Karat Packaging Q2 revenue $114.9M, record high; adjusted EPS $0.34

Karat Packaging Inc.

2022-Q2 EPS reported $0.65 revenue$220,294,000

Record Q2 net sales $114.9M, +21.5% YoY; gross margin 29.6% vs 29.7% YoY.
Net income $7.2M ($0.32 diluted EPS) vs $9.3M ($0.50) last year; adjusted diluted EPS $0.34 vs $0.29.
Adjusted EBITDA $11.8M, +14.6% YoY; margin 10.3% vs 10.9%.
Q3 2022 net sales guidance $117-120M; full-year 2022 net sales guidance $445-449M.
Gross margin goal for full-year 2022: 31% to 32%.

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