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.

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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

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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Karat Packaging Inc. (NASDAQ:KRT ) Q2 2023 Earnings Conference Call August 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 Michael Hoffman – Stifel Ryan Meyers – Lake Street Capital Ryan Merkel – William Blair Jake Bartlett – Truist Securities Operator Good day, and welcome to the Karat Packaging Inc. Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.

Karat Packaging Inc. (KRT) Q2 2023 Earnings Call Transcript

-- Sustained Strong Margin Expansion -- CHINO, Calif., Aug. 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 quarter ended June 30, 2023.

Karat Packaging Reports 2023 Second Quarter Financial Results

CHINO, Calif., Aug. 09, 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 Board of Directors has declared a special cash dividend of $0.40 per share on the Company's common stock. Additionally, the Board of Directors approved a quarterly cash dividend policy and declared a quarterly cash dividend of $0.10 per share on the Company's common stock. The amount of future quarterly cash dividends will be at the sole discretion of the Board of Directors.

Karat Packaging Declares Special Cash Dividend; Approves Quarterly Cash Dividend Policy and Declares Quarterly Cash Dividend

CHINO, Calif., July 27, 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 will release its 2023 second quarter financial results after market close on Wednesday, August 9, 2023. The Company will host an investor conference call on the same day.

Karat Packaging to Report 2023 Second Quarter Financial Results and Host Conference Call on Wednesday, August 9, 2023

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Karat Packaging Inc. (NASDAQ:KRT ) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Roger Pondel - Investor Relations Alan Yu - Chief Executive Officer Jian Guo - Chief Financial Officer Conference Call Participants Jake Bartlett - Truist Securities Ryan Meyers - Lake Street Capital Markets Michael Hoffman - Stifel Ryan Merkel - William Blair Operator Good day and welcome to the Karat Packaging Inc. First Quarter 2023 Earnings Conference Call. Today, all participants will be in listen-only mode.

Karat Packaging Inc. (KRT) Q1 2023 Earnings Call Transcript

CHINO, Calif., May 09, 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 Board of Directors has declared a special cash dividend of $0.35 per share on the Company's common stock. The special dividend is payable on or about May 31, 2023, to shareholders of record at the close of business on May 23, 2023.

News for Karat Packaging Stock (KRT)