---
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"
generated_at: "2026-06-03T21:31:14.055371+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/1088413/000143774924012296/0001437749-24-012296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1088413/000143774924012296/glgi20240417_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-012296
- JSON: https://secwatch.observer/filing/0001437749-24-012296.json
- Plain text: https://secwatch.observer/filing/0001437749-24-012296.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1088413/000143774924012296/0001437749-24-012296-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1088413/000143774924012296/0001437749-24-012296-index.htm

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