Filing Flows › Greystone Logistics (GLGI) › Q3 FY25
Greystone Logistics (GLGI) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Apr 11, 2025
Greystone Logistics (GLGI) reported revenue of $14.3M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +18% from the quarter before. Operating margin was 9.5%, net earnings $966K (6.7% of revenue).
Greystone Logistics, Q3 FY25: revenue $14.3M (+2% year over year), operating margin 9.5%, net earnings $966K, operating cash flow $2.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.3M | +18% | +2% |
| Gross profit | $2.7M | +98% | +47% |
| Operating profit | $1.4M | 70× | +131% |
| Net earnings | $966K | — | +224% |
| Operating cash flow | $2.9M | -3% | +85% |
| Free cash flow | $2.3M | +32% | +173% |
What changed
Revenue was $14.3M in Q3 FY25, up 2% year over year and up 18% from the previous quarter.
Gross margin was 19.1%, up 5.8 points from a year earlier. Operating profit was $1.4M, a 9.5% margin (up 5.3 points year over year). Of the extra revenue versus a year earlier, 230% reached operating profit, above the 4% margin then. Operating expenses grew 8% against revenue growth of 2%. Net earnings were $1.0M, up 538% year over year. The effective tax rate was 16.7%.
Operating cash flow was $2.9M (up 85% year over year), 295% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization. Working capital and other items added $283K. Capital expenditures of $542K left free cash flow of $2.3M.
Questions
What was Greystone Logistics' revenue in the third quarter fiscal 2025?
Greystone Logistics (GLGI) reported revenue of $14.3M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +18% from the quarter before.
Was Greystone Logistics profitable in the third quarter fiscal 2025?
Operating profit was $1.4M (9.5% of revenue) and net earnings $966K.