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.

Earnings data Q1 2024

Karat Packaging Inc. achieves record gross margin, plans expansion

Karat Packaging Inc. reported strong Q1 2023 results despite industry-wide deflationary environment and price reductions. It anticipates stable ocean freight costs and multiple price reductions to balance out higher and lower margin chain accounts, aiming for a gross margin goal of 32% to 33% for 2023.

Karat Packaging reports resilient Q2 performance, focuses on eco-friendly products

Karat Packaging's Q2 2023 performance reflects resilience amid operational challenges, with a focus on eco-friendly product sales and strategic expansion plans. While facing hurdles such as delayed warehouse operations and softening demand, the company aims to capitalize on opportunities by hiring additional sales reps and raising its full-year gross margin goal.

Karat Packaging Inc. reports robust Q3 earnings and outlines 2024 growth strategies

Karat Packaging Inc. delivered strong financial results in Q3 2023, driven by increased sales volume and higher net income. While facing challenges in certain regions, the company is focused on leveraging its strengths in eco-friendly products, operational efficiency, and dividend payments to capitalize on growth opportunities in 2024.

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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 (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.

Karat Packaging to Report 2023 Fourth Quarter and Full Year Financial Results and Host Conference Call on Thursday, March 14, 2024

CHINO, Calif., Feb. 08, 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 $0.30 per share on the Company's common stock, reflecting an increase from the previous quarterly dividend of $0.20 per share.

Karat Packaging Board Declares Increase in Quarterly Cash Dividend

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Karat Packaging offers industry-leading margins, solid growth opportunities and a bias towards returning value to shareholders via regular and special dividends. Management has held the reins for over 20 years developing a robust supplier network offering a range of eco-friendly, bespoke, and branded products for the single-use foodservice industry. Regulatory and secular tailwinds favor Karat into 2024 and beyond, and these are independent of an improving cost structure and low-hanging growth opportunities.

Karat Packaging: More Karat, Less Stick

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Karat Packaging Inc. (NASDAQ:KRT ) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Roger Pondel - PondelWilkinson-Investor Relations Alan Yu - Chief Executive Officer Jian Guo - Chief Financial Officer Conference Call Participants Ryan Merkel - William Blair Michael Hoffman - Stifel Nicolaus Ryan Meyers - Lake Street Capital Markets Jake Bartlett - Truist Securities Operator Good afternoon, and welcome to the Karat Packaging Inc. Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.

Karat Packaging Inc. (KRT) Q3 2023 Earnings Call Transcript

- 49% Expansion of Net Income with Continued Success in Growth Strategy Execution - CHINO, Calif., Nov. 09, 2023 (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 third quarter and nine-months ended September 30, 2023.

Karat Packaging Reports 2023 Third Quarter Financial Results

Karat Packaging has experienced significant organic revenue growth in the long term. The company has scaled its gross margin significantly in the first half of 2023, possibly causing revenue decreases that the company has currently faced. I believe the currently quite low valuation represents a good risk-to-reward for the stock.

Karat Packaging: A Buy If The Growth Story Continues

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CHINO, Calif., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced it has completed a strategic initiative to expand its national salesforce, with the addition of five experienced sales representatives focusing on the East coast and Mid-west regions.

Karat Packaging Expands National Salesforce, Focusing on Greater Penetration in East Coast and Mid-West Regions

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CHINO, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced the pricing of its previously announced underwritten secondary offering of 1,000,000 shares of Karat's common stock by certain members of the Company's management team (collectively, the “Selling Stockholders”) at a price of $21.00 per share. The underwriter has been granted a 30-day option to purchase up to an additional 150,000 shares of Karat's common stock from a Selling Stockholder. The offering is expected to close on September 12, 2023, subject to the satisfaction of customary closing conditions. The Company will not receive any proceeds from the sale of shares by the Selling Stockholders.

Karat Packaging Inc. Announces Pricing of Secondary Offering of Common Stock

CHINO, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced the commencement of a proposed public offering of Karat's common stock by certain members of the Company's management team (the “Selling Stockholders”). The Selling Stockholders will also grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of Karat's common stock offered in the offering from the Selling Stockholders.

Karat Packaging Inc. Announces Proposed Secondary Offering of Common Stock

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CHINO, Calif., Aug. 31, 2023 (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 Chief Operating Officer, Joanne Wang, will retire as an officer effective December 1, 2023. Wang also will relinquish her seat on the Company's five-person board, which will remain vacant until a successor is appointed.

Karat Packaging's COO/Director to Retire; Company Appoints Chief Revenue Officer

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CHINO, Calif., Aug. 30, 2023 (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 7th Annual Best Ideas Growth (BIG7) Conference in New York, on September 14, 2022. Management will conduct one-on-one meetings with investors during the conference.

Karat Packaging to Present at Lake Street's 7th Annual Best Ideas Growth Conference, September 14

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