Company Karat Packaging Inc.

Equities

KRT

US48563L1017

Non-Paper Containers & Packaging

Market Closed - Nasdaq 04:00:00 2024-04-18 pm EDT 5-day change 1st Jan Change
26.47 USD -0.60% Intraday chart for Karat Packaging Inc. -8.69% +6.52%

Business Summary

Karat Packaging Inc. is a specialty distributor and manufacturer of a range of disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings across the United States. The Company classifies its customers into four categories. Distributors include national and regional distributors across the United States that purchase its products and provide a channel to offer its products to restaurants, offices, schools, government entities and other end users. National and regional chains include typically fast casual and fast-food restaurants with locations across multiple states. Retail includes primarily regional bubble tea shops, boutique coffee shops and frozen yogurt shops that often purchase its specialty beverage ingredients and related items. E-commerce/Online includes small businesses, such as small restaurants, bubble tea shops, coffee shops, juice bars, smoothie shops and some customers who purchase for personal use.

Number of employees: 792

Sales per Business

USD in Million2022Weight2023Weight Delta
Distributors
56.3 %
242 57.3 % 228 56.3 % -5.77%
National and Regional Chains
22.1 %
96 22.6 % 90 22.1 % -6.40%
Online
15.1 %
54 12.7 % 61 15.1 % +14.09%
Retail
6.5 %
31 7.4 % 26 6.5 % -15.31%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
423 100.0 % 406 100.0 % -4.09%

Managers

Managers TitleAgeSince
Chief Executive Officer 54 99-12-31
Director of Finance/CFO 45 22-01-31
Corporate Officer/Principal - 17-12-31
Corporate Officer/Principal - -
Corporate Secretary 55 21-04-18

Members of the board

Members of the board TitleAgeSince
Chief Executive Officer 54 99-12-31
Corporate Secretary 55 21-04-18
Director/Board Member 67 -
Director/Board Member 58 -
Director of Finance/CFO 45 22-01-31
Director/Board Member 55 -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 19,995,030 7,002,991 ( 35.02 %) 23,000 ( 0.1150 %) 35.02 %

Shareholders

NameEquities%Valuation
Alan Yu
34.70 %
6,926,698 34.70 % 198 M $
6,099,727 30.55 % 175 M $
Wellington Management Co. LLP
2.637 %
526,536 2.637 % 15 M $
American Century Cos., Inc.
1.907 %
380,723 1.907 % 11 M $
Columbia Management Investment Advisers LLC
1.903 %
379,966 1.903 % 11 M $
Vanguard Fiduciary Trust Co.
1.732 %
345,874 1.732 % 10 M $
Wasatch Advisors, Inc.
1.723 %
344,047 1.723 % 10 M $
BlackRock Advisors LLC
1.693 %
338,068 1.693 % 10 M $
Acadian Asset Management LLC
1.175 %
234,525 1.175 % 7 M $
UBS Financial Services, Inc.
0.8472 %
169,132 0.8472 % 5 M $

Company contact information

Karat Packaging, Inc.

6185 Kimball Avenue

91708, Chino

+626 965 8882

http://www.karatpackaging.com
address Karat Packaging Inc.(KRT)
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