---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-011891"
form_type: "8-K"
ticker: "GLGI"
cik: "0001088413"
company_name: "GREYSTONE LOGISTICS, INC."
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:13:09.739058+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Greystone Logistics Q3 net income $0.02/shr; gross margin drops to 9.7% from 18.1% YoY

## Summary
- Nine-month net income available to common: $3.04M ($0.11/shr) vs $2.37M ($0.08/shr) prior year.
- Three-month net income available to common: $452K ($0.02/shr) vs $633K ($0.02/shr) prior year.
- Gross margin fell to 9.7% (sales $53.1M) from 18.1% ($47.6M) due to inflation, raw material costs, labor shortages.
- EBITDA for nine months was $8.24M vs $9.39M prior year.
- CEO cites growing demand, new products at Modex show; two large injection machines on order and contract manufacturing in Mexico.

## SEC filing metadata
- accession: 0001493152-22-011891
- form_type: 8-K
- ticker: GLGI
- cik: 0001088413
- company_name: GREYSTONE LOGISTICS, INC.
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1088413/000149315222011891/0001493152-22-011891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1088413/000149315222011891/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-011891
- JSON: https://secwatch.observer/filing/0001493152-22-011891.json
- Plain text: https://secwatch.observer/filing/0001493152-22-011891.txt

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