Karat Packaging Reports 2024 First Quarter Financial Results
Karat Packaging Inc. (KRT)
Company Research
Source: GlobeNewswire
CHINO, Calif., May 09, 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 first quarter ended March 31, 2024. First Quarter 2024 Highlights Net sales of $95.6 million, versus $95.8 million in the prior-year quarter.Gross profit of $37.6 million, versus $38.1 million in the prior-year quarter.Gross margin of 39.3 percent versus 39.8 percent in the prior-year quarter.Net income of $6.5 million, including a negative tax-effected impact of $1.5 million from a non-cash impairment of an operating right-of-use asset, versus $9.2 million in the prior-year quarter.Net income margin of 6.8 percent, including a negative impact of the non-cash impairment of 1.6 percent, versus 9.6 percent in the prior-year quarter.Adjusted EBITDA of $13.5 million, versus $15.3 million in the prior-year quart
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KRT
News
- Karat Packaging (NASDAQ:KRT) Shareholders Will Want The ROCE Trajectory To Continue [Yahoo! Finance]Yahoo! Finance
- Karat Packaging to Participate in Two June Investor ConferencesGlobeNewswire
- Karat Packaging (KRT) Q1 Earnings & Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Karat Packaging Inc. (NASDAQ:KRT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Karat Packaging First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
KRT
Earnings
- 5/9/24 - Miss
KRT
Sec Filings
- 6/21/24 - Form 8-K
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- KRT's page on the SEC website