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.
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Tulsa, OK, April 24, 2023 (GLOBE NEWSWIRE) -- Greystone Logistics (OTCQB:GLGI) announces the acquisition of Paradigm Plastic Pallets, including extrusion lines and manufacturing equipment, to reinstate production capabilities in Jasper, IN. This strategic move diversifies Greystone’s product offerings beyond plastic injection pallets and supports sustainability by using recycled plastics. The new manufacturing process allows for a wide range of pallet sizes and configurations, enhancing flexibility. Paradigm's pallets are already approved for use by major companies like Toyota and Honda. CEO Warren Kruger emphasized the acquisition’s role in advancing Greystone's manufacturing capabilities and sales network.
Tulsa-based Greystone Logistics, Inc. (OTCQB:GLGI) announced financial results for the nine and three months ended February 28, 2023. For the nine-month period, the company reported a net income of $4,471,124 ($0.16 per share), up from $3,044,535 ($0.11 per share) in the previous year. EBITDA increased to $10,109,572, compared to $8,237,357 in 2022. For the three-months ended February 28, 2023, net income rose to $3,562,996 ($0.13 per share) from $452,458 ($0.02 per share) in 2022. However, sales decreased to $44,633,542 from $53,069,648 year-over-year. CEO Warren Kruger highlighted operational improvements but noted that sales were impacted by one major customer supplying its own raw materials and delays from others. The company maintains a robust equity position, approximately 40% of total assets. Greystone focuses on manufacturing sustainable 100% recycled plastic pallets.
Tulsa-based Greystone Logistics, Inc. (OTCQB:GLGI) CEO Warren Kruger recently discussed the company's history and future in an interview with Robert Kraft of Planet MicroCap. Greystone is recognized as a leading manufacturer of recycled plastic pallets, which are designed to be stronger, more durable, and eco-friendly compared to traditional wood pallets. Made from 100% recycled plastic, these pallets can be reused multiple times, offering a sustainable alternative for various industries. The interview offers insights into the company's innovative approaches and long-term goals, reflecting Greystone's commitment to sustainability and operational excellence. For those interested, the interview can be accessed through various platforms including YouTube, Podbean, Spotify, and Apple Podcasts.
Greystone Logistics, Inc. (OTCQB:GLGI), based in Tulsa, has announced the release of its earnings for the nine and three months ending February 28, 2023, scheduled for April 17, 2023, at 8:00 AM ET. A teleconference will follow the earnings release at 2:00 PM ET, featuring a discussion of earnings and company operations. Interested participants can join by calling either the toll-free number 800-225-9448 or the direct international number 203-518-9708.
Greystone Logistics specializes in the manufacturing, leasing, and sale of high-quality recycled plastic pallets, which are noted for their strength, durability, and eco-friendly design. For further details, investors can visit the company’s website.