secwatch.observer — SEC 8-K summary
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Issuer:     GREYSTONE LOGISTICS, INC. (GLGI)
CIK:        0001088413
Form:       8-K
Filed at:   2021-08-31T23:59:59+00:00
Accession:  0001493152-21-021604
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greystone Logistics FY2021 EPS $0.11, down from $0.15; sales fall 15% to $64.9M
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- Net income available to common stockholders $3.03M ($0.11 EPS), down from $4.30M ($0.15 EPS) prior year.
- Sales $64.9M, down 15% from $76.2M due to customer providing own raw materials for certain pallets.
- EBITDA $12.08M vs $12.15M; total net income $3.63M, prior year included $1.4M valuation allowance benefit.
- Debt reduced by $5.87M; $3.03M PPP loan forgiven in June 2021, increasing equity.
- CEO expects Q1 FY2022 operational challenges from COVID/labor/plastic costs, but strong pallet demand supports positive rest of year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1088413/000149315221021604/0001493152-21-021604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1088413/000149315221021604/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-021604

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