Greystone Logistics, Inc. Reports Earnings Results for the Second Quarter Ended November 30, 2019
January 15, 2020 at 04:33 pm EST
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Greystone Logistics, Inc. announced earnings results for the second quarter ended November 30, 2019. For the second quarter, the company announced sales was USD 19.503 million compared to USD 14.733 million a year ago. Operating income was USD 1.037 million compared to USD 838,114 a year ago. Net income was USD 407,065 compared to USD 233,993 a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0 a year ago.
For the half year, sales was USD 38.167 million compared to USD 32.939 million a year ago. Operating income was USD 2.320 million compared to USD 2.344 million a year ago. Net income was USD 961,678 compared to USD 938,326 a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.03 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. 