Greystone Logistics, Inc. Reports Results of Operations for the Nine and Three Months Ended February 29, 2024 - Seite 2

This press release includes certain statements that may be deemed "forward-looking statements" within the meaning of the federal securities laws. All statements, other than statements of historical facts that address activities, events or developments that the Company expects, believes, or anticipates will or may occur in the future, including the potential sales of pallets or other possible business developments are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, including the ability of the Company to continue as a going concern. Actual results may vary materially from the forward-looking statements. For a list of certain material risks relating to the Company and its products, see Greystone Logistics' Form 10-K for the fiscal year ended May 31, 2023.

Conference Call - Wednesday, April 17, 2024, at 2:00 PM ET, hosted by Warren Kruger, President and CEO. Conference ID is Greystone. Dial-in information is Toll-Free Number, 800-579-2543, or Direct or International Number, 785-424-1789. A Q&A session will be available.

Non-GAAP Financial Measure

This press release contains disclosure of EBITDA, which is a non-GAAP financial measure within the meaning of Regulation G promulgated by the Securities and Exchange Commission. A reconciliation of net income to EBITDA, the most comparable GAAP financial measure, as well as additional information concerning EBITDA, are included at the end of this release.

	Greystone Logistics, Inc. Reconciliation of Consolidated Net Income to EBITDA For the Nine Months Ended February 29, 2024 and 2023
		2024			2023
	Net Income	$	3,006,974		$	4,881,990
	Income Taxes		1,375,000			452,000
	Depreciation and Amortization		4,296,383			3,954,444
	Interest Expense		982,592			821,138
	EBITDA (A)	$	9,660,949		$	10,109,572
(A)	EBITDA represents income before income taxes plus interest, depreciation and amortization. The