Karat Packaging

Karat Packaging, Inc. manufactures and distributes disposable products for the restaurants and foodservice industry. The company was founded by Alan Yu and Marvin Cheng and is headquartered in Chino, CA.

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Karat Packaging reports record margins and strategic growth initiatives

Karat Packaging's Q4 2022 performance reflects resilience amid deflationary pressures, with a focus on margin improvement and growth strategies.
The company's financial strength, cost management initiatives, and strategic shifts position it well for future growth and profitability.
While short-term challenges exist, Karat Packaging's proactive measures and focus on operational efficiency present opportunities for sustainable growth.
Balancing cost reductions, margin expansion, and revenue diversification will be key for Karat Packaging's success in 2023 and beyond.

Karat Packaging reports record gross margin and eco-friendly growth strategy

Karat Packaging's Q1 2023 performance reflects resilience and efficiency despite market challenges, with a focus on eco-friendly products driving growth.
Management's strategic initiatives, including targeting national accounts and unique compostable offerings, position the company for future success.
While facing valuation concerns and market dynamics, Karat Packaging remains optimistic about growth potential and revenue expansion through operational excellence.

Karat Packaging reports mixed Q2 results, eyes dividend growth

Karat Packaging navigated a challenging Q2 2023 with declining net sales but managed to boost gross profit and net income significantly. The company's strategic dividend declarations and raised gross margin goal reflect a commitment to shareholder value and sustainable growth. Overcoming operational hurdles and capitalizing on growth opportunities will be key focus areas moving forward.

Karat Packaging (KRT) reports strong Q3 earnings, eyes growth strategies

Karat Packaging delivered robust financial performance in Q3 2023, driven by sales volume and net income growth.
Operational efficiencies and margin expansion strategies are strengthening the company's financial position.
Despite regional sales challenges, the company's focus on growth initiatives and profitability enhancement bodes well for future prospects.

Karat Packaging reports strong Q4 earnings, eyes growth through automation

Karat Packaging delivered solid financial results in Q4 2023, showcasing growth in sales volume and gross margin expansion. While facing revenue challenges, the company is well-positioned for growth through expansion, technology adoption, and potential M&A activities.

Karat Packaging reports Q1 growth, focuses on eco-friendly innovation

Karat Packaging's Q1 2024 performance showed sales volume growth and a strong gross margin, despite challenges in certain sales categories and lease-related impairments.
The company's strengths lie in its commitment to eco-friendly products, operational efficiency improvements, and confidence in its financial position.
Opportunities for Karat Packaging include strategic acquisitions and product innovation to drive market penetration and meet changing customer demands.

Karat Packaging reports robust Q3 earnings, eyes growth opportunities

Karat Packaging delivered strong Q3 results with sales and volume growth, driven by eco-friendly product sales and operational efficiencies. Despite challenges from high freight rates, the company remains optimistic about future growth prospects. Focus on online business, supermarket expansion, and sustainability bode well for future performance.

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Karat Packaging, Inc. manufactures and distributes disposable products for the restaurants and foodservice industry. The company was founded by Alan Yu and Marvin Cheng in 2000 and is headquartered in Chino, CA.

Karat Packaging, Inc. (NASDAQ:KRT ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Roger Pondel - IR, PondelWilkinson Inc. Alan Yu - CEO Jian Guo - CFO Conference Call Participants Ryan Meyers - Lake Street Capital Markets Jake Bartlett - Truist Securities Brian Butler - Stifel Operator Hello, and thank you for standing by. At this time, I'd like to welcome everyone to the Karat Packaging, Inc. Third Quarter 2024 Earnings Conference Call.

Karat Packaging, Inc. (KRT) Q3 2024 Earnings Call Transcript

Karat Packing (KRT) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.47 per share a year ago.

Karat Packing (KRT) Q3 Earnings and Revenues Miss Estimates

CHINO, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its 2024 third quarter ended September 30, 2024.

Karat Packaging Reports 2024 Third Quarter Financial Results

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CHINO, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) --  Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2024 third quarter financial results after market close on Thursday, November 7, 2024. The Company will host an investor conference call on the same day.

Karat Packaging to Report 2024 Third Quarter Financial Results and Host Conference Call on Thursday, November 7, 2024

Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields

CHINO, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that Alan Yu, its chief executive officer, and Jian Guo, its chief financial officer, will participate at Lake Street Capital Market's 8th Annual Best Ideas Growth (BIG8) Conference in New York, on September 12, 2024. Management will conduct one-on-one meetings with investors during the conference.

Karat Packaging to Present at Lake Street's 8th Annual Best Ideas Growth Conference, September 12

Karat Packaging (KRT) reports a 29% y/y decline in second-quarter 2024 earnings despite a 3.5% rise in revenues, owing to higher freight costs and operating expenses.

Karat Packaging (KRT) Stock Dips on Q2 Earnings & Revenue Miss

Karat Packaging Inc. (NASDAQ:KRT ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Roger Pondel - IR, PondelWilkinson Inc. Alan Yu - CEO Jian Guo - CFO Conference Call Participants Ryan Merkel - William Blair Jake Bartlett - Truist Ryan Meyers - Lake Street Capital Markets Brian Butler - Stifel Operator Thank you for standing by. My name is Celine, and I will be your conference operator today.

Karat Packaging Inc. (KRT) Q2 2024 Earnings Call Transcript

CHINO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its 2024 second quarter ended June 30, 2024.

Karat Packaging Reports 2024 Second Quarter Financial Results

CHINO, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (the “Company” or “Karat”), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its board of directors has approved payment of a regular quarterly cash dividend of $0.35 per share. The board also declared a special cash dividend of $0.15 per share on the Company's common stock.

Karat Packaging Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend

CHINO, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2024 second quarter financial results after market close on Thursday, August 8, 2024. The Company will host an investor conference call on the same day.

Karat Packaging to Report 2024 Second Quarter Financial Results and Host Conference Call on Thursday, August 8, 2024

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CHINO, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat”), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that it will participate in two investor conferences in June.

Karat Packaging to Participate in Two June Investor Conferences

Karat Packaging (KRT) Q1 top and bottom lines decline y/y due to low pricing.

Karat Packaging (KRT) Q1 Earnings & Revenues Miss Estimates

Karat Packaging Inc. (NASDAQ:KRT ) Q1 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Roger Pondel - Investor Relations Alan Yu - Chief Executive Officer Jian Guo - Chief Financial Officer Conference Call Participants Michael Hoffman - Stifel Ryan Meyers - Lake Street Capital Markets Mike Francis - William Blair Operator Thank you for standing by. My name is Kat, and I will be your conference operator today.

Karat Packaging Inc. (KRT) Q1 2024 Earnings Call Transcript

Karat specializes in the manufacturing and distribution of on-the-go packaging products. The company is pivoting towards being an asset-light business focused on supplying packaging, rather than manufacturing it. By dedicating more resources to distribution, Karat can focus on providing better and faster customer service, which can end up translating into a competitive advantage.

Karat Packaging: Shift In Business Model Could Be A Moat Source

CHINO, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced financial results for its 2024 first quarter ended March 31, 2024.

Karat Packaging Reports 2024 First Quarter Financial Results

CHINO, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (the “Company” or “Karat”), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its board of directors approved the payment of a regular quarterly dividend of $0.35 per share on the Company's common stock, reflecting an increase from the previous quarterly dividend of $0.30 per share.

Karat Packaging Board Declares Increase in Quarterly Cash Dividend

Karat Packaging (KRT) witnesses a decline in Q4 earnings despite higher revenues, mainly due to higher operating expenses.

Karat Packaging (KRT) Q4 Earnings Miss Mark, Revenues Up Y/Y

Karat Packaging Inc. (KRT) Q4 2023 Earnings Call Transcript

Record Full Year Gross Margin and Net Income as Business Continues to Expand Record Full Year Gross Margin and Net Income as Business Continues to Expand

Karat Packaging Reports Fourth Quarter and Full Year 2023 Financial Results

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CHINO, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2023 fourth quarter and full year financial results after market close on Thursday, March 14, 2024. The Company will host an investor conference call on the same day.

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