Greystone Logistics, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2018
January 28, 2019 at 06:00 am
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Greystone Logistics, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2018. For the six months, the company reported sales were $32,939,240 compared to $20,009,177 for the six months ended November 30, 2017 for an increase of $12,930,063, a 65% increase. Net income was $1,061,853 comported to $674,353 a year ago. Net earnings per share was $0.03 compared to $0.01 a year ago.
For the second quarter, the company reported Sales were $14,733,130 compared to $9,722,102 for the three months ended November 30, 2017 for an increase of $5,011,028, a 52% increase. Net income was $296,945 comported to $144,071 a year ago. Net earnings per share was $0.005 compared to $0.00 a year ago.
Greystone Logistics, Inc. is engaged in the business of manufacturing and selling plastic pallets. The Companyâs primary business is the manufacturing of plastic pallets utilizing recycled plastic and selling the pallets through its wholly owned subsidiary, Greystone Manufacturing, L.L.C. The Company sells its pallets through a network of independent contractor distributors and direct sales by its President and sales department. Its product line includes 37 X 32 rackable pallet, 40 X 32 rackable pallet, 37 X 37 rackable pallet, 44 X 56 can pallet, 48 X 48 rackable pallet, 48 X 40 rackable pallet, 48 X 44 rackable pallet, 48 X 40 nestable pallet with or without detachable runners, 24 X 40 display pallet, 48 X 40 monoblock (one-piece) pallet, Half-barrel keg stackable pallet, Half-barrel keg stackable pallet, Slim keg stackable pallet and 36 X 36 rackable pallet, 48 X 45 monoblock pallet, 48 X 45 drum pallet, and 48 X 40 mid duty pallet.
GREYSTONE LOGISTICS, INC. 
