Greystone Logistics reports strong earnings in Tulsa, Sept 2024

Greystone Logistics, based in Tulsa, Oklahoma, reported its year-end earnings for the fiscal year ending May 31, 2024, revealing a net income of $5,027,491 and EBITDA of $13,086,091 from sales totaling $61,780,715. The company has positioned itself as a leader in the manufacturing of recycled plastic pallets, emphasizing sustainability in its logistics solutions. This focus has allowed Greystone to meet the increasing demand for eco-friendly shipping options, which is crucial in today's environmentally conscious market. Warren Kruger, the President of Greystone Logistics, expressed pride in the company's performance, highlighting their ability to adapt to economic challenges. The introduction of a new 48x40 warehouse pallet has already generated significant revenue, with projections indicating a robust sales pipeline exceeding $50 million. This innovative product is expected to play a key role in the company's growth strategy moving forward. The company’s commitment to recycling plastic not only helps in controlling material costs but also reduces environmental waste, providing a competitive edge over traditional materials. Greystone's strategic initiatives aim to enhance production capabilities and close sales with existing customers, ensuring continued growth in the logistics sector. As Greystone Logistics prepares for the future, it remains dedicated to delivering high-quality, sustainable products while navigating the complexities of the current economic landscape. The upcoming conference call on September 16, 2024, will provide further insights into the company's strategies and future outlook.