secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001628280-22-014084
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Karat Packaging Q1 2022 revenue $105.4M (+39% YoY); net income doubles to $7.9M
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- Record quarterly net sales $105.4M, up 39.3% YoY; gross margin 32.5% (+390 bps).
- Net income $7.9M vs $3.1M; diluted EPS $0.34 vs $0.12; adjusted EPS $0.36.
- Adjusted EBITDA $13.0M (+90.3%); margin 12.3% (+330 bps).
- Q2 guidance: net sales $116M-$118M; FY2022 guidance $445M-$449M; gross margin 31-32%.
- Post-Q1: JV to build 180k sq ft Taiwan factory for compostable products; added 140k sq ft warehouse.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000162828022014084/0001628280-22-014084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000162828022014084/krt-20220512.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-014084

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer