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Greystone Logistics, Inc. (GLGI) Q3 2026 Earnings Call Transcript

Seeking Alpha
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⚡ Quantum Brief
Greystone Logistics lost its largest customer—an 11-year partner—in November 2025 after the client abruptly terminated the relationship without warning. CEO Warren Kruger revealed the customer had attempted to sell its business three times but instead chose to halt growth, directly impacting Greystone’s revenue streams. The Q3 2026 earnings call highlighted ongoing financial strain, with leadership emphasizing operational challenges following the sudden loss of a key revenue source. Kruger reiterated past disclosures but provided no new recovery strategy, signaling uncertainty about Greystone’s ability to replace the lost business quickly. Forward-looking statements carried standard risk disclaimers, noting potential material deviations from projections due to market volatility and operational risks.
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SA Transcripts159.33K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Greystone Logistics, Inc. (GLGI) Q3 2026 Earnings Call April 16, 2026 2:00 PM EDT Company Participants Brendan Hopkins - Investor Relations OfficerWarren Kruger - Chairman, President, CEO, CFO and Principal Fin. & Acc. officer Conference Call Participants Eric NickersonAdam PosnerJohn BrandenburgSean MarconiLuke Wheatley Presentation Operator Good day, everyone, and welcome to today's Greystone Logistics Q3 Results Conference Call. [Operator Instructions] Please note, this call is being recorded, and I'll be standing by for assistance. Now I'll turn the call over to your host, Brendan Hopkins. Please go ahead. Brendan HopkinsInvestor Relations Officer Thank you, and thank you, everyone, for joining us today. We have a brief safe harbor, and then we'll get going. 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 provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from forecasted results. With that said, I would like to turn the call over to Warren Kruger, CEO of Greystone Logistics. Warren KrugerChairman, President, CEO, CFO and Principal Fin. & Acc. officer Thank you, Brendan. I appreciate it. And thanks, everyone, for joining the call today. I wanted to just kind of get down to the nuts and bolts and the reality of it, again, to reiterate from a 30,000-foot level what's transpired in the last 6 months. Our biggest customer for the last 11 years, in November, called and just said, "Today is our last day." And they had tried to sell 3 times -- we went over this last call, but I'm just kind of reiterating where we were, and they apparently have decided to not go in a growth mode, but just kind of

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