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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) Q4 2022 Earnings Call Transcript
Karat Packaging Inc. (NASDAQ:KRT ) Q4 2022 Earnings Conference Call March 16, 2023 5:00 PM ET Company Participants Alan Yu - Chief Executive Officer Jian Guo - Chief Financial Officer Roger Pondel - Investor Relations Conference Call Participants Jake Bartlett...
Karat Packaging to Report 2022 Fourth Quarter and Full Year Financial Results and Host Conference Call on Thursday, March 16, 2023
CHINO, Calif., March 09, 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 2022 fourth quarter and full year...
Karat Packaging: New Eco-Friendly Materials Could Revolutionize FCF Generation
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Karat Packaging Inc. (KRT) CEO Alan Yu on Q3 2022 Results - Earnings Call Transcript
Karat Packaging Inc. (NASDAQ:KRT ) Q3 2022 Earnings Conference Call November 10, 2022 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...
Karat Packaging Inc. (KRT) CEO Alan Yu on Q2 2022 Results - Earnings Call Transcript
Karat Packaging Inc. (NASDAQ:KRT ) Q2 2022 Earnings Conference Call August 11, 2022 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...
Karat Packaging to Report 2022 Second Quarter Financial Results and Host Conference Call on Thursday, August 11, 2022
CHINO, Calif., July 28, 2022 (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 2022 second quarter financial...
Karat Packaging to Participate in Two June Investor Conferences
CHINO, Calif., May 24, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat”), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced that it will participate in two investor conferences in June.
Karat Packaging Inc. (KRT) CEO Alan Yu on Q1 2022 Results - Earnings Call Transcript
Karat Packaging Inc. (NASDAQ:KRT ) Q1 2022 Results Conference Call May 12, 2022 5:00 PM ET Company Participants Roger Pondel - IR, PondelWilkinson Alan Yu - CEO Jian Guo - CFO Conference Call Participants Jake Bartlett - Truist Securities Brian...
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