SC 13D/A - Karat Packaging Inc. (0001758021) (Subject)

SC 13D/A - Karat Packaging Inc. (0001758021) (Subject)

SC 13D/A - Karat Packaging Inc. (0001758021) (Subject)

10-Q - Karat Packaging Inc. (0001758021) (Filer)

8-K - Karat Packaging Inc. (0001758021) (Filer)

8-K - Karat Packaging Inc. (0001758021) (Filer)

8-K - Karat Packaging Inc. (0001758021) (Filer)

10-Q - Karat Packaging Inc. (0001758021) (Filer)

8-K - Karat Packaging Inc. (0001758021) (Filer)

8-K - Karat Packaging Inc. (0001758021) (Filer)

8-K - Karat Packaging Inc. (0001758021) (Filer)

10-Q - Karat Packaging Inc. (0001758021) (Filer)

8-K - Karat Packaging Inc. (0001758021) (Filer)

CHINO, Calif., Nov. 07, 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 third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net sales of $112.8 million, up 6.9 percent from the prior-year quarter.Gross profit of $43.5 million, up 11.7 percent from prior-year quarter.Gross margin of 38.6 percent versus 36.9 percent in the prior-year quarter.Net income of $9.3 million, up 1.3 percent from the prior-year quarter.Net income margin of 8.2 percent versus 8.7 pe

CHINO, Calif., Oct. 24, 2024 (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 2024 third quarter financial results after market close on Thursday, November 7, 2024. The Company will host an investor conference call on the same day. Call Date:  Thursday, November 7, 2024Time:  2:00 p.m. PT/5:00 p.m. ETPhone:  646-307-1963 (domestic); 800-715-9871 (international)Conference ID:  1191729Webcast:  Accessible at https://irkarat.com/events-presentations/; archive available for approximately one year About Kar

CHINO, Calif., Aug. 08, 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 second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net sales of $112.6 million, versus $108.7 million in the prior-year quarter.Gross profit of $43.4 million, versus $41.9 million in the prior-year quarter.Gross margin of 38.5 percent, equal to that of the prior-year quarter.Net income of $9.2 million, versus $10.7 million in the prior-year quarter.Net income margin of 8.2 percent, vers

CHINO, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its board of directors has approved payment of a regular quarterly cash dividend of $0.35 per share. The board also declared a special cash dividend of $0.15 per share on the Company's common stock. Both dividends are payable on or about August 30, 2024, to shareholders of record at the close of business on August 21, 2024. "These distributions reflect Karat's strong cash position and positive long-term outlook," said Alan Yu, chief executive officer. "Our board re

CHINO, Calif., July 25, 2024 (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 2024 second quarter financial results after market close on Thursday, August 8, 2024. The Company will host an investor conference call on the same day. Call Date:Thursday, August 8, 2024Time:2:00 p.m. PT/5:00 p.m. ETPhone:646-307-1963 (domestic); 800-715-9871 (international)Conference ID:4261013Webcast:Accessible athttps://irkarat.com/events-presentations/; archive available for approximately one year   About Karat Packaging

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 operat

CHINO, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its board of directors approved the payment of a regular quarterly dividend of $0.35 per share on the Company's common stock, reflecting an increase from the previous quarterly dividend of $0.30 per share. The dividend is payable on or about May 24, 2024, to the stockholders of record at the close of business on May 17, 2024. About Karat Packaging Inc. Karat Packaging Inc. is a specialty distributor and manufacturer of a wide range of disposable foodservice product

CHINO, Calif., April 25, 2024 (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 2024 first quarter financial results after market close on Thursday, May 9, 2024. The Company will host an investor conference call on the same day.    Call Date: Thursday, May 9, 2024 Time: 2:00 p.m. PT/5:00 p.m. ET Phone: 646-307-1963 (domestic); 800-715-9871 (international) Conference ID: 4383878 Webcast: Accessible at https://irkarat.com/events-presentations/; archive available for approximately one year    About

CHINO, Calif., March 14, 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 fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights Fourth quarter 2023 financial results included: Change of estimate on import duty reserve totaling $2.3 million, an increase to cost of goods sold.Write-off of $1.1 million of a vendor prepayment upon the resolution of a legal contingency, an increase to general and administrative expenses.Out-of-period tax adjustment of $0.3 mil

CHINO, Calif., March 01, 2024 (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 2023 fourth quarter and full year financial results after market close on Thursday, March 14, 2024. The Company will host an investor conference call on the same day. Call Date:Thursday, March 14, 2024Time:2:00 p.m. PT/5:00 p.m. ETPhone:877-418-4045 (domestic); 412-317-6745 (international)Conference ID:Karat Packaging Inc.Webcast:Accessible at https://irkarat.com/events-presentations/; archive available for approximately one

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector. Deluxe Corporation (NYSE:DLX) Dividend Yield: 5.42% TD Cowen analyst Lance Vitanza maintained a Buy rating and raised the price

Karat Packaging (NASDAQ:KRT) reported quarterly earnings of $0.40 per share which missed the analyst consensus estimate of $0.45 by 11.11 percent. This is a 13.04 percent decrease over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $95.613 million which missed the analyst consensus estimate of $99.817 million by 4.21 percent. This is a 0.20 percent decrease over sales of $95.801 million the same period last year.

Karat Packaging Inc. board of directors approved the payment of a regular quarterly dividend of $0.35 per share on the Company's common stock, reflecting an increase from the previous quarterly dividend of $0.30 per share. The dividend is payable on or about May 24, 2024, to the stockholders of record at the close of business on May 17, 2024.

Gainers Jet AI (NASDAQ:JTAI) stock increased by 57.4% to $1.04 during Friday's regular session. The company's market cap stands at $10.2 million. Solidion Technology (NASDAQ:STI) stock rose 44.62% to $1.88. The company's market cap stands at $153.9 million. Sarcos Technology (NASDAQ:STRC) stock rose 20.47% to $1.53. The market value of their outstanding shares is at $39.5 million. Exela Technologies (NASDAQ:XELA) shares moved upwards by 17.39% to $2.43. The company's market cap stands at $15.4 million. Velo3D (NYSE:VLD) shares moved upwards by 14.75% to $0.41. The market value of their outstanding shares is at $106.9 million. Polar Power (NASDAQ:POLA) shares moved upwards by 13.62% to

Truist Securities analyst Jake Bartlett maintains Karat Packaging (NASDAQ:KRT) with a Buy and raises the price target from $24 to $33.

Stifel analyst Michael Hoffman reiterates Karat Packaging (NASDAQ:KRT) with a Buy and raises the price target from $30 to $32.

Karat Packaging (NASDAQ:KRT) reported its Q4 earnings results on Thursday, March 14, 2024 at 04:10 PM. Here's what investors need to know about the announcement. Earnings Karat Packaging missed estimated earnings by -41.0%, reporting an EPS of $0.24 versus an estimate of $0.41. Revenue was up $2.92 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.03 which was followed by a 14.000000000000002% drop in the share price the next day. Here's a look at Karat Packaging's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.44 0.31 0.32 EPS Actual 0.47 0.69 0.46 0.30 Revenue Estimate 106.36M 109.20M 94.95M 96

CHINO, Calif., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced the appointment of its Chief Financial Officer, Jian Guo, to the board of directors, effective immediately, filling a vacant seat. Ms. Guo will continue in her role as Chief Financial Officer. Ms. Guo joined Karat in February 2022 with deep experience in the public company marketplace. Previously, she was senior vice president and corporate controller at Resources Connection, Inc., a Nasdaq-listed global consulting firm, and was senior director, financial reporting, at

CHINO, Calif., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT) (the "Company" or "Karat"), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its Chief Operating Officer, Joanne Wang, will retire as an officer effective December 1, 2023. Wang also will relinquish her seat on the Company's five-person board, which will remain vacant until a successor is appointed. "Joanne was among Karat's first employees and played an instrumental role in the Company's growth and development over the past twenty-plus years," said Alan Yu, Chief Executive Officer. "Joanne's dedication, mentorship, and distinguished contrib

CHINO, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ:KRT), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced the appointment of Jian Guo as chief financial officer, effective immediately. Ms. Guo succeeds Peter Lee, who has served as interim CFO since October 2021, and will stay on through March 31, 2022, as an advisor to the company to ensure an orderly transition. Prior to joining Karat Packaging, Ms. Guo was senior vice president and corporate controller at Resources Connection, Inc., a Nasdaq-listed global consulting firm, and was senior director, financial reporting at Newe

Truist downgraded Karat Packaging from Buy to Hold and set a new price target of $28.00 from $34.00 previously

Lake Street initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $22.00

William Blair initiated coverage of Karat Packaging with a rating of Outperform

DA Davidson initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $24.00

Truist Securities initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $24.00

Stifel initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $25.00

Truist initiated coverage of Karat Packaging with a rating of Buy and set a new price target of $25.00