Sector: Basic Materials | Industry: Non-Paper Containers & Packaging |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 6185 Kimball Avenue CHINO CA 91708 |
Tel: | 1-310-2795980 |
Website: | https://karatpackaging.com |
IR: | See website |
Key People | ||
Alan Yu Chairman of the Board, Chief Executive Officer | Jian Guo Chief Financial Officer, Director | Marvin Cheng Vice President - Manufacturing, Secretary | Daniel Quire Chief Revenue Officer |
Business Overview |
Karat Packaging Inc. is a specialty distributor and manufacturer of a range of disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings across the United States. The Company classifies its customers into four categories. Distributors include national and regional distributors across the United States that purchase its products and provide a channel to offer its products to restaurants, offices, schools, government entities and other end users. National and regional chains include typically fast casual and fast-food restaurants with locations across multiple states. Retail includes primarily regional bubble tea shops, boutique coffee shops and frozen yogurt shops that often purchase its specialty beverage ingredients and related items. E-commerce/Online includes small businesses, such as small restaurants, bubble tea shops, coffee shops, juice bars, smoothie shops and some customers who purchase for personal use. |
Financial Overview |
For the six months ended 30 June 2024, Karat Packaging Inc revenues increased 2% to $208.2M. Net income decreased 22% to $15.3M. Revenues reflect Broad portfolio of single-use products segment increase of 91% to $208.2M. Dividend per share totaled to $0.65. Basic Earnings per Share excluding Extraordinary Items decreased from $0.98 to $0.76. |
Employees: | 778 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $589.77M as of Sep 30, 2024 |
Annual revenue (TTM): | $409.32M as of Sep 30, 2024 |
EBITDA (TTM): | $48.43M as of Sep 30, 2024 |
Net annual income (TTM): | $28.23M as of Sep 30, 2024 |
Free cash flow (TTM): | $43.49M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 20,014,665 as of Aug 5, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |