---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-028363"
form_type: "8-K"
ticker: "GLGI"
cik: "0001088413"
company_name: "GREYSTONE LOGISTICS, INC."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:24:23.250053+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-028363
- form_type: 8-K
- ticker: GLGI
- cik: 0001088413
- company_name: GREYSTONE LOGISTICS, INC.
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1088413/000143774923028363/0001437749-23-028363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1088413/000143774923028363/glgi20231017_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-028363
- JSON: https://secwatch.observer/filing/0001437749-23-028363.json
- Plain text: https://secwatch.observer/filing/0001437749-23-028363.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1088413/000143774923028363/0001437749-23-028363-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.