---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-002027"
form_type: "8-K"
ticker: "GLGI"
cik: "0001088413"
company_name: "GREYSTONE LOGISTICS, INC."
filed_at: "2022-01-24T23:59:59+00:00"
generated_at: "2026-06-27T16:09:19.051049+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Greystone Logistics Q2 fiscal 2022 net loss $(0.01)/share; gross margin drops to 8.0% from 18.3%

## Summary
- Six months net income available to common rose to $2.59M ($0.09/share) vs $1.73M ($0.06) prior year; three months ended Nov. 30, 2021 net loss $(0.01)/share vs income $0.03.
- EBITDA for six months was $5.97M, down from $6.62M prior year.
- Gross profit margin collapsed to 8.0% on sales of $30.6M from 18.3% on $33.1M, driven by inflation and labor shortages.
- CEO cited a $13.5M contract for recycled pallets with a national retailer, expects future growth from new equipment and lines.

## SEC filing metadata
- accession: 0001493152-22-002027
- form_type: 8-K
- ticker: GLGI
- cik: 0001088413
- company_name: GREYSTONE LOGISTICS, INC.
- filed_at: 2022-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1088413/000149315222002027/0001493152-22-002027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1088413/000149315222002027/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-002027
- JSON: https://secwatch.observer/filing/0001493152-22-002027.json
- Plain text: https://secwatch.observer/filing/0001493152-22-002027.txt

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