Toyo co., ltd updates on 2024 performance, announces preliminary guidance for 2025

Tokyo , nov. 18, 2024 /prnewswire/ -- toyo co., ltd (nasdaq: toyo) ("toyo" or the "company"), a solar solution company, today provided an update on its anticipated business performance for the full year 2024, and announced preliminary guidance for 2025, reflecting the company's ongoing commitment to growth and innovation in the renewable energy sector.   2024 performance updates: projected shipments: cell shipments are expected to reach 1.7-1.8 gw in 2024, representing a slight decrease from the previously announced 1.9 gw annual target, mainly due to reduced delivery to u.s customers affected by anti-dumping and countervailing duty investigations by the u.s. department of commerce and international trade commission expected net income: the company expects to achieve net income of approximately $10 million in 2024.
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