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Greystone Logistics Inc (GLGI)
OTHER OTC:GLGI
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Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
$0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 15, 2024
|% Change Since: -28.08%
|Next Earnings Date:Jan 27, 2025
Earnings Call Sentiment|Neutral
The call highlighted positive developments with Walmart and a strong pipeline potential, but significant challenges remain with the economic recession impact, sales decline, and extrusion business delays. The CFO transition has also caused disruptions. Despite some positive indicators, the overall outlook is tempered by notable challenges.Company Guidance
During the Greystone Logistics Q1 2025 earnings call, guidance was provided that highlighted the company's current challenges and future potential. The CEO, Warren Kruger, mentioned that the company ended the quarter with an operating income of $824,000 and an income per share of $0.01. However, sales were approximately $1.4 million below expectations on a monthly basis, primarily due to delays in product launches and economic recession impacts on the manufacturing sector. Despite these challenges, Kruger expressed optimism about significant growth opportunities with major clients like Walmart, where a new mold design has been well-received, and anticipates continued expansion. The company's pipeline is valued at around $100 million in revenue, contingent on increased order volumes. Furthermore, the company is preparing to enact a stock buyback program and is actively searching for a new CFO to stabilize financial operations. Kruger reiterated the company's focus on long-term growth and shareholder value, supported by ongoing investments in new equipment and product lines.Operating Income and Income Per Share
The company reported an operating income of $824,000 and an income per share of $0.01.
Positive Feedback from Walmart
Walmart has shown satisfaction with the new pallet design, with only three broken pallets out of 44,000 delivered. This indicates strong potential for future growth with Walmart's distribution centers.
Pipeline Growth Potential
The company's pipeline is estimated at $100 million in revenue, with positive relationships with Walmart, IGPS, and Toyota indicating future growth.
Cash Position
The company reported sitting on $4 million to $5 million in cash, which is a strong financial position.
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GLGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GLGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 15, 2024 | $1.46 | $1.37 | -6.16% |
| Sep 13, 2024 | $1.34 | $1.45 | +8.21% |
| Apr 17, 2024 | $1.29 | $1.15 | -10.85% |
| Jan 17, 2024 | $1.00 | $1.02 | +2.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Greystone Logistics Inc (GLGI) report earnings?
Greystone Logistics Inc (GLGI) is schdueled to report earning on Jan 27, 2025, TBA Not Confirmed.
What is Greystone Logistics Inc (GLGI) earnings time?
Greystone Logistics Inc (GLGI) earnings time is at Jan 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLGI EPS forecast?
Currently, no data Available
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