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Greystone Logistics Inc   (GLGI)
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Price: $1.3100 $-0.02 -1.504%
Day's High: $1.35 Week Perf: 0.00
Day's Low: $ 1.31 30 Day Perf: 5.65 %
Volume (M): 19 52 Wk High: $ 2.35
Volume (M$): $ 24 52 Wk Avg: $0.97
Open: $1.35 52 Wk Low: $0.60



 Market Capitalization (Millions $) 38
 Shares Outstanding (Millions) 29
 Employees 83
 Revenues (TTM) (Millions $) 61
 Net Income (TTM) (Millions $) 8
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 9

Greystone Logistics Inc

Greystone Logistics, Inc. was incorporated in Delaware on February 24, 1969, under the name Permaspray Manufacturing Corporation. It subsequently changed its name to Browning Enterprises Inc. in April 1982, to Cabec Energy Corp. in June 1993, to PalWeb Corporation in April 1999 and to Greystone Logistics, Inc. in March 2005, as further described below. In December 1997, Greystone acquired all of the issued and outstanding stock of Plastic Pallet Production, Inc., a Texas corporation (“PPP”), and since that time, Greystone has primarily been engaged in the business of manufacturing and selling plastic pallets.

Greystone processes recycled plastic into pellet form which may be sold or used in Greystone’s production of pallets. The sale of pelletized resin is dependent on Greystone’s ability to realize reasonable profit, which is generally based on market conditions. Greystone also provides tolling services whereby it grinds and pelletizes a customer’s plastic material for a fee.


Greystone’s primary business is the manufacturing of plastic pallets utilizing recycled plastic and selling the pallets through one of its wholly owned subsidiaries, GSM. Greystone sells its pallets through a network of independent contractor distributors and direct sales by its president and other employees. Greystone also markets pallet leasing services. As of May 31, 2015, Greystone had an aggregate in-house production capacity of approximately 70,000 pallets per month for its medium and heavy-duty pallets and 20,000 for its lightweight nestable pallets.

Greystone’s product line as of May 31, 2015 consists of the following:

37” X 32” rackable pallet,

40” X 32” rackable pallet,

37” X 37” rackable pallet,

44” X 56” can pallet,

48” X 48” rackable pallet,

48” X 40” rackable pallet,

48” X 44” rackable pallet,

48” X 40” nestable pallet,

24“X 40” display pallet,

48“X 40” monoblock (one-piece) pallet,

Half-barrel keg stackable pallet,

Slim keg stackable pallet, and

36“X 36” rackable pallet.



   Company Address: 1613 East 15th Street Tulsa 74120 OK
   Company Phone Number: 583-7441   Stock Exchange / Ticker: GLGI
   GLGI is expected to report next financial results on April 13, 2024.


   

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Greystone Logistics Inc

Impressive Revenue Growth Propels Greystone Logistics Inc. During Q2 2023 Earnings Season



Greystone Logistics Inc, a leading company in the logistics industry, recently witnessed a -3.08% decrease in stock value. However, despite this dip, the company's stock is currently trading at a solid 12.3% above its 52-week average. To gain a better understanding of the implications of these figures, it is crucial to analyze the company's financial results and their potential impact on the future of Greystone Logistics Inc.
1. Revenue Growth:
During the second quarter of the 2023 earnings season, Greystone Logistics Inc experienced a significant revenue improvement, with a commendable 25.086% increase to $15.14 million. This growth indicates a positive trajectory for the company's operations and highlights its ability to attract clients and generate sales.

Greystone Logistics Inc

Industrial Machinery and Components Company Sees Promising 25% Rise in Profitability in Latest Fiscal Period


As an investor closely following the Industrial Machinery and Components sector, I have been closely monitoring the financial results of Greystone Logistics Inc (GLGI) in the most recent fiscal period. The figures paint a mixed picture, showcasing both positive advancements and areas of concern. Let's delve deeper into the numbers and analyze their implications.
Starting with the bottom line, GLGI reported a 25% increase in profits, reaching $0.05 per share compared to $0.04 per share in the previous fiscal year. This growth is a positive sign, indicating that the company's strategic initiatives and cost-efficiency measures are translating into improved financial performance.

Greystone Logistics Inc

Greystone Logistics Inc Demonstrates Exceptional Profit Growth with 54.22% Increase in Earnings per Share, Despite Slight Revenue Decline

Greystone Logistics Inc, a prominent player in the Industrial Machinery and Components sector, has recently reported impressive financial results for the year ending May 31, 2023. Despite a slight decline in revenue, the company witnessed a remarkable income advance of 54.22% to $0.04 per share. This growth in income is a testament to Greystone Logistics Inc's strong operational performance and effective cost management strategies.
The company's net earnings also showed a substantial increase of 76.75% to $1.605 million compared to the previous year. Greystone Logistics Inc's improving profit margins, with net margin rising to 10.23% and operating margin edging up to 13.42%, further demonstrate the company's continued focus on enhancing profitability.






 

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