Greystone Logistics, Inc. (GLGI) Earnings Call Transcripts

Greystone Logistics, Inc.'s Latest Earnings Call - Q3 FY2026

In Q3 FY2026, Greystone Logistics faced significant challenges due to the abrupt loss of a major customer, iGPS, which impacted revenue and earnings. Despite this setback, the company reported $150,000 monthly revenue from resin grinding and granulating, and secured new orders from Walmart, including a tracking and tracing pilot program. Management did not provide specific revenue or earnings guidance but indicated efforts to stabilize operations and pursue new business opportunities. The stock may be influenced by the company's ability to replace lost revenue and execute on new initiatives.

Reported metrics

Guidance from management

Management did not provide specific forward guidance but indicated efforts to stabilize operations and pursue new business opportunities. The focus is on replacing lost revenue and leveraging new technologies.

What management said

Thank you, and thank you, everyone, for joining us today. We have a brief safe harbor, and then we'll get going. So 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 uncerta...

Nothing. It's beautiful things. We have a great relationship with it, we had a great relationship. We've paid them a lot of money over the years and never missed a beat. And immediately when iGPS canceled, the first thing I did was pick up the phone and call our officer and just say, "Hey, here's where we are. I want to go to interest only." They understood and really didn't have to do anything. They just said "Fine,...

What analysts pressed on

Analysts expressed concerns about the company's ability to manage debt and replace lost revenue from iGPS. Questions were raised about refinancing plans and the potential for expanding resin grinding operations.

Main topics on the call

• Loss of Major Customer — Greystone's largest customer, iGPS, ceased purchases, impacting $30 million in annual revenue. CEO Warren Kruger stated, 'Today is our last day,' marking a significant shift for the company.
• New Revenue Streams — The company generated $150,000 per month from resin grinding and granulating, a business they re-entered recently. Kruger noted, 'It's a beautiful thing because we have equipment.'
• Walmart Partnership — Greystone received 80 truckloads of orders from Walmart and is involved in a tracking and tracing pilot program. Kruger highlighted, 'We anticipate that we will be doing some more of that in the future.'
• Financial Stability — The company is working with its bank to manage debt, having moved to interest-only payments. Kruger emphasized, 'We have a great relationship with them.'

Read the full Greystone Logistics, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 6 Greystone Logistics, Inc. earnings call transcripts on record, spanning October 24, 2024 to April 16, 2026. Based on this history, Greystone Logistics, Inc. reports quarterly. The most recent call on file is dated April 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GLGI

Exchange

OTCPK

Country

US

Sector

Materials

Industry

Chemicals

Calls on record

6

First call

October 24, 2024

Most recent

April 16, 2026

Reporting cadence

quarterly