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Karat Packaging (KRT) Company Overview

Profile

Full Name:

Karat Packaging Inc.

Country:

United States

IPO:

April 15, 2021

Indexes:

Not included

Description:

Karat Packaging, or KRT, is a company that specializes in providing high-quality disposable food packaging products. They offer a wide range of items, including containers, plates, and utensils, catering to restaurants and food service businesses. KRT focuses on sustainability and innovation in their packaging solutions.

Key Details

Price

$29.77

Annual Revenue

$405.65 M(-4.09% YoY)

Annual EPS

$1.63(+36.97% YoY)

Beta

1.42

Events Calendar

Earnings

Next earnings date:

Mar 14, 2025

Recent quarterly earnings:

Nov 7, 2024

Recent annual earnings:

Mar 14, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Nov 20, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Jan 2, 25 William Blair
Market Perform
Dec 11, 24 Stifel
Buy
Aug 9, 24 Truist Securities
Hold
Mar 15, 24 Truist Securities
Buy
Mar 15, 24 Stifel
Buy
Nov 10, 23 Truist Securities
Buy
Sep 6, 23 Stifel
Buy
Aug 11, 23 Lake Street
Buy
Jan 4, 23 Lake Street
Buy
Mar 24, 22 Truist Securities
Buy

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Karat Packaging, Inc. (KRT) Q3 2024 Earnings Call Transcript
Karat Packaging, Inc. (KRT) Q3 2024 Earnings Call Transcript
Karat Packaging, Inc. (KRT) Q3 2024 Earnings Call Transcript
KRT
seekingalpha.comNovember 9, 2024

Karat Packaging, Inc. (NASDAQ:KRT ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Roger Pondel - IR, PondelWilkinson Inc. Alan Yu - CEO Jian Guo - CFO Conference Call Participants Ryan Meyers - Lake Street Capital Markets Jake Bartlett - Truist Securities Brian Butler - Stifel Operator Hello, and thank you for standing by. At this time, I'd like to welcome everyone to the Karat Packaging, Inc. Third Quarter 2024 Earnings Conference Call.

Karat Packaging to Report 2024 Third Quarter Financial Results and Host Conference Call on Thursday, November 7, 2024
Karat Packaging to Report 2024 Third Quarter Financial Results and Host Conference Call on Thursday, November 7, 2024
Karat Packaging to Report 2024 Third Quarter Financial Results and Host Conference Call on Thursday, November 7, 2024
KRT
globenewswire.comOctober 24, 2024

CHINO, Calif., Oct. 24, 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 third quarter financial results after market close on Thursday, November 7, 2024. The Company will host an investor conference call on the same day.

Karat Packaging to Present at Lake Street's 8th Annual Best Ideas Growth Conference, September 12
Karat Packaging to Present at Lake Street's 8th Annual Best Ideas Growth Conference, September 12
Karat Packaging to Present at Lake Street's 8th Annual Best Ideas Growth Conference, September 12
KRT
globenewswire.comAugust 28, 2024

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) Stock Dips on Q2 Earnings & Revenue Miss
Karat Packaging (KRT) Stock Dips on Q2 Earnings & Revenue Miss
Karat Packaging (KRT) Stock Dips on Q2 Earnings & Revenue Miss
KRT
zacks.comAugust 19, 2024

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. (KRT) Q2 2024 Earnings Call Transcript
Karat Packaging Inc. (KRT) Q2 2024 Earnings Call Transcript
Karat Packaging Inc. (KRT) Q2 2024 Earnings Call Transcript
KRT
seekingalpha.comAugust 10, 2024

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.

Karat Packaging Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend
Karat Packaging Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend
Karat Packaging Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend
KRT
globenewswire.comAugust 7, 2024

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.

Karat Packaging to Report 2024 Second Quarter Financial Results and Host Conference Call on Thursday, August 8, 2024
Karat Packaging to Report 2024 Second Quarter Financial Results and Host Conference Call on Thursday, August 8, 2024
Karat Packaging to Report 2024 Second Quarter Financial Results and Host Conference Call on Thursday, August 8, 2024
KRT
globenewswire.comJuly 25, 2024

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) Q1 Earnings & Revenues Miss Estimates
Karat Packaging (KRT) Q1 Earnings & Revenues Miss Estimates
Karat Packaging (KRT) Q1 Earnings & Revenues Miss Estimates
KRT
Zacks Investment ResearchMay 14, 2024

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) Q4 Earnings Miss Mark, Revenues Up Y/Y
Karat Packaging (KRT) Q4 Earnings Miss Mark, Revenues Up Y/Y
Karat Packaging (KRT) Q4 Earnings Miss Mark, Revenues Up Y/Y
KRT
Zacks Investment ResearchMarch 15, 2024

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 Inc. (KRT) Q4 2023 Earnings Call Transcript
Karat Packaging Inc. (KRT) Q4 2023 Earnings Call Transcript
KRT
Seeking AlphaMarch 14, 2024

Karat Packaging Inc. (KRT) Q4 2023 Earnings Call Transcript

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FAQ

  • What is the ticker symbol for Karat Packaging?
  • Does Karat Packaging pay dividends?
  • What sector is Karat Packaging in?
  • What industry is Karat Packaging in?
  • What country is Karat Packaging based in?
  • When did Karat Packaging go public?
  • Is Karat Packaging in the S&P 500?
  • Is Karat Packaging in the NASDAQ 100?
  • Is Karat Packaging in the Dow Jones?
  • When was Karat Packaging's last earnings report?
  • When does Karat Packaging report earnings?
  • Should I buy Karat Packaging stock now?

What is the ticker symbol for Karat Packaging?

The ticker symbol for Karat Packaging is NASDAQ:KRT

Does Karat Packaging pay dividends?

Yes, Karat Packaging pays dividends. The last payment was $0.40, with an ex-dividend date on November 20, 2024

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 based in?

Karat Packaging is headquartered in United States

When did Karat Packaging go public?

Karat Packaging's initial public offering (IPO) was on April 15, 2021

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's last earnings report?

Karat Packaging's most recent earnings report was on Nov 7, 2024

When does Karat Packaging report earnings?

The next expected earnings date for Karat Packaging is Mar 14, 2025

Should I buy Karat Packaging stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions