Eric Nickerson
Analyst
Replay available
Greystone Logistics Inc (GLGI) Q4 2026 Earnings Call
Greystone Logistics Inc (OTC: GLGI) Q4 2026 earnings conference call, held 2026-09-09. Replay captured from the company's public earnings webcast.
Investor webinar replay
Meeting Overview The Greystone 2.4 Results conference call addressed the company's challenging financial situation following the unexpected termination of a long-term partnership with IGPS. CEO Warren Kruger discussed the impact of this loss, the company's current financial status, and strategies for revenue recovery. Key Discussion Points - Overview of the difficult financial year ending May 31. - Termination of the 11-year relationship with IGPS and its implications. - Layoffs of approximately 140 employees in response to reduced operations. - Transition to interest-only payments with IBC Bank to manage financial obligations. - Current financial performance showing a $30 million decrease in revenue. - Ongoing projects with multiple firms aimed at generating new revenue streams. - Development of new products, including a double-decker pallet for the concrete industry. - Challenges faced with Walmart due to leadership changes and falling behind schedule. Decisions Made - No explicit...
Featured Presenters
Brendan Hopkins
Director of Investor Relations
Warren Kruger
CEO
Replay transcript excerpt
Speaker 1: Hey everyone and welcome to today's Greystone Speaker 1: 2.4 Results conference call. At this time all participants are in a listen-only mode. Later you'll have the opportunity to ask questions during the question and answer session. Speaker 1: You may register to ask a question at any time by pressing the star and 1 on your telephone keypad. Speaker 1: Please note this call is being recorded and I will be standing by if you should need any assistance. Speaker 1: It is now my pleasure to turn the conference over to Brendan Hopkins. Please go ahead. Speaker 2: Thank you and thank everyone for joining us today. We have a brief Speaker 2: blue sky statement and then we'll start. 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 Visions to Private Securities Litigation Reform Act of 1995. Speaker 2: Board looking statements involve known and unknown risks and uncertainties Speaker 2: that may cause our actual results in future periods to differ materially from forecasted results. Speaker 2: With that said, I would like to turn the call over to Warren Kruger, CEO of Greystone. Speaker 3: Hello, everyone, and thank you so much for being on the call. Speaker 3: These are the times that I wish that there was better news Speaker 3: to present to you, but the news is the news. And we, Speaker 3: you've all Speaker 3: gone through our 10K, Speaker 3: and you can see we had a very difficult year Speaker 3: ending May 31. Speaker 3: And again, I'll go back and I'll rehash the history so that those who don't know Speaker 3: will have Speaker 3: a fresh idea of what happened. We had an 11-year relationship Speaker 3: with a company called IGPS. Speaker 3: ...