TOYO Co., Ltd. Provides Second Half 2026 Business Outlook

Rhea-AI Summary

TOYO (TOYO) expects positive EBITDA for the second half of 2026 despite uncertainty around U.S. solar trade policy. EBITDA means earnings before interest, taxes, depreciation and amortization.

TOYO sees uncertainty in its specific financial results for the period amid a pending U.S. Customs and Border Protection examination of solar-cell shipments, countervailing duty investigation activity, and the status of the Section 232 program addressing solar-product imports. It is not providing quarterly guidance or specific revenue, net income or other financial targets. TOYO plans further updates as visibility on those policy matters improves.

Positive

• TOYO expects positive EBITDA for the second half of 2026.

Negative

• The pending U.S. customs examination of solar-cell shipments adds uncertainty to second-half results.
• Countervailing duty investigation activity adds uncertainty to second-half results.
• The status of the Section 232 program adds uncertainty to second-half results.

Argus Sep 28 session 5 alerts

-5.82% close to close 1.4x rel. volume Open Argus

Details

Market move: TOYO -5.82% in the Sep 28 session. Second-half 2026 guidance update

-2.6% Trough in 16 min

$181.98M Mkt Cap at Peak Alert

On Sep 28, the day this news came out, TOYO closed 5.82% below the previous close. Argus tracked a trough of -2.6% from its starting point during tracking. Our momentum scanner recorded 5 alerts for this stock that day.

Data tracked by StockTitan Argus for the Sep 28 session.

Key Terms

countervailing duty, section 232 program, ebitda

3 terms

countervailing duty regulatory

"countervailing duty ("CVD") investigation activity"

A countervailing duty is a tariff a government places on imported goods to neutralize the effect of foreign government subsidies that make those goods artificially cheap. It matters to investors because it can raise costs for importers or shield domestic producers, affecting profit margins, sales volumes and supply chains—much like a referee adding weight to balance a tipped scale, which can shift competitive advantage and stock prices.

section 232 program regulatory

"the "Section 232 program""

A Section 232 program refers to actions taken under Section 232 of the U.S. Trade Expansion Act, a government process that investigates whether imports threaten national security and can result in tariffs, quotas, or other restrictions on specific foreign goods. It matters to investors because these trade measures can change costs, markets, and supply chains for affected companies—like a sudden change in a recipe that forces a baker to find new ingredient sources or pay more for them.

ebitda financial

"confident that it will achieve positive EBITDA for the second half of 2026"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

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TOKYO, Sept. 28, 2026 /PRNewswire/ -- TOYO Co., Ltd. (Nasdaq: TOYO) (OTC: TOYWF) ("TOYO" or the "Company"), a solar manufacturing company, today provided its business outlook for the second half of 2026.

The Company continues to operate in a dynamic U.S. trade and regulatory environment, including the pending U.S. Customs and Border Protection ("CBP") examination of shipments of solar cells, countervailing duty ("CVD") investigation activity, and the status of the Trump Administration's action under Section 232 of the Trade Expansion Act of 1962 addressing imports of polysilicon and downstream solar products, including provisions intended to encourage domestic manufacturing investment (the "Section 232 program"). As a result, TOYO believes there is meaningful uncertainty regarding its specific financial results for the second half of 2026, and the Company is not providing quarterly guidance or specific guidance on revenue, net income or other financial measures or metrics at this time.

Notwithstanding this uncertainty, TOYO is confident that it will achieve positive EBITDA for the second half of 2026. The Company will provide further updates to the market as greater visibility emerges on these policy and regulatory matters.

"In the second half of 2026, we remain in a relatively dynamic policy environment, and that creates meaningful uncertainty around our specific results," said Takahiko Onozuka, Chairman and Chief Executive Officer of TOYO. "That said, we are confident in positive EBITDA for the second half of the year. As we gain greater visibility on these policy matters, we will provide further updates to the market."

About TOYO Co., Ltd.

TOYO is a solar manufacturing company that is committed to becoming a vertically integrated solar manufacturer in the global market, integrating the upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells and modules at a competitive scale and cost.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company's expectations for positive EBITDA in the second half of 2026 and the timing of future updates to its outlook. These forward-looking statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks include, but are not limited to, the outcome and timing of the CBP examination, the CVD investigation activity, and the Section 232 program, changes in market conditions, regulatory requirements, the availability and price of the Company's shares, macroeconomic conditions, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's most recent Annual Report on Form 20-F. TOYO assumes no obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.

Contact Information

For TOYO Co., Ltd.
IR@toyo-solar.com 

Crocker Coulson
Email: crocker.coulson@aumadvisors.com
Tel: (646) 652-7185

View original content:https://www.prnewswire.com/news-releases/toyo-co-ltd-provides-second-half-2026-business-outlook-302891334.html

SOURCE TOYO Co., Ltd

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does TOYO expect for EBITDA in the second half of 2026?

TOYO expects positive EBITDA for the second half of 2026. EBITDA means earnings before interest, taxes, depreciation and amortization.