Greystone Logistics Inc (OTCPK:GLGI)

Q4 2024 Greystone Logistics Inc Earnings Call Transcript

Sep 16, 2024 / 05:30PM GMT

Transcript 10-K

Key Points

Positve

Revenue increased to $61.78 million, with earnings per share at $0.16.
EBITDA exceeded $13 million, reflecting strong cash flow generation.
Net income reached $5.03 million, indicating profitability.
Debt reduction of $3.8 million, improving the company's financial health.
Strong customer relationships, including Walmart and Berry Plastics, with potential for future growth.

Negative

Delay in filing due to the controller's health issues, causing operational disruptions.
Manufacturing sector softness and economic uncertainty affecting order volumes.
Anticipated higher sales with Walmart did not materialize as expected.
Idle equipment in Missouri and Jasper, Indiana, indicating underutilized capacity.
Flat sales volumes for the fiscal year, highlighting challenges in increasing market penetration.

Operator

Welcome to the Greystone Logistics Year-End Results Conference Call. (Operator Instructions)

I would now like to turn it over to our host, Brendan Hopkins. You may begin.

Brendan Hopkins

Greystone Logistics Inc - Investor Relations

Great. Thank you. And thank you all for joining us today. We have a brief safe harbor, and I'll be handing it over to Warren. Except for historical information contained herein, the statements in this conference call are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from forecasted results.

With that said, I would like to turn the call over to Warren Kruger, CEO of Greystone.

Warren Kruger

Greystone Logistics Inc - President, Chief Executive Officer, Director

Good morning and thank you very much for listening in on this call this

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by FactSet. Analyst estimates data is sourced from both Refinitiv and FactSet, with priority given to Refinitiv data. Data is updated daily.