Shoals Technologies Group, Inc. SHLS Wire Harness — Provision for warranty expense
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Where this comes from
Reported directly by Shoals Technologies Group, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ProductWarrantyExpense.
The source filing: Shoals Technologies Group, Inc.’s 10-Q, filed May 5, 2026.
- Filed
- May 5, 2026, 7:48 AM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001831651-26-000083
The Company was notified by certain customers that a subset of wire harnesses used in its EBOS solutions has presented unacceptable levels of contraction of wire insulation (“wire insulation shrinkback”). Based upon the Company’s assessment, the Company currently believes the wire insulation shrinkback is related to defective wire manufactured by Prysmian Cables and Systems USA, LLC (“Prysmian”). Based on the Company’s continued analysis of information available as of the date of this Quarterly Report, the Company determined that a loss was both probable and reasonably estimable. For the period ended March 31, 2025, the Company disclosed a range of potential loss from $73.0 million to $160.0 million. The Company recorded no warranty expense related to this matter for the three months ended March 31, 2025.
Item 1. Financial Statements (Unaudited).
FAQ
- What is Shoals Technologies Group, Inc.'s wire harness — provision for warranty expense?
- Shoals Technologies Group, Inc. (SHLS) reported wire harness — provision for warranty expense of $0 in Q1 2026.
- What does wire harness — provision for warranty expense mean?
- The periodic charge to the income statement to account for anticipated future warranty claims associated with wire harness products sold. This reflects management's current assessment of product reliability and the cost of honoring warranty obligations.
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