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Karat Packaging Inc   (KRT)
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Price: $25.4800 $0.07 0.275%
Day's High: $25.69 Week Perf: 3.96 %
Day's Low: $ 25.33 30 Day Perf: -1.01 %
Volume (M): 28 52 Wk High: $ 30.94
Volume (M$): $ 719 52 Wk Avg: $25.65
Open: $25.53 52 Wk Low: $17.23



 Market Capitalization (Millions $) 513
 Shares Outstanding (Millions) 20
 Employees -
 Revenues (TTM) (Millions $) 409
 Net Income (TTM) (Millions $) 29
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 1

Karat Packaging Inc
Karat Packaging Inc is a leading American company that specializes in manufacturing and distributing food packaging products. They offer a wide range of packaging solutions, including cups, containers, straws, utensils, and more. With a focus on sustainability, they use eco-friendly materials and have implemented recycling programs for their products. Karat Packaging Inc serves a diverse customer base, including restaurants, coffee shops, and foodservice providers, helping them enhance their brand image and meet the growing demand for environmentally-friendly packaging.


   Company Address: 6185 Kimball Avenue Chino 91708 CA
   Company Phone Number: 965-8882   Stock Exchange / Ticker: NASDAQ KRT


   

Stock Performances by Major Competitors

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Dividend

Karat Packaging Board Announces Special and Regular Quarterly Cash Dividends

Published Wed, Aug 7 2024 12:00 PM UTC



CHINO, Calif., Aug. 07, 2024 - Karat Packaging Inc. (Nasdaq: KRT), a leading distributor and manufacturer of disposable foodservice products, has declared a special cash dividend of $0.15 per share, in addition to the regular quarterly cash dividend of $0.35 per share. This decision showcases the company's commitment to providing value to its shareholders. As of th...
Karat Packaging Inc

Looking into first quarter of 2024 numbers, the Chemicals - Plastics & Rubber company's saw that revenue were lower hardly at all, from the financial Q1 of 2023

Karat Packaging Inc. (Nasdaq: KRT) recently reported its financial results for the first quarter of 2024, highlighting a decline in earnings per share and revenue compared to the previous year. The company's earnings per share dropped by -31.11% to $0.31, while revenue decreased by -0.208% to $95.60 million. This is in contrast to the prior reporting season, where earnings per share soared to $0.19 per share and revenue decreased by -0.866% to $96.44 million.
Notably, net earnings for the first quarter of 2024 fell by -29.5% to $6.476 million compared to $9.186 million in the corresponding period a year before. These figures indicate a challenging period for Karat Packaging Inc. in terms of profitability.
Dividend

Karat Packaging Inc. Board Approves Increase in Quarterly Dividend, Shareholders Benefit from Strong Performance

Published Tue, May 7 2024 11:34 PM UTC


In a recent press release, Karat Packaging Inc. (Nasdaq: KRT) announced that its board of directors has approved a regular quarterly dividend of $0.35 per share on the Company's common stock. This marks a significant increase from the previous dividend of $0.30 per share, reflecting Karat's commitment to returning value to its shareholders.
The decision to raise the...
Karat Packaging Inc

Karat Packaging Inc. Beats Market Expectations with Soft Top-line Growth2.

As an experienced financial analyst, I have been closely following the recent financial results announced by Karat Packaging Inc. (KRT) and I must admit, the numbers are quite intriguing. Despite reporting a decline in earnings per share (EPS) in the October to December 31, 2023 quarter, the company managed to achieve an impressive 4.068% growth in revenue compared to the same period a year ago. This increase in revenue to $96.44 million from $92.67 million is indeed a positive sign for the Chemicals - Plastics & Rubber sector.
What is particularly surprising is that while the rest of the Chemicals - Plastics & Rubber industry experienced a 7.77% contraction in revenue, KRT managed to buck the trend and show growth. This demonstrates the company's ability to adapt to changing market conditions and capitalize on opportunities for growth.
Karat Packaging Inc

Karat Packaging Inc Achieves Remarkable 45.16% Rise in EPS, Defying Industry Challenges in Q3 2023

Karat Packaging Inc, a leading distributor and manufacturer of disposable foodservice products, has experienced a decline in its stock price over the past week. The stock dropped by -13.11%, bringing the year-to-date performance to 41.05%. However, despite soft orders in the financial time-frame closing September 30, 2023, the company managed to improve its earnings per share.
In the aforementioned time-frame, Karat Packaging Inc saw its profit per share soar by 45.16% to $0.45 per share, while revenue fell by -4.593% to $104.94 million, compared to the previous year. Although these numbers indicate a decrease in revenue, it is worth noting that the decrease was not as significant as the previous financial reporting period, where revenue decreased by -2.704% from $107.86 million.






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