Welcome to our dedicated page for Karat Packaging news (Ticker: KRT), a resource for investors and traders seeking the latest updates and insights on Karat Packaging stock.
Karat Packaging Inc. (KRT) delivers innovative disposable foodservice products and sustainable packaging solutions for restaurants and retail accounts worldwide. This news hub provides investors and industry professionals with official updates on financial performance, operational milestones, and market developments.
Access timely press releases covering quarterly earnings, product launches under brands like Karat Earth and Tea Zone, and strategic partnerships. Our curated collection simplifies tracking regulatory filings, sustainability initiatives, and supply chain advancements in the disposable packaging sector.
Discover updates on manufacturing innovations, including biodegradable materials and custom printing solutions for national restaurant chains. The repository also features announcements about distribution network expansions and operational efficiency improvements that impact KRT's market position.
Bookmark this page for streamlined access to verified information about Karat Packaging's financial health, environmental commitments, and responses to foodservice industry trends. Check regularly for new developments in eco-friendly packaging technologies and logistics optimizations.
Karat Packaging (Nasdaq: KRT) reported strong Q4 2024 results with net sales increasing 6.3% to $101.6 million. The company achieved notable improvements with gross profit up 16.8% to $39.8 million and net income rising 40.3% to $5.9 million compared to Q4 2023.
Key Q4 metrics include gross margin expansion to 39.2% and Adjusted EBITDA of $11.3 million. Eco-friendly products grew 11% year-over-year, representing 35% of total sales. The company has reduced China dependency to 20% of imports, with Taiwan now accounting for over 50% of global sourcing.
For 2025 guidance, KRT expects Q1 sales growth of 6-8% and full-year sales growth of 9-11%. The company announced a quarterly dividend of $0.45 per share, payable February 28, 2025.
Karat Packaging (NASDAQ: KRT) has signed a lease for a new 187,000 square-foot warehouse and distribution center in Chino, California, strategically located near its headquarters. The facility will nearly double the company's current distribution capabilities in Chino, enhancing inventory management and delivery times.
The expansion will enable Karat to:
- Nearly double its inventory capacity in California
- Add approximately 500 new SKUs of paper products
- Improve operating efficiencies
- Support growth ahead of summer peak season
- Expand third-party logistics services in Southern California
- Increase wallet share with existing customers
- Service more new accounts
Karat Packaging (Nasdaq: KRT), a specialty distributor and manufacturer of eco-friendly disposable foodservice products, has scheduled the release of its 2024 fourth quarter and full year financial results after market close on Thursday, March 13, 2025. The company will host an investor conference call on the same day to discuss the results.
Karat Packaging (Nasdaq: KRT) has announced an increase in its quarterly cash dividend. The company's board of directors approved a regular quarterly dividend of $0.45 per share on common stock, up from the previous $0.40 per share. The dividend will be paid around February 28, 2025, to stockholders of record as of February 24, 2025. Karat Packaging operates as a specialty distributor and manufacturer of disposable foodservice products and related items.
Karat Packaging (Nasdaq: KRT) reported strong Q3 2024 financial results with net sales of $112.8 million, up 6.9% year-over-year, driven by 9.9% volume growth. Gross profit increased 11.7% to $43.5 million, with gross margin improving to 38.6%. Net income grew 1.3% to $9.3 million, with EPS remaining stable at $0.45 per diluted share. The company increased its quarterly dividend to $0.40 per share and expects Q4 2024 net sales to grow by mid to high single digits with gross margin projected at 39-40%.
Karat Packaging (Nasdaq: KRT) announced its board of directors has approved an increased quarterly cash dividend of $0.40 per share, up from the previous $0.35 per share. The dividend will be paid around November 29, 2024, to stockholders of record as of November 20, 2024. Karat Packaging operates as a specialty distributor and manufacturer of disposable foodservice products and related items.
Karat Packaging (Nasdaq: KRT), a specialty distributor and manufacturer of environmentally friendly disposable foodservice products, announced it will release its 2024 third quarter financial results after market close on Thursday, November 7, 2024. The company will host an investor conference call the same day at 2:00 p.m. PT/5:00 p.m. ET. Karat specializes in food containers, bags, tableware, cups, and other foodservice items, including their eco-friendly Karat Earth® line of sustainable products made from renewable resources.
Karat Packaging Inc. (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products, has announced its participation in Lake Street Capital Market's 8th Annual Best Ideas Growth (BIG8) Conference. The event is scheduled for September 12, 2024 in New York.
Chief Executive Officer Alan Yu and Chief Financial Officer Jian Guo will represent the company at the conference. They will be conducting one-on-one meetings with investors during the event. Interested parties can contact Lake Street Capital Markets representatives for additional information, invitations, or to schedule meetings with Karat Packaging's management team.
Karat Packaging Inc. (Nasdaq: KRT) reported its Q2 2024 financial results. Net sales increased 3.5% to $112.6 million, while gross profit rose 3.7% to $43.4 million. Net income decreased to $9.2 million from $10.7 million in the prior-year quarter. The company maintained a gross margin of 38.5%. Karat expects Q3 2024 net sales to increase by mid to high single digits and full-year 2024 net sales to grow by mid-single digits. The company's business pipeline is expanding with new national and regional chain accounts. Karat's warehouse expansion strategy is contributing to growth across sales channels, including online sales, which now represent 17.4% of total sales.
Karat Packaging (Nasdaq: KRT), a specialty distributor and manufacturer of disposable foodservice products, has announced two dividend payments. The company's board of directors has approved a regular quarterly cash dividend of $0.35 per share and a special cash dividend of $0.15 per share. Both dividends will be payable on August 30, 2024, to shareholders of record as of August 21, 2024.
CEO Alan Yu stated that these distributions reflect Karat's strong cash position and positive long-term outlook. The board remains committed to providing returns to shareholders and continually assessing opportunities to enhance shareholder value.
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