Brief: Karat Packaging Reports Fourth Quarter Earnings Per Share $0.23

Karat Packaging

16/03/2023 22:48

March 16 (Reuters) - Karat Packaging Inc  KRT.O :
    * KARAT PACKAGING REPORTS FOURTH QUARTER AND FULL YEAR 2022
FINANCIAL RESULTS
    * QTRLY NET SALES OF $92.7 MILLION, UP 1.5 PERCENT FROM
PRIOR-YEAR
QUARTER
    * NET SALES FOR FULL YEAR 2023 EXPECTED TO INCREASE HIGH
SINGLE
DIGIT
    * KARAT PACKAGING- SALES FOR H1 OF 2023 ANTICIPATED TO BE
LOWER
DUE, IN PART, TO PRICE REDUCTIONS, DESTOCKING FOR CERTAIN
INVENTORIES, VERSUS PRIOR YEAR PERIOD
    * QTRLY EARNINGS PER SHARE  $0.23
    * Q4 EARNINGS PER SHARE VIEW $0.33, REVENUE VIEW $96.1
MILLION --
REFINITIV IBES DATA
    * FY2023 REVENUE VIEW $465.2 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX4G8mgQ 
Further company coverage:  KRT.O 

 ((Reuters.Briefs@thomsonreuters.com;))