{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-012296","form_type":"8-K","ticker":"GLGI","cik":"0001088413","company_name":"GREYSTONE LOGISTICS, INC.","filed_at":"2024-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.234201+00:00","generated_at":"2026-06-03T21:31:14.055371+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Greystone Logistics Q3 net income $298K vs $3.7M prior; nine-month EPS $0.09","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-012296","json":"https://secwatch.observer/filing/0001437749-24-012296.json","markdown":"https://secwatch.observer/filing/0001437749-24-012296.md","text":"https://secwatch.observer/filing/0001437749-24-012296.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1088413/000143774924012296/0001437749-24-012296-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1088413/000143774924012296/glgi20240417_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T21:31:14.055371+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2942bff0bf6acb9da7079de1a3a7d41a86d5318f","claim":"GREYSTONE LOGISTICS, INC. reported three months ended February 29, 2024 results: revenue $13,980,009, net income $297,929, EPS $0.01.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1088413/000143774924012296/0001437749-24-012296-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended February 29, 2024"},{"label":"Revenue","value":"$13,980,009"},{"label":"Net income","value":"$297,929"},{"label":"EPS","value":"$0.01"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6dede1cf34f6c5da149ad931c11dbf729913448d","claim":"GREYSTONE LOGISTICS, INC. reported nine months ended February 29, 2024 results: revenue $46,990,716, net income $3,006,974, EPS $0.09.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1088413/000143774924012296/0001437749-24-012296-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended February 29, 2024"},{"label":"Revenue","value":"$46,990,716"},{"label":"Net income","value":"$3,006,974"},{"label":"EPS","value":"$0.09"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}