Veytics Intelligence
2026-09-12 · Yahoo

Greystone Logistics Inc (GLGI) (Q4 2026) Earnings Call Highlights: Navigating the Loss of a ...

This article first appeared on GuruFocus. Revenue: Declined by approximately $30 million year-over-year for fiscal year ending May 31. Customer Loss: iGPS ended 11-year relationship in October, dropping approximately 800,000 pallets per year in growth plans. Workforce Reduction: Laid off approximately 140 employees in December. Banking Arrangement: Entered interest-only payment status for 2026 with IBC Bank. Capital Expenditures: Limited to maintenance CapEx only. Sublease Revenue: Subleased idle equipment in Palmyra, Missouri to generate revenue. Walmart Relationship: $50 million relationship over the last 5-6 years; currently behind schedule.

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