Greystone Logistics, Inc. Reports Earnings Results for the Third Quarter Ended February 29, 2020
April 13, 2020 at 05:30 pm EDT
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Greystone Logistics, Inc. announced earnings results for the third quarter ended February 29, 2020. For the third quarter, the company announced sales was USD 19.738 million compared to USD 17.224 million a year ago. Operating income was USD 2.867 million compared to USD 809,259 a year ago. Net income was USD 1.899 million compared to USD 167,337 a year ago. Basic earnings per share from continuing operations was USD 0.06. For the nine months, sales was USD 57.906 million compared to USD 50.163 million a year ago. Operating income was USD 5.188 million compared to USD 3.154 million a year ago. Net income was USD 2.861 million compared to USD 1.105 million a year ago. Basic earnings per share from continuing operations was USD 0.09 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. 