In fiscal 2026, which ended May 31, 2026, Greystone Logistics, Inc. reported revenue of $27.5 million, down 52.4% from the year before. It recorded a net loss of $8.2 million. The operating loss came to $7.8 million, an operating margin of -28.2%. Diluted earnings per share were -$0.30. Across the 10 fiscal years shown, revenue shrank from $40.0 million in fiscal 2017 to $27.5 million in fiscal 2026, about 4.1% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
May 31, 2026
|
FY 2025
May 31, 2025
|
FY 2024
May 31, 2024
|
FY 2023
May 31, 2023
|
FY 2022
May 31, 2022
|
FY 2021
May 31, 2021
|
FY 2020
May 31, 2020
|
FY 2019
May 31, 2019
|
FY 2018
May 31, 2018
|
FY 2017
May 31, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
28
-52.4%
|
58
-6.3%
|
62
+1.7%
|
61
-18.1%
|
74
+14.2%
|
65
-14.8%
|
76
+7.2%
|
71
+46.2%
|
49
+21.4%
|
40
+52.0%
|
| Cost of revenue |
29
-38.8%
|
48
-4.5%
|
50
-2.6%
|
51
-22.5%
|
66
+24.2%
|
53
-17.4%
|
65
+3.0%
|
63
+51.2%
|
42
+27.6%
|
33
+50.9%
|
| Gross profit |
-2
-117.1%
|
10
-14.2%
|
12
+25.5%
|
9
+20.0%
|
8
-32.1%
|
11
-0.2%
|
11
+39.4%
|
8
+17.1%
|
7
-5.8%
|
7
+57.3%
|
| Selling, general and administrative |
6
-6.6%
|
6
+25.3%
|
5
+1.3%
|
5
-1.9%
|
5
-0.0%
|
5
+12.5%
|
5
+17.9%
|
4
+29.3%
|
3
+0.6%
|
3
+18.0%
|
| Operating expenses |
6
|
—
|
—
|
5
-1.9%
|
5
-0.0%
|
5
+12.5%
|
5
+17.9%
|
4
+29.3%
|
3
+0.6%
|
3
+18.0%
|
| Operating income |
-8
-280.1%
|
4
-39.6%
|
7
+68.8%
|
4
+64.4%
|
3
-58.8%
|
6
-8.8%
|
7
+58.9%
|
4
+7.8%
|
4
-10.1%
|
4
+103.0%
|
| Pretax income |
-9
-350.9%
|
3
-42.9%
|
6
-31.5%
|
9
+74.1%
|
5
-0.5%
|
5
-1.3%
|
5
+107.5%
|
2
-5.7%
|
3
-18.9%
|
3
+144.7%
|
| Income tax |
-0
-139.7%
|
1
+7.3%
|
1
-58.1%
|
2
+359.8%
|
1
-63.8%
|
1
+608.4%
|
0
-52.0%
|
0
-43.6%
|
1
-23.7%
|
1
+104.2%
|
| Net income |
-8
-450.3%
|
2
|
—
|
6
+40.5%
|
5
+25.4%
|
4
-26.9%
|
5
+141.2%
|
2
+9.9%
|
2
-16.7%
|
2
+168.7%
|
| Basic EPS |
-0.30
-528.6%
|
0.07
-56.2%
|
0.16
-23.8%
|
0.21
+50.0%
|
0.14
+27.3%
|
0.11
-26.7%
|
0.15
|
—
|
—
|
—
|
| Diluted EPS |
-0.30
-528.6%
|
0.07
-53.3%
|
0.15
-25.0%
|
0.20
+53.8%
|
0.13
+30.0%
|
0.10
-33.3%
|
0.15
|
—
|
—
|
—
|
| Weighted average shares, basic |
27
-2.8%
|
28
-0.8%
|
28
+0.0%
|
28
-0.5%
|
28
+0.2%
|
28
+0.0%
|
28
+0.0%
|
28
+0.0%
|
28
+0.1%
|
28
+2.2%
|
| Weighted average shares, diluted |
27
-4.5%
|
29
-0.7%
|
29
-10.4%
|
32
-0.5%
|
32
-0.3%
|
32
+0.1%
|
32
+11.5%
|
29
+0.1%
|
29
+0.3%
|
29
+3.1%
|
| Other measures | ||||||||||
| Depreciation and amortization |
6
+4.8%
|
6
+0.6%
|
6
+10.1%
|
5
-2.8%
|
5
-7.5%
|
6
+9.9%
|
5
+18.9%
|
4
+25.1%
|
4
|
—
|
| EBITDA |
-2
-117.0%
|
10
-21.7%
|
13
+36.4%
|
9
+19.0%
|
8
-34.2%
|
12
-0.7%
|
12
+38.6%
|
9
+15.9%
|
8
|
—
|
| Interest coverage |
—
|
4.24x
|
5.53x
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Margins | ||||||||||
| Gross margin |
-6.23%
|
17.37%
|
18.96%
|
15.36%
|
10.48%
|
17.65%
|
15.07%
|
11.59%
|
14.48%
|
18.66%
|
| Operating margin |
-28.21%
|
7.45%
|
11.56%
|
6.96%
|
3.47%
|
9.63%
|
9.00%
|
6.07%
|
8.24%
|
11.12%
|
| Pretax margin |
-31.50%
|
5.97%
|
9.81%
|
14.57%
|
6.85%
|
7.86%
|
6.79%
|
3.51%
|
5.44%
|
8.14%
|
| Profit margin |
-29.91%
|
4.06%
|
—
|
10.51%
|
6.13%
|
5.58%
|
6.51%
|
2.89%
|
3.85%
|
5.61%
|
| EBITDA margin |
-6.24%
|
17.43%
|
20.84%
|
15.54%
|
10.70%
|
18.56%
|
15.92%
|
12.32%
|
15.54%
|
—
|
| Effective tax rate |
—
|
32.00%
|
17.02%
|
27.82%
|
10.54%
|
29.00%
|
4.04%
|
17.48%
|
29.22%
|
31.05%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Special Industry Machinery, NEC (SIC 3559)
- Listed as
- GLGI (OTC)
- Fiscal year ends
- May 31
- Headquarters
- Tulsa, OK
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1088413
- Former names
- PALWEB CORP (until Apr 14, 2005)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.