Greystone Logistics Reports 2nd Quarter Earnings
Greystone Logistics (OTCQB: GLGI), a leading manufacturer of recycled plastic pallets, has released its financial results for the three and six months ending November 30, 2024. The company reported quarterly revenue of $12,135,247 and six-month revenue of $25,595,894, with EBITDA of $1,658,336 and $3,831,028 respectively.
The company experienced lower top-line revenue during the quarter due to a significant customer reaching their budget limit. However, management anticipates stronger performance in the upcoming third and fourth quarters, driven by expected revenue growth from existing accounts and new customers. The company maintains a strong working capital position with significant cash reserves and reports increased optimism and buying signals from customers in both the US and Mexico markets.
Greystone Logistics (OTCQB: GLGI), un produttore leader di pallet in plastica riciclata, ha pubblicato i risultati finanziari per i tre e sei mesi terminati il 30 novembre 2024. L'azienda ha riportato un fatturato trimestrale di $12.135.247 e un fatturato semestrale di $25.595.894, con un EBITDA di $1.658.336 e $3.831.028 rispettivamente.
Nel corso del trimestre, l'azienda ha registrato una diminuzione del fatturato a causa di un cliente significativo che ha raggiunto il limite del proprio budget. Tuttavia, la direzione prevede una performance più forte nei prossimi terzi e quarti trimestri, alimentata dalla crescita dei ricavi prevista da conti esistenti e nuovi clienti. L'azienda mantiene una solida posizione di capitale circolante con significative riserve di liquidità e riporta un aumento dell'ottimismo e segnali di acquisto da parte dei clienti sia nel mercato statunitense che in quello messicano.
Greystone Logistics (OTCQB: GLGI), un fabricante líder de pallets de plástico reciclado, ha publicado sus resultados financieros para los tres y seis meses que terminaron el 30 de noviembre de 2024. La empresa reportó ingresos trimestrales de $12.135.247 y ingresos de seis meses de $25.595.894, con un EBITDA de $1.658.336 y $3.831.028 respectivamente.
La compañía experimentó menores ingresos generales durante el trimestre debido a que un cliente importante alcanzó su límite presupuestario. Sin embargo, la dirección anticipa un mejor rendimiento en los próximos terceros y cuartos trimestres, impulsado por el crecimiento de ingresos esperado de cuentas existentes y nuevos clientes. La empresa mantiene una sólida posición de capital de trabajo con reservas de efectivo significativas y reporta un aumento en el optimismo y señales de compra de clientes tanto en los mercados de EE. UU. como en México.
Greystone Logistics (OTCQB: GLGI), 재활용 플라스틱 팔레트의 선도적인 제조업체,는 2024년 11월 30일로 종료된 3개월 및 6개월 재무 결과를 발표했습니다. 회사는 분기별 수익으로 $12,135,247와 6개월 수익으로 $25,595,894를 보고했으며, EBITDA는 각각 $1,658,336와 $3,831,028입니다.
이번 분기에는 주요 고객이 예산 한도에 도달함에 따라 매출이 감소했습니다. 그러나 경영진은 기존 계정 및 신규 고객으로부터의 예상 수익 성장에 힘입어 다가오는 3분기 및 4분기에 더 강력한 성과를 기대하고 있습니다. 회사는 현금 준비금이 상당한 강력한 운영 자본을 유지하고 있으며, 미국 및 멕시코 시장 모두에서 고객의 낙관적 신호와 구매 신호가 증가하고 있다고 보고했습니다.
Greystone Logistics (OTCQB: GLGI), un fabricant de palettes en plastique recyclé de premier plan, a publié ses résultats financiers pour les trois et six mois se terminant le 30 novembre 2024. L'entreprise a enregistré un chiffre d'affaires trimestriel de $12.135.247 et un chiffre d'affaires semestriel de $25.595.894, avec un EBITDA respectif de $1.658.336 et $3.831.028.
L'entreprise a connu une baisse du chiffre d'affaires pendant le trimestre en raison d'un client important atteignant sa limite budgétaire. Cependant, la direction prévoit une meilleure performance lors des troisième et quatrième trimestres à venir, soutenue par une croissance des revenus attendue de la part de comptes existants et de nouveaux clients. L'entreprise maintient une solide position de fonds de roulement avec d'importantes réserves de liquidités et fait état d'une augmentation de l'optimisme et des signaux d'achat de la part des clients aux États-Unis et au Mexique.
Greystone Logistics (OTCQB: GLGI), ein führender Hersteller von recycelten Kunststoffpaletten, hat seine Finanzergebnisse für die drei und sechs Monate zum 30. November 2024 veröffentlicht. Das Unternehmen meldete einen quartalsweisen Umsatz von $12.135.247 und einen sechsmonatigen Umsatz von $25.595.894, mit einem EBITDA von $1.658.336 bzw. $3.831.028.
Im Quartal verzeichnete das Unternehmen aufgrund eines bedeutenden Kunden, der sein Budgetlimit erreicht hatte, geringere Umsätze. Das Management rechnet jedoch mit einer stärkeren Leistung in den kommenden dritten und vierten Quartalen, die durch das erwartete Umsatzwachstum von bestehenden Konten und neuen Kunden getragen wird. Das Unternehmen hält eine starke Arbeitskapitalposition mit erheblichen Bargeldreserven und berichtet von wachsendem Optimismus und Kaufzeichen von Kunden sowohl auf dem US- als auch auf dem mexikanischen Markt.
- Strong EBITDA performance: $1.66M quarterly and $3.83M six-month
- Healthy working capital position with significant cash reserves
- Expected revenue growth in upcoming quarters from existing and new customers
- Increasing market demand signals from US and Mexico customers
- Decreased quarterly revenue due to major customer reaching spending limit
TULSA, Okla., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Greystone Logistics (OTCQB: GLGI), the leading manufacturer of recycled plastic pallets and providing sustainable logistics solutions, announces three- and six-month results for the period ending November 30, 2024. Revenue for the quarter was
Warren Kruger, President of Greystone Logistics, commented “Greystone saw lower top line revenue during the last quarter as a significant customer hit their budget for expenditures for their fourth quarter. Greystone anticipates a strong third and even better fourth quarter as revenues ramp up from existing accounts and new customers. As of the end of the quarter, the company continued a strong working capital position with significant cash on hand. We are seeing increased optimism and buying signs from a broad range of customers both in the US and Mexico”.
For more information about Greystone Logistics and its innovative products, please visit www.greystonepallets.com
About Greystone Logistics
Greystone Logistics is a “green” manufacturing company that reprocesses recycled plastic and designs, manufactures and sells high-quality
Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Conference Call-Thursday, January 23, 2025 at 2:00 PM ET, hosted by Warren Kruger, President and CEO.
Conference ID is Greystone. Participant Dial-in information is Toll-Free Number, 888-999-6281, or Direct/International Number, +1-848-280-6550. A Q&A session will be available.
Non-GAAP Financial Measure
This press release contains disclosure of EBITDA, which is a non-GAAP financial measure within the meaning of Regulation G promulgated by the Securities and Exchange Commission.
Contact
Brendan Hopkins
Investor Relations
Email: investorrelations@greystonelogistics.com
Phone : (407) 645-5295
https://www.greystonepallets.com
FAQ
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