Greystone Logistics, Inc. Reports Earnings Results for the First Quarter Ended August 31, 2021
October 14, 2021 at 04:48 pm EDT
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Greystone Logistics, Inc. announced earnings results for the first quarter ended August 31, 2021. For the first quarter, the company announced sales was USD 14.774 million compared to USD 17.568 million a year ago. Operating income was USD 243,490 compared to USD 1.818 million a year ago. Net income was USD 3.052 million compared to USD 942,119 a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.03 a year ago. Diluted 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. 
