Karat Packaging

Karat Packaging, Inc. manufactures and distributes disposable products for the restaurants and foodservice industry. The company was founded by Alan Yu and Marvin Cheng and is headquartered in Chino, CA.

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Karat Packaging reports record margins and strategic growth initiatives

Karat Packaging's Q4 2022 performance reflects resilience amid deflationary pressures, with a focus on margin improvement and growth strategies.
The company's financial strength, cost management initiatives, and strategic shifts position it well for future growth and profitability.
While short-term challenges exist, Karat Packaging's proactive measures and focus on operational efficiency present opportunities for sustainable growth.
Balancing cost reductions, margin expansion, and revenue diversification will be key for Karat Packaging's success in 2023 and beyond.

Karat Packaging reports record gross margin and eco-friendly growth strategy

Karat Packaging's Q1 2023 performance reflects resilience and efficiency despite market challenges, with a focus on eco-friendly products driving growth.
Management's strategic initiatives, including targeting national accounts and unique compostable offerings, position the company for future success.
While facing valuation concerns and market dynamics, Karat Packaging remains optimistic about growth potential and revenue expansion through operational excellence.

Karat Packaging reports mixed Q2 results, eyes dividend growth

Karat Packaging navigated a challenging Q2 2023 with declining net sales but managed to boost gross profit and net income significantly. The company's strategic dividend declarations and raised gross margin goal reflect a commitment to shareholder value and sustainable growth. Overcoming operational hurdles and capitalizing on growth opportunities will be key focus areas moving forward.

Karat Packaging (KRT) reports strong Q3 earnings, eyes growth strategies

Karat Packaging delivered robust financial performance in Q3 2023, driven by sales volume and net income growth.
Operational efficiencies and margin expansion strategies are strengthening the company's financial position.
Despite regional sales challenges, the company's focus on growth initiatives and profitability enhancement bodes well for future prospects.

Karat Packaging reports strong Q4 earnings, eyes growth through automation

Karat Packaging delivered solid financial results in Q4 2023, showcasing growth in sales volume and gross margin expansion. While facing revenue challenges, the company is well-positioned for growth through expansion, technology adoption, and potential M&A activities.

Karat Packaging reports Q1 growth, focuses on eco-friendly innovation

Karat Packaging's Q1 2024 performance showed sales volume growth and a strong gross margin, despite challenges in certain sales categories and lease-related impairments.
The company's strengths lie in its commitment to eco-friendly products, operational efficiency improvements, and confidence in its financial position.
Opportunities for Karat Packaging include strategic acquisitions and product innovation to drive market penetration and meet changing customer demands.

Karat Packaging reports robust Q3 earnings, eyes growth opportunities

Karat Packaging delivered strong Q3 results with sales and volume growth, driven by eco-friendly product sales and operational efficiencies. Despite challenges from high freight rates, the company remains optimistic about future growth prospects. Focus on online business, supermarket expansion, and sustainability bode well for future performance.

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Karat Packaging, Inc. manufactures and distributes disposable products for the restaurants and foodservice industry. The company was founded by Alan Yu and Marvin Cheng in 2000 and is headquartered in Chino, CA.

CHINO, Calif., May 01, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced it will release its 2023 first quarter financial results after market close on Wednesday, May 10, 2023. The Company will host an investor conference call on the same day.

Karat Packaging to Report 2023 First Quarter Financial Results and Host Conference Call on Wednesday, May 10, 2023

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-- Audit Committee Approves PricewaterhouseCoopers as New Independent Auditor -- CHINO, Calif., March 21, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ: KRT) (“Karat”), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced its Audit Committee of the Board of Directors has approved the engagement of PricewaterhouseCoopers (“PwC”) as the Company's independent registered public accounting firm for the year ending December 31, 2023.

Karat Packaging Announces Auditor Change

Karat Packaging Inc. (NASDAQ:KRT ) Q4 2022 Earnings Conference Call March 16, 2023 5:00 PM ET Company Participants Alan Yu - Chief Executive Officer Jian Guo - Chief Financial Officer Roger Pondel - Investor Relations Conference Call Participants Jake Bartlett - Truist Securities Ryan Meyers - Lake Street Michael Hoffman - Stifel Paul Dircks - William Blair Jake Bartlett - Truist Securities Operator Good day! And welcome to the Karat Packaging Inc. Fourth Quarter and Full Year 2022 Earnings Conference Call.

Karat Packaging Inc. (KRT) Q4 2022 Earnings Call Transcript

--Record Full Year Gross Margin with Continued Margin Expansion-- --Record Full Year Gross Margin with Continued Margin Expansion--

Karat Packaging Reports Fourth Quarter and Full Year 2022 Financial Results

CHINO, Calif., March 09, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced it will release its 2022 fourth quarter and full year financial results after market close on Thursday, March 16, 2023. The Company will host an investor conference call on the same day.

Karat Packaging to Report 2022 Fourth Quarter and Full Year Financial Results and Host Conference Call on Thursday, March 16, 2023

Karat has Karat Earth, a brand through which it offers its products with eco-friendly materials. Its products are commonly made from plastic and paper. Karat has recently invested in developments for its online store. This allows Karat to automate its production and distribution.

Karat Packaging: New Eco-Friendly Materials Could Revolutionize FCF Generation

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Karat Packaging Inc. (NASDAQ:KRT ) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET Company Participants Roger Pondel - Investor Relations Alan Yu - Chief Executive Officer Jian Guo - Chief Financial Officer Conference Call Participants Jake Bartlett - Truist Securities Michael Hoffman - Stifel Ryan Merkel - William Blair Operator Good day and welcome to the Karat Packaging Inc. Third Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

Karat Packaging Inc. (KRT) CEO Alan Yu on Q3 2022 Results - Earnings Call Transcript

– Significant Gross Margin Expansion and Record Quarterly Operating Cash Flow – – Significant Gross Margin Expansion and Record Quarterly Operating Cash Flow –

Karat Packaging Reports 2022 Third Quarter Financial Results

Karat Packaging Inc. (NASDAQ:KRT ) Q2 2022 Earnings Conference Call August 11, 2022 5:00 PM ET Company Participants Roger Pondel - Investor Relations Alan Yu - Chief Executive Officer Jian Guo - Chief Financial Officer Conference Call Participants Jake Bartlett - Truist Securities Michael Hoffman - Stifel Paul Dircks - William Blair Operator Ladies and gentlemen, thank you for standing-by, and welcome to the Karat Packaging Second Quarter 2022 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Roger Pondel, Investor Relations for Karat Packaging.

Karat Packaging Inc. (KRT) CEO Alan Yu on Q2 2022 Results - Earnings Call Transcript

– Record Quarterly Revenue of $114.9 Million with Continued Strengthening in Profitability –

Karat Packaging Reports 2022 Second Quarter Financial Results

CHINO, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2022 second quarter financial results after market close on Thursday, August 11, 2022. The Company will host an investor conference call on the same day.

Karat Packaging to Report 2022 Second Quarter Financial Results and Host Conference Call on Thursday, August 11, 2022

Karat Packaging Inc. (NASDAQ:KRT ) Q1 2022 Results Conference Call May 12, 2022 5:00 PM ET Company Participants Roger Pondel - IR, PondelWilkinson Alan Yu - CEO Jian Guo - CFO Conference Call Participants Jake Bartlett - Truist Securities Brian Butler - Stifel Paul Dircks - William Blair Michael Hoffman - Stifel Operator Good day, and welcome to the Karat Packaging Inc. First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

Karat Packaging Inc. (KRT) CEO Alan Yu on Q1 2022 Results - Earnings Call Transcript

CHINO, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it will release its 2022 first quarter financial results after market close on Thursday, May 12, 2022. The Company will host an investor conference call on the same day.

Karat Packaging to Report 2022 First Quarter Financial Results and Host Conference Call on Thursday, May 12, 2022

-- Investment Further Demonstrates Company's Green Initiative and Plan for Enhanced Vertical Integration to Accelerate Growth -- CHINO, Calif., April 07, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ: KRT) (Karat), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it has entered a definitive joint venture agreement with Happiness Moon, Co. Ltd (Happiness Moon) to establish a new corporation, Green Earth Technology (Green Earth), to build a new 180,000 square-foot factory in Taiwan.

Karat Packaging Enters Definitive Joint Venture Agreement to Build New Factory in Taiwan for Manufacturing Compostable Foodservice Products

Karat Packaging's (KRT) CEO Alan Yu on Q4 2021 Results - Earnings Call Transcript

– Fourth Quarter Net Sales Grew Nearly 30 Percent; Net Income Increased More than Three-Fold –

Karat Packaging Reports Fourth Quarter and Full Year 2021 Financial Results

CHINO, Calif., March 07, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (“Karat Packaging” or the “Company”) (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly disposable foodservice products and related items, today announced it will release its fourth quarter and full year 2021 financial results after market close on Wednesday, March 23, 2022. The Company will host an investor conference call on the same day.

Karat Packaging to Report Fourth Quarter and Full Year 2021 Financial Results and Host Conference Call on Wednesday, March 23, 2022

Karat Packaging Inc (NASDAQ: KRT) has appointed Jian Guo as its chief financial officer, effective immediately. In October 2021, Ann Sabahat resigned as CFO for personal reasons, and Peter Lee was named to take up the interim role.

Karat Packaging Appoints Jian Guo As Finance Chief

Karat Packaging Inc (NASDAQ: KRT) plans to expand its logistic offerings geographically from its existing distribution centers in Texas, New Jersey, and South Carolina in those regions and further expansion in California. Karat Packaging currently has 86 trucks and trailers and provides third-party logistic (3PL) services to about 100 of its customers in California.

Karat Packaging Plans Logistics Service Expansion; Orders For 10 Tesla Semi Trucks

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Karat Packaging Inc. KRT, +1.39% , a maker of disposable foodservice products, said Tuesday it has placed an order for 10 Tesla TSLA, -3.50% Semi trucks. The Chino, California-based Karat has a fleet of 86 trucks and offers third-party logistics services to about 100 customers in California.

Karat Packaging says it has ordered 10 Tesla Semi Trucks

-- Company to Add Ten Fully Electric Tesla Semi Trucks to Fleet -- -- Company to Add Ten Fully Electric Tesla Semi Trucks to Fleet --

Karat Packaging Announces Expansion of Its Logistic Services

Karat Packaging Inc. (KRT) CEO Alan Yu on Q3 2021 Results - Earnings Call Transcript

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