Greystone Logistics, Inc. Reports Earnings Results for the First Quarter Ended August 31, 2020
October 13, 2020 at 01:16 pm EDT
Share
Greystone Logistics, Inc. announced earnings results for the first quarter ended August 31, 2020. For the first quarter, the company announced sales was USD 17.568 million compared to USD 18.664 million a year ago. Operating income was USD 1.818 million compared to USD 1.283 million a year ago. Net income was USD 942,119 compared to USD 554,613 a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.02 a year ago.
Greystone Logistics, Inc. is engaged in the business of manufacturing and selling plastic pallets. The Companyâs primary business is the manufacturing of plastic pallets utilizing recycled plastic and selling the pallets through its wholly owned subsidiary, Greystone Manufacturing, L.L.C. The Company sells its pallets through a network of independent contractor distributors and direct sales by its President and sales department. Its product line includes 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 with or without detachable runners, 24 X 40 display pallet, 48 X 40 monoblock (one-piece) pallet, Half-barrel keg stackable pallet, Half-barrel keg stackable pallet, Slim keg stackable pallet and 36 X 36 rackable pallet, 48 X 45 monoblock pallet, 48 X 45 drum pallet, and 48 X 40 mid duty pallet.
GREYSTONE LOGISTICS, INC. 
