Karat Packaging Inc (KRT) Q3 2024 Earnings Call Highlights: Strong Sales Growth and Ecofriendly ... [Yahoo! Finance]
Karat Packaging Inc. (KRT)
Company Research
Source: Yahoo! Finance
Online Sales Growth: Up 32.8%, benefiting from $3 million in online platform fees. Ecofriendly Products Sales: Increased 9% year over year, representing 33.4% of total sales. Gross Margin: 38.6%, up from 36.9% in the prior year period. Operating Expenses: $32.2 million, compared to $27.6 million in the prior year quarter. Net Income: $9.3 million, up 1.3% from $9.1 million in the prior year quarter. Net Income Margin: 8.2%, compared to 8.7% a year ago. Adjusted EBITDA: $14.7 million, compared to $15.2 million in the prior year quarter. Operating Cash Flow: $19.5 million in the third quarter. Working Capital: $115.6 million as of September 30, 2024. Financial Liquidity: $75.1 million, with $21.5 million in short-term investments. Quarterly Dividend: Increased to 40 per share. Warning! GuruFocus has detected 3 Warning Signs with OUST. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transc
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KRT
News
- Karat Packaging Inc. (NASDAQ: KRT) had its price target raised by analysts at Stifel Nicolaus from $32.00 to $36.00. They now have a "buy" rating on the stock.MarketBeat
- Two Reasons to Watch KRT and One to Stay Cautious [Yahoo! Finance]Yahoo! Finance
- 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
KRT
Earnings
- 11/7/24 - Miss
KRT
Analyst Actions
- 12/11/24 - Stifel
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