Shoals Sees Combined Company’s 2027 Revenue at $2.2 Billion-$2.4 Billion After ARRAY Merger

• Shoals expects its proposed merger with ARRAY to create a combined company generating preliminary 2027 revenue of $2.2 billion to $2.4 billion.
• Combined adjusted EBITDA is estimated at $410 million to $480 million, including first-year synergies.
• Annual adjusted EBITDA synergies are expected to exceed $100 million within three years of closing.
• Net debt to adjusted EBITDA is projected below 2 times by year-end 2027, versus 2.6 times at year-end 2026.
• The stock-for-stock merger is expected to close in the first quarter of 2027, subject to shareholder and regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shoals Technologies Group Inc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611040700PRIMZONEFULLFEED9870019) on November 04, 2026, and is solely responsible for the information contained therein.