Greystone Logistics, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2023
January 16, 2024 at 02:11 pm EST
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Greystone Logistics, Inc. reported earnings results for the second quarter and six months ended November 30, 2023. For the second quarter, the company reported sales was USD 15.6 million compared to USD 12.1 million a year ago. Net income was USD 0.964826 million compared to net loss of USD 0.187247 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to diluted loss per share from continuing operations of USD 0.01 a year ago.
For the six months, sales was USD 33.01 million compared to USD 31.06 million a year ago. Net income was USD 2.71 million compared to USD 1.14 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.08 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. 
