Karat Packaging Inc. (KRT) Income Statement Analysis

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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)

Industry: Packaging & Containers

Sector: Consumer Cyclical

Website: https://www.karatpackaging.com

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

September 19, 2023globenewswire.com

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...

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

September 7, 2023globenewswire.com

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...

Karat Packaging Inc. Announces Proposed Secondary Offering of Common Stock

September 7, 2023globenewswire.com

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...

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

August 31, 2023globenewswire.com

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...

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

August 30, 2023globenewswire.com

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...