Greystone Logistics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended February 28, 2022
April 14, 2022 at 03:42 pm EDT
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Greystone Logistics, Inc. reported earnings results for the third quarter and nine months ended February 28, 2022. For the third quarter, the company reported sales was USD 22.45 million compared to USD 14.51 million a year ago. Net income was USD 0.532595 million compared to USD 0.713593 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
For the nine months, sales was USD 53.07 million compared to USD 47.6 million a year ago. Net income was USD 3.29 million compared to USD 2.61 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.08 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. 
