Greystone Q1 net income up 27% YoY to $1.74M; EPS $0.06 vs $0.04

GREYSTONE LOGISTICS, INC.

2024-Q1 EPS reported $0.05 revenue$17,413,671

Net income $1,744,219 ($0.06 EPS) vs $1,373,741 ($0.04) in prior-year quarter.
Sales $17.4M down 8% YoY; gross margin improved to 23.2% from 13.0%.
EBITDA rose 28% to $4.23M from $3.30M.
Capital investments in two large injection molding machines and robotic extrusion line.
New tooling for grocery, can, nut, cement, tech, beverage markets in process.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

GREYSTONE LOGISTICS, INC. reported three months ended August 31, 2023 results: revenue $17,413,671, net income $1,744,219, EPS $0.06.

Period: three months ended August 31, 2023
Revenue: $17,413,671
Net income: $1,744,219
EPS: $0.06
Result: reported results

Exact text from the filing

the three months ended August 31, 2023, was $4,228,410 compared to $3,302,499 for the three months ended August 31,2022. Sales for the three months ended August 31, 2023, were $17,413,671compared to sales of $18,953,599 in the prior period. Gross profit margins were 23.2% and 13.0% for the three months ended August 31, 2023 and 2022, respectively. The profit

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Source: SEC EDGAR

accession 0001437749-23-028363

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