Shoals Technologies Group, Inc. Q1 2026 Earnings Call Summary
Yahoo Finance·2026-05-06 04:52
Revenue grew 75% year-over-year, driven by resilient demand in the core U.S. utility-scale solar market and a record backlog of $758 million. Adjusted gross margin of 29.6% was impacted by product mix shifts toward long-tail solutions, higher freight costs, and temporary labor inefficiencies during a major facility consolidation. Management moved over 250 pieces of equipment into a new facility within 60 days, and while this caused some disruption and lower margins in the first half of the year, the c ...