Item 2.02. Results of Operations and Financial Condition.
On January 19, 2021, Greystone Logistics, Inc. (the "Company") issued a press
release regarding results of operations for the three months and six months
ended November 30, 2020. A copy of the press release dated January 19, 2021 is
attached hereto as Exhibit 99.1.
The information being furnished hereunder discloses EBITDA, a non-GAAP financial
measure within the meaning of Regulation G promulgated by the Securities and
Exchange Commission. The Company believes that EBITDA is a useful measure of
evaluating its financial performance because of its focus on the Company's
results from operations before interest, income taxes, depreciation and
amortization. EBITDA is utilized for internal analysis of the Company. EBITDA is
not a measure of financial performance under GAAP and should not be considered
in isolation or as an alternative to other financial measures determined under
GAAP. However, EBITDA is commonly used by investors, financial analysts and
rating agencies as an alternative measure of evaluating, comparing and rating
operating performance. EBITDA presented by the Company may not be comparable to
similarly titled measures reported by other companies.
The information in this Form 8-K, including exhibits, is being furnished
pursuant to Item 2.02 of Form 8-K and shall not be deemed "filed" for purposes
of Section 18 of the Securities Exchange Act of 1934, nor shall it be
incorporated by reference into any registration statement filed by the Company
under the Securities Act of 1933, as amended, unless specifically identified
therein as being incorporated therein by reference.
Item 7.01. Regulation FD Disclosure.
As noted above in Item 2.02 of this Current Report on Form 8-K, the registrant
issued a press release on January 19, 2021. A copy of the press release is
attached to this Current Report on Form 8-K as Exhibit 99.1 and is being
furnished pursuant to Regulation FD.
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