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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 |
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Karat Packaging Inc. (KRT) Q2 2023 Earnings Call Transcript
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...
Karat Packaging Reports 2023 Second Quarter Financial Results
-- 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...
Karat Packaging Declares Special Cash Dividend; Approves Quarterly Cash Dividend Policy and Declares Quarterly Cash Dividend
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...
Karat Packaging to Report 2023 Second Quarter Financial Results and Host Conference Call on Wednesday, August 9, 2023
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...
4 Packaging Stocks to Watch Amid Industry Headwinds
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Karat Packaging to Report 2023 First Quarter Financial Results and Host Conference Call on Wednesday, May 10, 2023
CHINO, Calif., May 01, 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 first quarter financial results after...
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