secwatch.observer — SEC 8-K summary
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Issuer:     GREYSTONE LOGISTICS, INC. (GLGI)
CIK:        0001088413
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001437749-24-012296
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1088413/000143774924012296/0001437749-24-012296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1088413/000143774924012296/glgi20240417_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-012296

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