Q4 2024 Greystone Logistics Inc Earnings Call Transcript
Key Points
- Revenue increased to $61.78 million, with earnings per share at $0.16.
- EBITDA exceeded $13 million, reflecting strong cash flow generation.
- Net income reached $5.03 million, indicating profitability.
- Debt reduction of $3.8 million, improving the company's financial health.
- Strong customer relationships, including Walmart and Berry Plastics, with potential for future growth.
- Delay in filing due to the controller's health issues, causing operational disruptions.
- Manufacturing sector softness and economic uncertainty affecting order volumes.
- Anticipated higher sales with Walmart did not materialize as expected.
- Idle equipment in Missouri and Jasper, Indiana, indicating underutilized capacity.
- Flat sales volumes for the fiscal year, highlighting challenges in increasing market penetration.
Welcome to the Greystone Logistics Year-End Results Conference Call. (Operator Instructions)
I would now like to turn it over to our host, Brendan Hopkins. You may begin.
Great. Thank you. And thank you all for joining us today. We have a brief safe harbor, and I'll be handing it over to Warren. Except for historical information contained herein, the statements in this conference call are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from forecasted results.
With that said, I would like to turn the call over to Warren Kruger, CEO of Greystone.
Good morning and thank you very much for listening in on this call this
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