Karat Packaging Inc (OQ:KRT)

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

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.