Greystone Logistics Q3 net income $298K vs $3.7M prior; nine-month EPS $0.09

GREYSTONE LOGISTICS, INC.

2024-Q3 EPS reported $0.09 revenue$46,990,716

Nine-month net income $3.0M vs $4.9M (prior included $3.2M one-time gains); EPS $0.09 vs $0.16.
Sales for nine months $47.0M, up 5.3% YoY; gross margin improved to 19.2% from 13.5%.
Q3 net income $298K, EPS $0.01, sales $13.98M; prior year Q3 net income $3.7M, EPS $0.13.
EBITDA nine months $9.66M vs $10.11M; CEO expects mold delivery later in year to fulfill orders.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GREYSTONE LOGISTICS, INC. reported three months ended February 29, 2024 results: revenue $13,980,009, net income $297,929, EPS $0.01.

Period: three months ended February 29, 2024
Revenue: $13,980,009
Net income: $297,929
EPS: $0.01
Result: reported results

Exact text from the filing

Earnings per share of common stock for the three months ended February 29, 2024 were $0.01 per compared to $0.13 per share. Net income for the three months ended February 29, 2024 and 2023 was $297,929 and $3,695,496, respectively. Sales for the nine months ended February 29, 2024, were $46,990,716 compared to sales of $44,633,542 in the prior period. Gross profit margins were 19.2% and 13.5% for the nine months ended February 29, 2024 and 2023, respectively. Sales for the three months ended February 29, 2024, were $13,980,009 compared to sales of $13,578,269 in the prior period.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GREYSTONE LOGISTICS, INC. reported nine months ended February 29, 2024 results: revenue $46,990,716, net income $3,006,974, EPS $0.09.

Period: nine months ended February 29, 2024
Revenue: $46,990,716
Net income: $3,006,974
EPS: $0.09
Result: reported results

Exact text from the filing

Greystone reported earnings per share of common stock for the nine months ended February 29, 2024 of $0.09 compared to $0.16 for the prior period. Net income was $3,006,974 for the nine months ended February 29, 2024 compared to $4,881,990 for the nine months ended February 28, 2023 which included other income of approximately $3.2 million from realization of federal tax credits and a gain from deconsolidation of a variable interest entity. EBITDA for the nine months ended February 29, 2024, was $9,660,949 compared to $10,109,572 for the nine months ended February 28, 2023. Earnings per share of common stock for the three months ended February 29, 2024 were $0.01 per compared to $0.13 per share. Net income for the three months ended February 29, 2024 and 2023 was $297,929 and $3,695,496, respectively. Sales for the nine months ended February 29, 2024, were $46,990,716 compared to sales of $44,633,542 in the prior period.

View on SEC.gov

520 earnings releases filed in the last 30 days. Browse all earnings releases →

GREYSTONE LOGISTICS, INC. filing history →

Source: SEC EDGAR

accession 0001437749-24-012296

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.