Karat Packaging Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]
Karat Packaging Inc. (KRT)
Company Research
Source: Yahoo! Finance
Net income: US$32.5m (up 37% from FY 2022). Profit margin: 8.0% (up from 5.6% in FY 2022). The increase in margin was driven by lower expenses. EPS: US$1.63 (up from US$1.19 in FY 2022). All figures shown in the chart above are for the trailing 12 month (TTM) period Karat Packaging EPS Misses Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%. In the last 12 months, the only revenue segment was Manufacturing and Supply of a Broad Portfolio of Single-Use Products contributing US$405.7m. Notably, cost of sales worth US$252.6m amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$67.0m (56% of total expenses). Explore how KRT's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Di
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KRT
News
- Karat Packaging to Report 2024 First Quarter Financial Results and Host Conference Call on Thursday, May 9, 2024 [Yahoo! Finance]Yahoo! Finance
- Karat Packaging to Report 2024 First Quarter Financial Results and Host Conference Call on Thursday, May 9, 2024GlobeNewswire
- What Is Karat Packaging Inc.'s (NASDAQ:KRT) Share Price Doing? [Yahoo! Finance]Yahoo! Finance
- Plastic Cutlery Market Demand Embellished from Fast Food Service Industry: Expected to Reach at a US$ 1.9 Billion by 2034, with a CAGR of 2.80% | Future Market Insights Inc. [Yahoo! Finance]Yahoo! Finance
- Karat Packaging Inc. (NASDAQ: KRT) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $32.00 price target on the stock, up previously from $30.00.MarketBeat
KRT
Earnings
- 3/14/24 - Miss
KRT
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 3/15/24 - Form 10-K
- KRT's page on the SEC website