Greystone Logistics, Inc. Reports Revenues and Earnings for the Year Ended May 31, 2025
MWN-AI** Summary
Greystone Logistics, Inc. (OTCQB: GLGI), a leader in recycled plastic pallet manufacturing, reported its year-end earnings for the fiscal year ending May 31, 2025, highlighting a robust financial performance. The company posted a net income of $1.92 million after preferred dividends of approximately $428,713, alongside an impressive EBITDA of $10 million on sales reaching nearly $58 million.
CEO Warren Kruger emphasized the company's strategic focus on financial stability, underscored by a significant long-term debt reduction of over $2.24 million. By eliminating preferred stock with a $5 million buyback, Greystone aims to enhance shareholder value, which is a core commitment of the firm. Additionally, the company acquired a property valued at $1.8 million near its current facilities, laying the groundwork for future expansion.
During the fiscal year, Greystone conducted repurchases of 215,624 common shares, contributing to a total buyback of over 1 million shares. This illustrates the company’s confidence in its growth trajectory and its dedication to delivering shareholder returns.
Greystone Logistics continues to maintain a strong commitment to sustainability through its production of high-quality, 100% recycled plastic pallets utilized by notable clients, including Walmart and Diageo. The proprietary technology utilized in their production process enables cost-effective solutions while addressing environmental concerns.
Looking ahead, the company is optimistic about future growth, leveraging its current infrastructure to increase sales and enhance margins. Greystone Logistics is well-positioned to capitalize on opportunities in various industries, affirming its status as a pivotal player in sustainable logistics solutions. For more information, visit www.greystonepallets.com.
MWN-AI** Analysis
Greystone Logistics, Inc. (OTCQB:GLGI) recently reported robust earnings for the fiscal year ending May 31, 2025, showcasing a promising trajectory that investors may find appealing. The company achieved a net income of $1,922,297, backed by EBITDA of over $10 million on total sales of nearly $57.9 million, reflecting effective operational management in the competitive landscape of recycled plastic products.
A key highlight of Greystone's performance was the significant reduction in long-term debt by approximately $2.25 million. This proactive approach enhances the company's financial stability, likely increasing investor confidence and potentially leading to improved credit terms and lower interest expenses moving forward. Furthermore, by repurchasing $5 million in preferred stock, Greystone has eliminated future dividend obligations, further solidifying its commitment to maximizing shareholder returns and demonstrating management’s confidence in the firm’s growth potential.
CEO Warren Kruger’s announcements regarding strategic property acquisition for expansion and repurchase of common shares signal aggressive growth plans. With the continued customer demand from prominent firms such as Walmart and Diageo for sustainable products, Greystone is poised to capitalize on the increasing shift towards eco-friendly logistics solutions. This positioning indicates a promising outlook for revenue expansion and enhanced profit margins.
Investors should closely monitor the company's growth strategy, particularly the utility of its new acquisition and how it integrates with existing operations. Updating its technological processes and increasing production capacity could yield higher returns in the long term. However, as with all investments, potential buyers should account for market risks inherent to the industry, including competition and fluctuating raw material prices. Overall, Greystone Logistics presents a compelling opportunity for growth-oriented investors focused on sustainability and innovation in the logistics sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
TULSA, Okla., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Greystone Logistics, (“Greystone Logistics” or the “Company”) (OTCQB:GLGI) the leading manufacturer of recycled plastic pallets providing sustainable logistics solutions, is pleased to announce its year-end earnings for the fiscal year ending May 31, 2025. The company has achieved a net income of $1,922,297 after preferred dividends of $428,713, with EBITDA of $10,008,828.22 on sales of $57,869,480.
Greystone Logistics is pleased to announce a successful year of significant debt reduction and balance sheet realignment. In 2025, we focused on strengthening our financial position, resulting in substantial progress and strategic investments that will support our growth.
Warren Kruger CEO commented, "We reduced long term debt by $2,247,253, enhancing our financial stability and positioning us for future growth. During the year $428,713 in preferred dividends were paid reducing net income to common. In the 4th quarter, Greystone bought back the $5 million in preferred stock eliminating the dividend expense reaffirming our commitment to our shareholders."
Kruger continued, "We acquired a strategically located property near our existing facilities for $1.8 million, earmarked for future expansion and development. We repurchased 215,624 common shares in the open market during our year and have bought back a total of 1,009,000 in total as of today. These purchases reflect our confidence in the company’s long-term prospects and commitment to shareholder value."
Greystone built a strong foundation and is pushing sales through the pipeline to add significant top-line. Our current infrastructure will enable us to leverage enhanced margins on incremental sales.
We are excited about the future of Greystone Logistics and remain committed to delivering value to our shareholders and stakeholders.
About Greystone Logistics
Greystone Logistics is a “green” manufacturing company focused on sustainability. The company reprocesses recycled plastic and designs, manufactures and sells high-quality 100% recycled plastic pallets that provide logistical solutions for a wide range of industries such as the food and beverage, automotive, chemical, pharmaceutical and consumer products. The Company’s technology, including a proprietary blend of recycled plastic resins used in the injection molding equipment, extrusion lines and patented pallet designs, allows production of high-quality pallets more rapidly and at a lower cost than many other processes. The recycled plastic for Greystone’s pallets helps control material costs while reducing environmental waste and provides cost advantages over users of virgin resin. Simplot, Omaha Steaks, Corning, Walmart, MillerCoors, iGPS, Sutter Home Wines, Diageo and many others have utilized recycled Greystone plastic pallets. For more information about Greystone Logistics and its innovative products, please visit www.greystonepallets.com .
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.
Contact
Brendan Hopkins
Investor Relations
Email: investorrelations@greystonelogistics.com
Phone: (407) 645-5295
https://www.greystonepallets.com
FAQ**
How does Greystone Logistics Inc GLGI plan to leverage its recent debt reduction and strategic investments to drive future growth and enhance shareholder value?
Can you elaborate on the specific strategies Greystone Logistics Inc GLGI will implement to increase sales and improve margins in the coming fiscal year?
What impact do you anticipate from the recent acquisition of property near existing facilities on Greystone Logistics Inc GLGI's operational efficiency and expansion plans?
How does Greystone Logistics Inc GLGI's focus on sustainability differentiate it from competitors in the recycled plastic pallet industry, and what benefits does this provide to customers?
**MWN-AI FAQ is based on asking OpenAI questions about Greystone Logistics Inc (OTC: GLGI).
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