GST AutoLeather marks $569,881 February operating income; sales climb

By Caroline Salls

Pittsburgh, April 2 – GST AutoLeather, Inc. posted $569,881 of operating income for February on $21.01 million in net sales, according to its monthly operating report filed March 30 with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company reported $631,862 of operating income for January on $20.66 million in net sales.

Cash and cash equivalents were $1.63 million as of Feb. 28, down from $3.44 million at the end of January.

GST, a Southfield, Mich.-based automotive leather manufacturer, filed bankruptcy on Oct. 3, 2017. The Chapter 11 case number is 17-12100.

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