Greystone Logistics Reports 3rd Quarter Earnings

TULSA, Okla., April 15, 2025 (GLOBE NEWSWIRE) -- Greystone Logistics (GLGI), the leading manufacturer of recycled plastic pallets and providing sustainable logistics solutions, announces three- and nine-month results for the period ending February 28, 2025. Revenue for the quarter was $14,315,798 and for the nine-month period $39,911,692 with EBITDA of $3,015,542 and $6,780,238 for the respective periods.

CEO Warren Kruger commented "I am proud our team delivered strong financial results  for the quarter. During the quarter, the board authorized $2.1 million to redeem a portion of the $5 million preferred stock outstanding out of cash on hand. The company has also now purchased over 500,000 common shares in the previous announced stock buyback. These buybacks of preferred and common stock are an indication of the commitment to enhancing shareholder value.  The board has confidence in the company's future performance and our proactive approach to managing the Company capital structure and optimizing returns for investors. I expect similar results in our 4th quarter."

About Greystone Logistics

Greystone Logistics is a "green" manufacturing company that ...