Karat Packaging Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 105.53 million compared to USD 110 million a year ago. Net income was USD 9.07 million compared to USD 6.1 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 0.31 a year ago.
For the nine months, sales was USD 310.07 million compared to USD 330.29 million a year ago. Net income was USD 28.57 million compared to USD 19.11 million a year ago. Basic earnings per share from continuing operations was USD 1.44 compared to USD 0.96 a year ago. Diluted earnings per share from continuing operations was USD 1.43 compared to USD 0.96 a year ago.