Karat Packaging Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	405.46	405.65	422.96	364.24	295.52	224.91
Revenue Growth (YoY)	-1.91%	-4.09%	16.12%	23.26%	31.39%	-
Cost of Revenue	252.96	252.61	290.87	256.42	206.39	163.89
Gross Profit	152.5	153.04	132.09	107.83	89.13	61.02
Selling, General & Admin	110.64	108.44	102.1	84.68	61.43	55.18
Other Operating Expenses	4.44	2.53	-0.03	0	0	0
Operating Expenses	115.08	110.97	102.07	84.68	61.43	55.18
Operating Income	37.42	42.08	30.02	23.15	27.7	5.84
Interest Expense / Income	2.16	2.04	2.02	2.91	5.49	4.75
Other Expense / Income	-3.33	-2.24	-2.33	-5.63	-0.57	-1.42
Pretax Income	38.59	42.27	30.32	25.87	22.78	2.51
Income Tax	8.96	9.8	6.68	5.09	5.26	0.78
Net Income	29.63	32.47	23.65	20.78	17.52	1.72
Net Income Growth	14.03%	37.31%	13.81%	18.62%	916.07%	-
Shares Outstanding (Basic)	20	20	20	18	15	15
Shares Outstanding (Diluted)	20	20	20	19	15	15
Shares Change	0.68%	0.26%	7.32%	20.19%	1.70%	-
EPS (Basic)	1.49	1.63	1.19	1.13	1.15	0.11
EPS (Diluted)	1.49	1.63	1.19	1.13	1.15	0.11
EPS Growth	13.74%	36.97%	5.31%	-1.74%	945.45%	-
Free Cash Flow	39.6	45.39	14.8	-3.7	-21.91	-24.79
Free Cash Flow Per Share	1.98	2.28	0.75	-0.20	-1.44	-1.63
Dividend Per Share	0.850	0.850	0.350	-	-	-
Dividend Growth	142.86%	142.86%	-	-	-	-
Gross Margin	37.61%	37.73%	31.23%	29.60%	30.16%	27.13%
Operating Margin	9.23%	10.37%	7.10%	6.35%	9.37%	2.59%
Profit Margin	7.31%	8.00%	5.59%	5.70%	5.93%	0.77%
Free Cash Flow Margin	9.77%	11.19%	3.50%	-1.02%	-7.41%	-11.02%
Effective Tax Rate	23.22%	23.19%	22.02%	19.67%	23.09%	31.18%
EBITDA	56.97	60.07	46.57	38.82	36.84	13.21
EBITDA Margin	14.05%	14.81%	11.01%	10.66%	12.47%	5.87%
Depreciation & Amortization	16.22	15.75	14.23	10.04	8.57	5.95
EBIT	40.75	44.32	32.34	28.77	28.27	7.26
EBIT Margin	10.05%	10.92%	7.65%	7.90%	9.57%	3.23%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).