Karat Packaging Inc. (NASDAQ:KRT) Q4 2022 Earnings Conference Call March 16, 2023 5:00 PM ET
Company Participants
Alan Yu - Chief Executive Officer
Jian Guo - Chief Financial Officer
Roger Pondel - Investor Relations
Conference Call Participants
Jake Bartlett - Truist Securities
Ryan Meyers - Lake Street
Michael Hoffman - Stifel
Paul Dircks - William Blair
Jake Bartlett - Truist Securities
Operator
Good day! And welcome to the Karat Packaging Inc. Fourth Quarter and Full Year 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation there will be an opportunity to ask questions. [Operator Instructions]. Please note, this event is being recorded.
I would now like to turn the conference over to Roger Pondel, Investor Relations. Please go ahead.
Roger Pondel
Thank you, operator. Good afternoon, everyone and welcome to Karat Packaging's 2022 fourth quarter earnings call. I'm Roger Pondel with PondelWilkinson, Karat Packaging's Investor Relations firm. It will be my pleasure momentarily to introduce the company's Chief Executive Officer, Alan Yu and its Chief Financial Officer, Jian Guo.
Before I turn the call over to Alan, I want to remind our listeners that today's call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to numerous conditions, many of which are beyond the company's control, including those set forth in the Risk Factors section of the company’s most recent Form 10-K as filed with the Securities and Exchange Commission, and copies of which are available on the SEC's website at www.sec.gov, along with other company filings made with the SEC from time-to-time.
Actual results could differ materially from these forward-looking statements, and Karat Packaging undertakes no obligation to update any forward-looking statements, except as required by law.
Please also note that during today's call we will be discussing adjusted EBITDA, adjusted EBITDA margin and adjusted diluted earnings per share, which are non-GAAP financial measures as defined by SEC Regulation G. A reconciliation of the most comparable GAAP measures to the non-GAAP financial measures is included in today's press release, which is now posted on the company's website.
And with that, I’ll turn the call over to CEO, Alan Yu. Alan?
Alan Yu
Thank you, Roger, and hello everyone. We were able to grow our top line during the fourth quarter of 2022 against a very strong prior year quarter, despite an overall challenging deflationary environment in our industry and multiple price reduction that we've implemented.