SEC Form 424B3 filed by TOYO Co. Ltd
$TOYO
Miscellaneous manufacturing industries
Consumer Discretionary
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TOKYO, May 15, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced certain updates to its press release issued on April 28, 2025, announcing the Company's second half and fiscal year ended December 2024 financial results. The Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, was filed with the Securities and Exchange Commission ("SEC") on May 12, 2025. The operating expenses, general and administrative expenses, net income, and earnings per share for the fiscal year ended 2024 disclosed in the prior press release are updated and reflected in the audited financial statements as set forth below.
TOKYO, April 28, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its financial results for the second half and fiscal year ended December 2024. FY 2024 Highlights 1.743 GW shippedRevenues increased 184% to $177.0 million compared to $62.4 million in 2023Gross profit margin of 12.4% compared to 26.7% in 2023Net income of $40.9 million in 2024 compared to $9.9 million in 20232H2024 Highlights 758 MW shippedRevenues were $38.9 million compared to $62.4 million for the same period in the prior yearGross profit margin of -12.2% compared to 26.7% for the same period in the prior yearNet income of $21.3 million compared to net
TOKYO, April 22, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF) ("TOYO" or the "Company"), a solar solution company, has officially started production at its new facility in Ethiopia in early April 2025. The company is scheduled to deliver more than 80 MW of solar cells to customers by the end of April. Following the initial deliveries, TOYO plans to ramp up operations significantly. By May and June 2025, the new Ethiopian plant is expected to be fully operational, with a monthly production capacity of 150 to 200 MW. The company recently announced that it is expanding its nameplate capacity at this location to 4GW based on robust external customer demand and the internal needs
TOKYO, Oct. 10, 2024 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced Liang "Simon" Shi's appointment as the President. With a deep understanding of strategic investments in the renewable energy sector, Liang "Simon" Shi is poised to steer TOYO toward continued growth and industry leadership. He will divide his time between the U.S., Vietnam, and other regions where TOYO has operations and customers. TOYO's Chairman and CEO, Junsei Ryu, commented: "We have been immensely impressed by Simon's energy and passion for TOYO's business during the process of going public. He has made valuable contributions to shaping our corporate str
20-F - TOYO Co., Ltd (0001985273) (Filer)
6-K - TOYO Co., Ltd (0001985273) (Filer)
NT 20-F - TOYO Co., Ltd (0001985273) (Filer)
TOKYO, April 28, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its financial results for the second half and fiscal year ended December 2024. FY 2024 Highlights 1.743 GW shippedRevenues increased 184% to $177.0 million compared to $62.4 million in 2023Gross profit margin of 12.4% compared to 26.7% in 2023Net income of $40.9 million in 2024 compared to $9.9 million in 20232H2024 Highlights 758 MW shippedRevenues were $38.9 million compared to $62.4 million for the same period in the prior yearGross profit margin of -12.2% compared to 26.7% for the same period in the prior yearNet income of $21.3 million compared to net
TOKYO, April 21, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF), a solar solution company, today announced it will host a conference call to discuss second half and fiscal year 2024 results on Monday, April 28, 2025. Conference Call Details are as follow: Date: Monday, April 28, 2025 Time: 8:30 AM ET Live Webcast: https://events.q4inc.com/attendee/370740443 The second half and fiscal year 2024 earnings release and related investor deck will be available on the investor relations website at investors.toyo-solar.com prior to the event. The dial in numbers for the conference call will be as follows: Participant Toll-Free Dial-In Number: (800) 715-9871 Participant Toll Dial-In Nu
Move to accelerate TOYO's plans for "made-in-America" modules with 2.5 gigawatts initial capacityHOUSTON and TOKYO, Nov. 25, 2024 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced it has agreed to acquire 100% of membership interests in Solar Plus Technology Texas LLC("Solar Plus") located in Houston metropolitan area, Texas, via its subsidiary TOYO Solar LLC. Key Highlights Facility details: The newly leased facility spans 567,140 square feet which we plan to accommodate 2.5 GW of solar module manufacturing capacity and further expand it to 6.5 GW by 2029. The factory construction of Phase 1 of the facility has been completed
SC 13G - TOYO Co., Ltd (0001985273) (Subject)