财务表现 - 净销售额同比增长3.5%至1.126亿美元[8] - 毛利润同比增长3.7%至4,340万美元，毛利率保持在38.5%[9] - 经营开支同比增加3,800万美元，主要由于包括在线销售平台费用、租金和仓储费用增加等因素[10] - 净利润同比下降至920万美元，净利率为8.2%[13] - 调整后EBITDA同比下降至1,570万美元，调整后EBITDA率为13.9%[15] - 营业收入为34,662千美元，同比增长2.5%[36] - 毛利为80,009千美元，毛利率为56.5%[36] - 营业费用为61,818千美元，同比增加14.5%[36] - 营业利润为19,191千美元，同比下降26.4%[36] 现金流和资产负债 - 现金及现金等价物为19,311千美元，较2023年12月31日减少16.3%[37] - 存货为79,841千美元，较2023年12月31日增加11.6%[37] - 应收账款净额为33,683千美元，较2023年12月31日增加21.3%[37] - 经营活动产生的现金流量净额为20,254千美元，同比下降34.9%[44] - 资产总额为310,693千美元，较2023年12月31日增加12.4%[39] - 负债总额为146,865千美元，较2023年12月31日增加29.1%[41] - 公司2024年上半年现金及现金等价物净减少3,765,000美元[45] - 公司2024年上半年购买短期投资22,513,000美元[45] - 公司2024年上半年支付股东股息12,996,000美元[45] 业务表现 - 预计2024年第三季度净销售额同比中高个位数增长，毛利率预计为38%-39%[4] - 预计2024年全年净销售额同比中个位数增长，全年毛利率预计为38%-40%[4] - 公司战略性扩大仓储网络和在线销售渠道,有助于业务增长[7] - 受海运费大幅上涨的影响,但已开始有所缓解[6] - 公司2024年上半年调整后EBITDA为29,224,000美元，占净销售额14.0%[48] - 公司2024年上半年调整后每股摊薄收益为0.88美元[50] - 公司2024年第二季度调整后EBITDA为15,683,000美元，占净销售额13.9%[48] - 公司2024年第二季度调整后每股摊薄收益为0.49美元[50] - 公司2023年上半年调整后EBITDA为36,396,000美元，占净销售额17.8%[48] - 公司2023年上半年调整后每股摊薄收益为1.15美元[50] - 公司2023年第二季度调整后EBITDA为21,142,000美元，占净销售额19.4%[48] - 2023年第二季度,国内外连锁店销售额为24,052千美元,同比增长0.9%[57] - 2023年第二季度,经销商销售额为62,097千美元,同比下降0.8%[57] - 2023年第二季度,线上销售额为19,546千美元,同比增长26.1%[57] - 2023年第二季度,零售销售额为6,905千美元,同比增长1.1%[57] 非GAAP指标 - 公司认为上述非GAAP指标可以帮助管理层评估Karat的核心业绩,并为投资者提供更清晰的运营结果信息[56]

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 ...

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 (domest ...

CHINO, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (“Karat”), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that it will participate in two investor conferences in June. On June 4, 2024 at 11:30 a.m. ET, Karat’s Chief Executive Officer Alan Yu and Chief Financial Officer Jian Guo will participate in a fireside chat at the Stifel 2024 Cross Sector Insight Conference, taking place at the InterContinental Boston Ho ...

Karat Packaging, Inc. (KRT) reported first-quarter 2024 adjusted earnings per share (EPS) of 40 cents, missing the Zacks Consensus Estimate of 44 cents. The bottom line declined 11% from earnings of 45 cents in the year-ago quarter.Including one-time items, EPS was 31 cents compared with the year-ago quarter’s 45 cents.Total revenues decreased 0.2% year over year to $96 million in the reported quarter. The top line missed the Zacks Consensus Estimate of $100 million. The year-over-year decline was led by pr ...

财务数据和关键指标变化 - 2024年第一季度销售额约为9560万美元,与去年同期基本持平 [14] - 销量同比增长3.5% [7] - 毛利率为39.3%,较去年同期的39.8%略有下降 [19] - 经营利润受到2百万美元的非现金减值影响 [20] - 净利润为650万美元,较去年同期的920万美元下降 [22] - 调整后EBITDA为1350万美元,较去年同期的1530万美元下降 [23] - 调整后每股收益为0.40美元,较去年同期的0.46美元下降 [23] 各条业务线数据和关键指标变化 - 自制产品销售占比从去年同期的23%下降至12.4% [8] - 环保产品销售增长6%,占总销售的34.5%,较去年同期的32.6%有所提升 [8][9] - 分销渠道销售下降3.3%,但线上渠道和零售渠道销售分别增长9%和5% [16][17] 各个市场数据和关键指标变化 - 加州市场和西海岸地区餐饮业整体疲软,销售下滑 [67] - 中西部和东北地区市场表现较好,公司正加大在这些地区的渗透 [17] 公司战略和发展方向及行业竞争 - 公司继续推进轻资产策略,加大进口产品销售 [8] - 新建亚利桑那州仓库已投入运营,有助于提升西南地区的配送效率 [11] - 正在考虑在东南地区建立新的配送中心,进一步拓展关键市场 [11] - 正在探索战略性收购机会,进一步提高市场份额 [12] - 行业整体面临餐饮业疲软、劳动力短缺等挑战 [67][68] - 但公司看好新业务管线和产品线扩展,有信心实现全年8%-15%的销售增长 [26] 管理层对经营环境和未来前景的评论 - 公司新业务管线和产品线扩展正在见效,有助于推动销售增长 [7] - 海运费率和汇率走势有利于维持较高的毛利率水平 [10] - 对全年业绩保持乐观,预计销售增长8%-15%,毛利率在37%-40%之间 [26] 问答环节重要的提问和回答 问题1 **Michael Hoffman 提问** 对于第一季度销售额低于预期的原因,各个渠道的表现如何?公司对下一季度的信心来源何在? [29][31] **Alan Yu 和 Jian Guo 回答** - 第一季度销售额低于预期主要是由于新的收入确认政策导致2百万美元收入被推迟至下一季度 [32][33][34] - 剔除这一影响,公司实际表现接近预期水平 [34] - 分销渠道仍然疲软,但线上和零售渠道保持良好增长 [16][17] - 公司看好新业务管线和产品线扩展,以及东南地区新仓储中心的建设,对下季度保持信心 [26][49][59] 问题2 **Ryan Meyers 提问** 公司是否已经消化了原材料和运输成本的上涨压力,未来毛利率不会受到影响? [51][52] **Alan Yu 回答** - 公司已经消化了原材料和运输成本的上涨压力,未来毛利率不会受到影响 [51] - 公司已经锁定了到2025年4月的海运费率,加上美元走强,有信心维持较高的毛利率水平 [10][49] 问题3 **Michael Francis 提问** 公司是否有明确的资本配置目标,比如将多少自由现金流用于派息? [69] **Alan Yu 回答** - 公司目前现金充裕,正在考虑并购机会,但不会超出现有现金储备 [70][71] - 公司会根据经营现金流情况适当提高派息水平,但不会过度消耗现金 [70]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number 001-40336 Karat Packaging Inc. (Exact name of registrant as specified in its charter) Delaware 83-2237 ...

Karat Packaging Reports 2024 First Quarter Financial Results CHINO, Calif, May 9, 2024 – 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 mi ...

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 ...

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 ( ...