Q2 Earnings Outperformers: Karat Packaging (NASDAQ:KRT) And The Rest Of The Specialty Equipment Distributors Stocks [Yahoo! Finance]
Karat Packaging Inc. (KRT)
Company Research
Source: Yahoo! Finance
Historically, specialty equipment distributors have boasted deep selection and expertise in sometimes narrow areas like single-use packaging or unique lighting equipment. Additionally, the industry has evolved to include more automated industrial equipment and machinery over the last decade, driving efficiencies and enabling valuable data collection. Specialty equipment distributors whose offerings keep up with these trends can take share in a still-fragmented market, but like the broader industrials sector, this space is at the whim of economic cycles that impact the capital spending and manufacturing propelling industry volumes. The 9 specialty equipment distributors stocks we track reported a weak Q2. As a group, revenues missed analysts' consensus estimates by 1.8%. Stocks--especially those trading at higher multiples--had a strong end of 2023, but this year has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and while some
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KRT
News
- Karat Packaging's (NASDAQ:KRT) Conservative Accounting Might Explain Soft Earnings [Yahoo! Finance]Yahoo! Finance
- Q3 Earnings Highs And Lows: Karat Packaging (NASDAQ:KRT) Vs The Rest Of The Specialty Equipment Distributors Stocks [Yahoo! Finance]Yahoo! Finance
- Global Recyclable Cups Market Set to Reach USD 974.2 Million by 2034, Driven by Growing Sustainability Efforts | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Karat Packaging Inc (KRT) Q3 2024 Earnings Call Highlights: Strong Sales Growth and Ecofriendly ... [Yahoo! Finance]Yahoo! Finance
- Karat Packaging Inc. (KRT): Thriving in the Disposable Products Market [Yahoo! Finance]Yahoo! Finance
KRT
Earnings
- 11/7/24 - Miss
KRT
Sec Filings
- 11/20/24 - Form 4
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- KRT's page on the SEC website