoint) $65-85M $20-30M 2026 Full Yr 2026 Capital Operat

9. Slide 9: Management closing remarks and Q&A

   © 2026 Shoals Technologies Group “ Overall, the quarter played out as anticipated, and the year is tracking to our expectations. We are executing well, have finished the move into our new facility, and are expanding capacity and capabilities at a measured pace. Underlying demand remains intact and o

10. Slide 10: Appendix

    Appendix Shoals Q2 Earnings Report 10 © 2026 Shoals Technologies Group 10

11. Slide 11: Non-GAAP Reconciliations, Adjusted Gross Profit

    Non-GAAP Reconciliations, Adjusted Gross Profit Adjusted Gross Profit Three Months Ended June 30, Six Months Ended June 30, © 2026 Shoals Technologies Group 2026 2025 2026 2025 Revenue $ 163,372 $ 110,841 $ 303,929 $ 191,202 Cost of revenue 113,847 69,639 213,394 121,860 Gross profit $ 49,525 $ 41,2

12. Slide 12: Non-GAAP Reconciliations, Adjusted EBITDA

    Non-GAAP Reconciliations, Adjusted EBITDA Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 © 2026 Shoals Technologies Group Net income $ 12,138 $ 13,855 $ 11,841 $ 13,573 Interest expense 3,474 2,236 6,377 4,651 Interest income (268) (76) (327) (194) Income t

13. Slide 13: Non-GAAP Reconciliations, Adjusted Net Income

    Non-GAAP Reconciliations, Adjusted Net Income Adjusted Net Income Three Months Ended June 30, Six Months Ended June 30, © 2026 Shoals Technologies Group 2026 2025 2026 2025 Net income $ 12,138 $ 13,855 $ 11,841 $ 13,573 Amortization of intangibles 1,891 1,896 3,793 3,792 Amortization / write-off of

14. Slide 14: Non-GAAP Reconciliations, Adjusted Diluted EPS

    Non-GAAP Reconciliations, Adjusted Diluted EPS Adjusted Diluted EPS Three Months Ended June 30, Six Months Ended June 30, © 2026 Shoals Technologies Group 2026 2025 2026 2025 Diluted weighted average shares outstanding 170,023 167,562 169,893 167,238 Adjusted Net Income $ 19,733 $ 17,087 $ 31,728 $

15. Slide 15: Thank You!

    © 2026 Shoals Technologies Group 15 15 Q2 Earnings Report THANK YOU! Please reach out to investors@shoals.com with any further questions. Shoals

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