secwatch.observer — SEC 8-K summary
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Issuer:     GREYSTONE LOGISTICS, INC. (GLGI)
CIK:        0001088413
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001437749-23-028363
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1088413/000143774923028363/0001437749-23-028363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1088413/000143774923028363/glgi20231017_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-028363

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer