Welcome to our dedicated page for Greystone Logist news (Ticker: GLGI), a resource for investors and traders seeking the latest updates and insights on Greystone Logist stock.
Greystone Logistics, Inc. (OTCQB: GLGI) appears frequently in news coverage for its role as a green manufacturing company focused on recycled plastic pallets and sustainable logistics solutions. Company announcements often describe how Greystone reprocesses recycled plastic and uses proprietary resin blends, injection molding equipment, extrusion lines and patented pallet designs to produce 100% recycled plastic pallets for multiple industries.
News items commonly include earnings releases and schedules for earnings calls, where Greystone discusses financial results and operations. These updates can cover topics such as revenue, EBITDA, capital structure decisions, preferred stock redemptions and share repurchase activity, giving investors insight into how the company manages its finances and capital base.
Operational news from Greystone highlights developments in its pallet business and logistics programs. The company has announced initiatives such as Palletrip, a lightweight recycled plastic, cellular-tracked pallet program designed for closed-loop transfers with tailored rental and lease options. Releases describing Palletrip explain how Greystone aims to address issues associated with traditional wood and block pallets and to introduce Pallet-as-a-Service leasing models with cellular-based tracking.
Greystone’s news flow also includes references to independent research coverage and commentary on its business model and market positioning. Together, these articles provide a view into the company’s focus on sustainability, recycled plastic technology and logistics solutions. Investors and observers can use the news stream to monitor earnings updates, capital allocation decisions, new program launches and other corporate communications related to GLGI.
Greystone Logistics (OTCQB:GLGI) has announced its upcoming earnings release schedule for Q3 2025. The company will release its financial results for the three months ended February 28, 2025, on Monday, April 14, 2025, at 7 AM ET.
A teleconference will follow on Wednesday, April 15, 2024, at 2:00 PM ET, featuring CEO Warren Kruger, who will present earnings and discuss operations. The conference includes a Q&A session and offers multiple access options:
- Toll-Free Number: 888-999-6281
- Direct/International Number: 848-280-6550
- Conference ID: GREYSTONE
- New 'Dial Me' functionality available through a dedicated link for immediate access
Greystone Manufacturing, a leading producer of 100% recycled plastic pallets, has achieved ISO 9001:2015 certification, demonstrating its commitment to quality management and continuous improvement. The certification validates the company's ability to consistently meet customer and regulatory requirements through an effective quality management system.
CEO Warren Kruger emphasized that this achievement reflects the team's dedication to excellence and reinforces their mission to deliver innovative and sustainable solutions. Greystone's proprietary blend of recycled plastic resins and advanced manufacturing technology enables the production of cost-effective and environmentally friendly pallets serving various industries, including food and beverage, automotive, chemical, pharmaceutical, and consumer products.
Greystone Logistics (OTCQB: GLGI), a leading manufacturer of recycled plastic pallets, has released its financial results for the three and six months ending November 30, 2024. The company reported quarterly revenue of $12,135,247 and six-month revenue of $25,595,894, with EBITDA of $1,658,336 and $3,831,028 respectively.
The company experienced lower top-line revenue during the quarter due to a significant customer reaching their budget limit. However, management anticipates stronger performance in the upcoming third and fourth quarters, driven by expected revenue growth from existing accounts and new customers. The company maintains a strong working capital position with significant cash reserves and reports increased optimism and buying signals from customers in both the US and Mexico markets.
Greystone Logistics (OTCQB: GLGI), a manufacturer of recycled plastic pallets, has partnered with Forvis Mazars, LLP for accounting and CFO services. The agreement encompasses quarterly and annual public filing services along with CFO-level support. CEO Warren Kruger highlighted Forvis's expertise in public company reporting and financial management as key benefits for executing their growth strategy.
The company also confirmed the implementation of a mandatory 30-day waiting period for their previously announced stock buyback program, which will commence on December 20, 2024.
Greystone Logistics announces a conference call scheduled for October 24, 2024 to discuss Q1 results. The call will begin at 2:00 PM Eastern Time with a duration of 30 minutes, preceded by a 15-minute pre-conference period. Participants can join via toll-free number 888-999-6281 or international number 848-280-6550. For additional information, investors can contact Brendan Hopkins from Investor Relations.
Greystone Logistics (OTCQB:GLGI) reports strong year-end earnings for fiscal year ending May 31, 2024. Key highlights include:
- Net income: $5,027,491
- EBITDA: $13,086,091
- Sales: $61,780,715
- Earnings per share: $0.16
The company's new 48x40 warehouse pallet is generating $5 million per year in revenue. With over $50 million in the sales pipeline, Greystone anticipates a robust 2025. Cash on hand at year-end was $5,798,641, ensuring funds for the previously announced share buyback. The company plans to launch a new extruded hollow lumber pallet in the next 90 days, with introduction at Pack Expo in Chicago in November.
Greystone Logistics (OTCQB: GLGI) announced a $1 million stock repurchase program authorized by its Board of Directors. The program will commence in the second fiscal quarter of 2024 and span 12 months. Shares may be repurchased in the open market under Rule 10b5-1 or through other methods, adhering to Rule 10b-18 and applicable regulations.
The number and value of shares repurchased will depend on factors such as the stock's intrinsic value, market conditions, liquidity, and legal requirements. The program is discretionary and can be altered or stopped at any time. Funding for the buybacks will come from existing cash reserves and future free cash flow. CEO Warren Kruger emphasized that the buyback reflects the Board's confidence in the company's future and aims to enhance shareholder value.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Greystone Logist (GLGI)?
What is the market cap of Greystone Logist (GLGI)?
