secwatch.observer — SEC 8-K summary
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Issuer:     GREYSTONE LOGISTICS, INC. (GLGI)
CIK:        0001088413
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001493152-22-011891
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1088413/000149315222011891/0001493152-22-011891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1088413/000149315222011891/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-011891

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