Sustainable Green Team, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 10.75 million compared to USD 6.43 million a year ago. Net income was USD 7.09 million compared to USD 1.23 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.01 a year ago.
For the nine months, sales was USD 25.78 million compared to USD 28.98 million a year ago. Net income was USD 3.19 million compared to USD 0.989304 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.01 a year ago.
Sustainable Green Team, Ltd. is a wholesale manufacturer and supplier of wood-based mulch, soil, and lumber products, selling directly to mass merchandisers, home centers, hardware stores, nurseries, garden centers, convenience stores, food stores and drug stores, in addition to wholesalers and distributors. It also provides arbor care and storm recovery services at the residential, commercial, and municipal levels while offering green waste solutions to large- and small-scale waste disposal and recycling companies located throughout the southeastern United States. Its products include HumiSoil; bio-cleaning products, such as Meet Mikro Clean Pet, MIKRO CLEAN ULTRA, MIKRO CLEAN, and Mikro Clean Auto; R3VIVE ODOR and WASTE products; PROT3CT BIO-PRODUCTS; XLR8 Bio Liquid Bio-Organic fertilizer, and MULCH. HumiSoil is an organic product that jumpstarts the natural process of humus formation in the soil. It also owns Regen Hubs, focused on improving soil health and reducing chemical usage.
