CHINO, Calif., Nov. 07, 2024 (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 results for its 2024 third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net sales of $112.8 million, up 6.9 percent from the prior-year quarter.Gross profit of $43.5 million, up 11.7 percent from prior-year quarter.Gross margin of 38. ...

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. Call Date:  Thursday, November 7, 2024Time:  2:00 p.m. PT/5:00 p.m. ETPhone:  646-307-19 ...

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. To receive addit ...

Shares of Karat Packaging, Inc. (KRT) have lost 8.5% since the company reported lower-than-expected second-quarter 2024 revenues and earnings per share (EPS) on Aug 8, 2024. The quarterly adjusted EPS of 49 cents missed the Zacks Consensus Estimate of 60 cents and declined 29% year over year. The downfall was due to unfavorable year-over-year pricing comparison, higher freight costs and an increase in operating expenses in the quarter. Including one-time items, EPS was 45 cents compared with the year-ago qu ...

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. At this time, I would like to welcome everyone to the Karat Packaging Second Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 001-40336 Karat Packaging Inc. (Exact name of registrant as specified in its charter) | --- | --- | |-- ...

Karat Packaging Reports 2024 Second Quarter Financial Results CHINO, Calif, August 8, 2024 – 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 results for its 2024 second quarter ended June 30, 2024. Second Quarter 2024 Highlights 2024 Guidance • Net sales for the 2024 third quarter expected to increase by mid to high single digits from the prior-yea ...

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. Both dividends are payable on or about August 30, 2024, to shareholders of record at ...

Both events will be webcast live on Karat's investor relations website at https://irkarat.com/. Management will conduct one-on-one meetings with investors during both conferences. For those who are not able join the live webcast, these events will be archived for approximately one year. CHINO, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) ("Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that it will partic ...

Karat Packaging, Inc. (KRT) reported first-quarter 2024 adjusted earnings per share (EPS) of 40 cents, missing the Zacks Consensus Estimate of 44 cents. The bottom line declined 11% from earnings of 45 cents in the year-ago quarter. Including one-time items, EPS was 31 cents compared with the year-ago quarter's 45 cents. Total revenues decreased 0.2% year over year to $96 million in the reported quarter. The top line missed the Zacks Consensus Estimate of $100 million. The year-over-year decline was led by ...