Pablo Diaz, President of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Money TV That SIRC’s 14 Different Brands Are ‘Origination Points’ For Company’s Efficient And Centralized Functions And Reaffirms $100+ Million Volume Guidance For Next Year

Pablo Diaz, recently named president of Solar Integrated Roofing Corp. (OTC PINK: SIRC), told Money TV’s Donald Baillargeon that SIRC has benefitted from its centralization of key functions like procurement, accounting, IT, HR and other support elements. “Centralizing our procurement really allows us to buy at the levels we should buy-in at,” Diaz says. He indicated that level is some $125 million annualized and he reaffirmed SIRC’s guidance of $100+ million in sales for the next fiscal year. See the complete interview here on Money TV.

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Pablo Diaz, President of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Money TV That SIRC’s 14 Different Brands Are ‘Origination Points’ For Company’s Efficient And Centralized Functions And Reaffirms $100+ Million Volume Guidance For Next Year

Diaz, president of SIRC, says, “We have 14 different brands and they are our origination points. We are centralizing our procurement level at the $125 million mark. That allows us to buy at the level we should buy-in at.” He noted that SIRC reported volume of $17.1 million last year. He reaffirmed the Company’ guidance for $100+ million next fiscal year.

He says that SIRC is centralizing its operations has enables it to scale with functions such as procurement, accounting, IT, HR, and a new finance division that was brought into SIRC. It makes SIRC more efficient.

He explains SIRC subsidiary USA Solar Networks currently has $62 million in signed deals and pre-construction “as we speak,” and he is very excited about that level of activity. “We have a symbiotic relationship” which allows SIRC and Diaz to “flex our wings in a space that we have been in for a long time.”

“When Covid first hit, it shut down the whole industry,” Diaz said. “We had to learn how to communicate through other mediums, such as Zoom. We had to learn to operate through other paradigms.”

He adds that as a result the landscape of the entire industry changed. “But consumers were OK with this because our installations are done outside.

“We analyze the market a lot at each of our subsidiary levels,” he explained. “We feel strongly that we will hit the $100 million mark next year.”

When Troy Clymer, COO,  was on Money TV prior, Baillargeon said, he predicted  SIRC would generate a $200 million ‘run rate’ in 2022.’

Diaz added, “And we feel really strong about it — it’s something that I often share at investor conferences.” Pablo Diaz, President of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Money TV That SIRC’s 14 Different Brands Are ‘Origination Points’ For Company’s Efficient And Centralized Procurement And Reaffirms $100+ Million Volume Guidance For Next Year.

“We’ve really evolved into a national alternative energy development firm,” Diaz says. “Through our M&A strategies, we now have 14 different brands and they are experts in their field. They are also our origination points.

“As a national development firm, we source the capital, we source the material  and our origination partners are our subsidiaries,” he said.

Diaz joined SIRC as CEO of USA Solar Networks, now a SIRC subsidiary. David Massey, Chairman and CEO of SIRC, said of Diaz, “ Since joining SIRC as CEO of USA Solar Networks subsidiary, Pablo has developed a nationwide dealer network while concurrently securing $280 million in commercial projects for our development pipeline,” said David Massey, Chairman and CEO of SIRC.

“His relentless drive has been invaluable, changing the course of SIRC for the better. I look forward to working closely with him to drive long-term value creation for our shareholders,” Massey concluded. Pablo Diaz, President of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Money TV That SIRC’s 14 Different Brands Are ‘Origination Points’ For Company’s Efficient And Centralized Functions And Reaffirms $100+ Million Volume Guidance For Next Year.

Diaz has over 20 years of executive management experience, of which 14 were in the alternative energy space. He served as the lead party on more than 7,800 residential solar installations and on over 200 commercial solar projects, the Company said.

SIRC added that Diaz has raised greater than $300 million in project-level financing for alternative energy projects across North America. CEO Magazine named him a ‘Top 20 CEO’ recently. As president of the Company, Diaz will work across all SIRC subsidiaries to increase efficiency, productivity and profitability, SIRC said.

Diaz called the promotion the ‘highlight of my career.’ He added, “The scale that we are beginning to reach is truly incredible, spanning an ever-growing SIRC family of companies. I firmly believe that we will become a leading national player and appreciate the continued support of our valued shareholders as we strive towards this goal.”

Pablo Diaz, President of Solar Integrated Roofing Corp. (OTC PINK: SIRC), Tells Money TV That SIRC’s 14 Different Brands Are ‘Origination Points’ For Company’s Efficient And Centralized Functions And Reaffirms $100+ Million Volume Guidance For Next Year

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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