See more : Tata Steel Limited (TATLY) Income Statement Analysis – Financial Results
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 to Report 2022 First Quarter Financial Results and Host Conference Call on Thursday, May 12, 2022
CHINO, Calif., April 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 first quarter financial...
Karat Packaging's (KRT) CEO Alan Yu on Q4 2021 Results - Earnings Call Transcript
Karat Packaging's (KRT) CEO Alan Yu on Q4 2021 Results - Earnings Call Transcript
Karat Packaging to Report Fourth Quarter and Full Year 2021 Financial Results and Host Conference Call on Wednesday, March 23, 2022
CHINO, Calif., March 07, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat Packaging” 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 fourth quarter and...
Karat Packaging Plans Logistics Service Expansion; Orders For 10 Tesla Semi Trucks
Karat Packaging Inc (NASDAQ: KRT) plans to expand its logistic offerings geographically from its existing distribution centers in Texas, New Jersey, and South Carolina in those regions and further expansion in California. Karat Packaging currently has 86 trucks and trailers and provides third-party...
Karat Packaging says it has ordered 10 Tesla Semi Trucks
Karat Packaging Inc. KRT, +1.39% , a maker of disposable foodservice products, said Tuesday it has placed an order for 10 Tesla TSLA, -3.50% Semi trucks. The Chino, California-based Karat has a fleet of 86 trucks and offers third-party logistics...
Karat Packaging Inc. (KRT) CEO Alan Yu on Q3 2021 Results - Earnings Call Transcript
Karat Packaging Inc. (KRT) CEO Alan Yu on Q3 2021 Results - Earnings Call Transcript
Karat Packaging Raises Q3 Sales Outlook
Karat Packaging Inc (NASDAQ: KRT) raised its third-quarter net sales outlook of $102 million - $103 million (consensus $101.3 million), compared to $76.3 million in the prior-year period. The company had earlier expected Q3 sales of $100 million - $102 million.
Karat Packaging Announces Departure of Chief Financial Officer and Appoints Peter Lee as Interim Chief Financial Officer
CHINO, Calif., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced that Ann T. Sabahat, chief financial officer, has resigned for personal reasons, effective...
Karat Packaging, Inc. (KRT) CEO Alan Yu on Q2 2021 Results - Earnings Call Transcript
Karat Packaging, Inc. (KRT) CEO Alan Yu on Q2 2021 Results - Earnings Call Transcript
Karat Packaging Reports 2021 Second Quarter Financial Results
Net Sales Advance 11.6 Percent Over Prior Year and 69.4 Percent, Excluding Last Year's Sales of PPE-Related Products Net Sales Advance 11.6 Percent Over Prior Year and 69.4 Percent, Excluding Last Year's Sales of PPE-Related Products
Source: https://incomestatements.info
Category: Stock Reports