GST AutoLeather marks $1.4 million of income for March; sales improve

By Caroline Salls

Pittsburgh, May 10 – GST AutoLeather, Inc. posted $1.4 million of operating income for March on $23.85 million in net sales, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company reported $569,881 of operating income for February on $21.01 million in net sales.

Cash and cash equivalents were $2.39 million as of March 31, up from $1.63 million at the end of February.

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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