Karat Packaging Inc. (KRT)
2025-06-30 | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Net sales | 123,986 | 112,771 | 112,600 | |
| Cost of goods sold | 74,879 | 69,274 | 69,193 | |
| Gross profit | 49,107 | 43,497 | 43,407 | |
| Impairment expense and (gain) loss, net, on disposal of machinery | - | -27 | 531 | |
| Selling expenses | 13,716 | 13,746 | 13,868 | |
| General and administrative expenses (including 785 and 689 associated with variable interest entity for the three months ended june 30, 2025 and 2024, respectively 1,462 and 1,245 associated with variable interest entity for the six months ended june 30, 2025 and 2024, respectively) | 19,124 | 18,508 | 17,893 | |
| Impairment expense and (gain) loss, net, on disposal of property and equipment | -283 | - | - | |
| Total operating expenses | 32,557 | 32,227 | 32,292 | |
| Operating income | 16,550 | 11,270 | 11,115 | |
| Rental income (including 361 and 258 associated with variable interest entity for the three months ended june 30, 2025 and 2024, respectively 807 and 513 associated with variable interest entity for the six months ended june 30, 2025 and 2024, respectively) | 755 | 593 | 600 | |
| Other (expenses) income, net | -82 | 48 | 51 | |
| Interest income (including 85 and 133 associated with variable interest entity for the three months ended june 30, 2025 and 2024, respectively 311 and 346 associated with variable interest entity for the six months ended june 30, 2025 and 2024, respectively) | 676 | 770 | 533 | |
| Interest expense (including 509 and 519 associated with variable interest entity for the three months ended june 30, 2025 and 2024, respectively 1,009 and 1,036 associated with variable interest entity for the six months ended june 30, 2025 and 2024, respectively) | 521 | 535 | 548 | |
| (loss) gain on foreign currency transactions | -2,867 | -287 | 317 | |
| Total other (expenses) income, net | -2,039 | 589 | 953 | |
| Income before provision for income taxes | 14,511 | 11,859 | 12,068 | |
| Provision for income taxes | 3,459 | 2,597 | 2,841 | |
| Net income | 11,052 | 9,262 | 9,227 | |
| Net income attributable to noncontrolling interest | 118 | 168 | 127 | |
| Net income attributable to karat packaging inc | 10,934 | 9,094 | 9,100 | |
| Basic (in dollars per share) | 0.55 | 0.45 | 0.46 | |
| Diluted (in dollars per share) | 0.54 | 0.45 | 0.45 | |
| Weighted average common shares outstanding, basic (in shares) | 20,058,000 | 20,017,774 | 19,994,250 | |
| Weighted average common shares outstanding, diluted (in shares) | 20,191,000 | 20,133,813 | 20,113,842 | |