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Complete financial analysis of Karat Packaging Inc. (KRT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Karat Packaging Inc., a leading company in the Packaging & Containers industry within the Consumer Cyclical sector.
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Karat Packaging Inc. (KRT)
About Karat Packaging Inc.
Karat Packaging Inc. manufactures and distributes single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand. The company offers its products to domestic and regional distributors, restaurant chains, retail establishments, and online customers. It also provides new product development, design, printing, and logistics services. Karat Packaging Inc. was founded in 2000 and is based in Chino, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 405.65M | 422.96M | 364.24M | 295.52M | 224.91M | 175.43M | 140.06M |
| Cost of Revenue | 252.61M | 290.87M | 256.42M | 206.39M | 163.89M | 131.98M | 98.75M |
| Gross Profit | 153.04M | 132.09M | 107.83M | 89.13M | 61.02M | 43.46M | 41.31M |
| Gross Profit Ratio | 37.73% | 31.23% | 29.60% | 30.16% | 27.13% | 24.77% | 29.49% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 66.95M | 66.23M | 52.42M | 39.24M | 38.71M | 32.00M | 28.79M |
| Selling & Marketing | 41.49M | 35.84M | 32.26M | 22.19M | 16.47M | 9.32M | 6.51M |
| SG&A | 108.44M | 102.07M | 84.68M | 61.43M | 55.18M | 41.32M | 35.30M |
| Other Expenses | 2.53M | 721.00K | 1.19M | 394.00K | -219.00K | 464.00K | 277.00K |
| Operating Expenses | 110.97M | 102.07M | 84.68M | 61.43M | 55.18M | 41.32M | 35.30M |
| Cost & Expenses | 363.58M | 392.94M | 341.10M | 267.82M | 219.07M | 173.30M | 134.05M |
| Interest Income | 1.80M | 2.23M | 1.51M | 5.49M | 4.75M | 0.00 | 0.00 |
| Interest Expense | 2.04M | 2.02M | 1.40M | 5.49M | 4.75M | 1.46M | 1.28M |
| Depreciation & Amortization | 15.75M | 14.23M | 10.04M | 8.57M | 5.95M | 3.96M | 3.12M |
| EBITDA | 60.78M | 48.76M | 33.19M | 36.27M | 11.79M | 6.09M | 9.13M |
| EBITDA Ratio | 14.98% | 11.16% | 9.44% | 12.41% | 5.14% | 3.74% | 6.71% |
| Operating Income | 42.08M | 30.02M | 23.15M | 27.70M | 5.84M | 2.13M | 6.01M |
| Operating Income Ratio | 10.37% | 7.10% | 6.35% | 9.37% | 2.59% | 1.22% | 4.29% |
| Total Other Income/Expenses | 908.00K | 2.50M | 4.38M | -5.77M | -2.89M | -585.00K | -1.36M |
| Income Before Tax | 42.98M | 32.51M | 27.53M | 21.93M | 2.95M | 1.55M | 4.65M |
| Income Before Tax Ratio | 10.60% | 7.69% | 7.56% | 7.42% | 1.31% | 0.88% | 3.32% |
| Income Tax Expense | 9.80M | 6.68M | 5.09M | 5.26M | 781.00K | 1.67M | 96.00K |
| Net Income | 32.47M | 23.65M | 20.78M | 17.52M | 1.72M | 21.00K | 4.55M |
| Net Income Ratio | 8.00% | 5.59% | 5.70% | 5.93% | 0.77% | 0.01% | 3.25% |
| EPS | 1.63 | 1.19 | 1.05 | 1.15 | 0.11 | 0.00 | 0.21 |
| EPS Diluted | 1.63 | 1.19 | 1.05 | 1.13 | 0.11 | 0.00 | 0.21 |
| Weighted Avg Shares Out | 19.90M | 19.82M | 19.80M | 15.18M | 15.19M | 19.12M | 14.72M |
| Weighted Avg Shares Out (Dil) | 19.98M | 19.93M | 19.80M | 15.45M | 15.19M | 19.12M | 14.72M |
Karat Packaging, Inc. (KRT) Q3 2024 Earnings Call Transcript
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...
Karat Packing (KRT) Q3 Earnings and Revenues Miss Estimates
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 Packaging Reports 2024 Third Quarter Financial Results
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...
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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Karat Packaging to Report 2024 Third Quarter Financial Results and Host Conference Call on Thursday, November 7, 2024
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...
Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Karat Packaging to Present at Lake Street's 8th Annual Best Ideas Growth Conference, September 12
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...
Karat Packaging (KRT) Stock Dips on Q2 Earnings & Revenue Miss
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.
Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Source: https://incomestatements.info
Category: Stock Reports