KRT
Karat Packaging Inc.23.36
+0.43+1.88%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
469.52MP/E (TTM)
15.57Basic EPS (TTM)
1.50Dividend Yield
0.08%Recent Filings
8-K
10-Q
Q2 FY2025 results
Karat Packaging posted solid Q2 FY2025 results, with net sales climbing 10.1% year-over-year to $124.0M on higher volume and favorable product mix, though pricing dipped slightly. Gross margin expanded to 39.6% from 38.5%, fueled by better vendor terms and more imports, while operating income surged 48.9% to $16.6M despite steady expenses. Diluted EPS rose to $0.54 from $0.45, aligning with 20.2M weighted shares; net income hit $11.1M, up 19.8%, but trailed operating income due to $2.9M foreign currency losses from USD weakening against the New Taiwan Dollar. Cash stood at $30.5M with $26.4M in short-term investments and $14.2M revolver availability, supporting $17.5M operating cash flow (down 13.7% y/y) and $16.2M free cash flow (derived); total debt was $48.0M at fixed rates of 3.5%-4.375%, maturing 2026-2027, with covenants met. Renewed a key New Jersey lease through 2030. Supply chain disruptions remain a key risk.
8-K
Record Q2 sales surge
Karat Packaging Inc. reported record Q2 2025 net sales of $124.0 million, up 10.1% from $112.6 million last year, with net income hitting $11.1 million, a 19.8% rise. Gross margin expanded to 39.6%, fueled by favorable vendor pricing and product mix, despite tariff hikes and a $2.9 million foreign currency loss from a weakening USD against the New Taiwan Dollar. Diversifying sourcing away from China to 10% bolstered supply chain resilience. Q3 sales guidance points to high single-digit to low double-digit growth; tariffs pose ongoing risks.
8-K
Quarterly dividend declared
8-K
Shareholders approve directors, auditors
Karat Packaging Inc. held its 2025 Annual Meeting on June 19, where shareholders elected Alan Yu, Jian Guo, Paul Y. Chen, Eric Chen, and Eve Yen as directors, each receiving over 16.8 million votes for amid minimal opposition. The board ratified PricewaterhouseCoopers LLP as auditors for the fiscal year ending December 31, 2025, with 18.2 million votes in favor. Say-on-pay approval passed with 16.9 million supporting votes. All directors won decisively.
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