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. manufactures recycled plastic pallets and reports company developments tied to sustainable logistics, manufacturing operations and capital allocation. The company reprocesses recycled plastic and designs, manufactures, leases and sells 100% recycled plastic pallets for customers in industries such as food and beverage, automotive, chemical, pharmaceutical and consumer products.
Greystone news commonly covers earnings releases, operating discussions, share repurchases, debt reduction and balance sheet actions. Product updates include pallet leasing and rental programs, as well as Palletrip, a cellular-tracked recycled plastic pallet program for closed-loop transfers. Company materials also describe proprietary recycled resin blends, injection molding equipment and patented pallet designs used in its pallet production process.
Greystone Logistics (OTCQB: GLGI) has announced its schedule for the upcoming earnings release and conference call. 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 Tuesday, April 15, 2025, at 2:00 PM ET, led by Warren Kruger, President and CEO. The call will include an earnings presentation, operational discussion, and a Q&A session. Participants can join via toll-free number (888-999-6281) or international number (848-280-6550) using conference ID: GREYSTONE. A new 'Dial Me' functionality has been implemented to streamline the connection process.
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.
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