Greystone Logistics Reports Strong Year-End Earnings [Yahoo! Finance]
GREYSTONE LOGISTICS INC (GLGI)
NASDAQ:AMEX Investor Relations:
greystonelogistics.com/investor-relations.php
Company Research
Source: Yahoo! Finance
Despite ongoing recessionary pressures and a notable hesitancy among buyers to issue purchase orders, Greystone has continued to excel in the market for its world-class recycled plastic shipping pallets. The company's focus on sustainability and quality has allowed it to maintain a competitive edge, meeting the growing demand for eco-friendly shipping solutions. Warren Kruger, President of Greystone Logistics, expressed his pride in the company's performance. “We've had a tremendous year, demonstrating our ability to adapt and thrive even in the face of economic uncertainty. Our new 48x40 warehouse pallet is already generating sales at a pace of $5 million per year in revenue and with over $50 million in our sales pipeline, I anticipate a robust 2025. Cash on hand at year end was $5,798,641 insuring a level of safety and sufficient funds for our previously announced share buyback. We have now received the new tooling for our extruded hollow lumber pallet with product launch in the
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Sec Filings
- 10/18/24 - Form 10-Q
- 10/16/24 - Form NT
- 10/10/24 - Form 8-K
- GLGI's page on the SEC website