Greystone Logistics announced its second-quarter results for the period ending November 30, 2024, on January 21, 2025. The company reported revenue of $12,135,247 for the quarter and $25,595,894 for the six-month period. EBITDA for the quarter stood at $1,658,336, with a six-month EBITDA of $3,831,028.
President Warren Kruger noted that the company experienced lower top-line revenue during the quarter. This decrease was attributed to a significant customer reaching their budget for expenditures in their fourth quarter. Despite this, Greystone maintains a strong working capital position and significant cash on hand.
Management anticipates a strong third and an even better fourth quarter as revenues are expected to ramp up. This growth is projected to come from both existing accounts and new customers, with increased optimism and buying signs observed from customers in the US and Mexico.
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