Profile
Sector:
Consumer CyclicalIndustry:
Packaging & ContainersCountry:
United StatesIPO:
15 April 2021Website:
http://www.karatpackaging.comNext earnings report:
08 November 2024Last dividends:
21 August 2024Next dividends:
N/APrice
after hours | 54 min agoAnalysts recommendations
Institutional Ownership
KRT Latest News
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 officer, will participate at Lake Street Capital Market's 8th Annual Best Ideas Growth (BIG8) Conference in New York, on September 12, 2024. Management will conduct one-on-one meetings with investors during the conference.
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.
Karat Packaging Inc. (NASDAQ:KRT ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Roger Pondel - IR, PondelWilkinson Inc. Alan Yu - CEO Jian Guo - CFO Conference Call Participants Ryan Merkel - William Blair Jake Bartlett - Truist Ryan Meyers - Lake Street Capital Markets Brian Butler - Stifel Operator Thank you for standing by. My name is Celine, and I will be your conference operator today.
CHINO, Calif., Aug. 07, 2024 (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 approved payment of a regular quarterly cash dividend of $0.35 per share. The board also declared a special cash dividend of $0.15 per share on the Company's common stock.
CHINO, Calif., July 25, 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 second quarter financial results after market close on Thursday, August 8, 2024. The Company will host an investor conference call on the same day.
Karat Packaging (KRT) experiences a decrease in both revenue and profit in the first quarter compared to the previous year, primarily due to lower prices.
Karat Packaging (KRT) witnesses a decline in Q4 earnings despite higher revenues, mainly due to higher operating expenses.
Karat Packaging Inc. (KRT) Q4 2023 Earnings Call Transcript
Karat Packaging offers industry-leading margins, solid growth opportunities and a bias towards returning value to shareholders via regular and special dividends. Management has held the reins for over 20 years developing a robust supplier network offering a range of eco-friendly, bespoke, and branded products for the single-use foodservice industry. Regulatory and secular tailwinds favor Karat into 2024 and beyond, and these are independent of an improving cost structure and low-hanging growth opportunities.
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What type of business is Karat Packaging?
Karat Packaging Inc., together with its subsidiaries, engages in the manufacture and distribution of 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 also provides new product development, design, printing, and logistics services. It offers its products to national and regional distributors, restaurant chains, retail establishments, and online customers. The company was founded in 2000 and is based in Chino, California.
What sector is Karat Packaging in?
Karat Packaging is in the Consumer Cyclical sector
What industry is Karat Packaging in?
Karat Packaging is in the Packaging & Containers industry
What country is Karat Packaging from?
Karat Packaging is headquartered in United States
When did Karat Packaging go public?
Karat Packaging initial public offering (IPO) was on 15 April 2021
What is Karat Packaging website?
https://www.karatpackaging.com
Is Karat Packaging in the S&P 500?
No, Karat Packaging is not included in the S&P 500 index
Is Karat Packaging in the NASDAQ 100?
No, Karat Packaging is not included in the NASDAQ 100 index
Is Karat Packaging in the Dow Jones?
No, Karat Packaging is not included in the Dow Jones index
When was Karat Packaging the previous earnings report?
No data
When does Karat Packaging earnings report?
The next expected earnings date for Karat Packaging is 08 November 2024