---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-029498"
form_type: "8-K"
ticker: "KRT"
cik: "0001758021"
company_name: "Karat Packaging Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T23:18:48.662767+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Karat Packaging Q3 net sales $110M; net income up 51% to $6.2M; record operating cash flow

## Summary
- Net sales $110.0M (+7.1% YoY); net income $6.2M (+51.1%); diluted EPS $0.31 vs $0.19.
- Gross margin expanded 210 bps to 31.1%; adjusted EBITDA $11.7M (+30.1%), margin 10.7%.
- Record quarterly operating cash flow of $20.2M; liquidity $54.5M as of Sept 30.
- Q4 2022 revenue guidance $95-98M vs $91.3M in prior-year quarter; full-year gross margin goal 31-32%.
- Eco-friendly product sales grew 26.7% in Q3; Joint venture for bagasse production in Taiwan on track.

## SEC filing metadata
- accession: 0001628280-22-029498
- form_type: 8-K
- ticker: KRT
- cik: 0001758021
- company_name: Karat Packaging Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758021/000162828022029498/0001628280-22-029498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758021/000162828022029498/krt-20221110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-029498
- JSON: https://secwatch.observer/filing/0001628280-22-029498.json
- Plain text: https://secwatch.observer/filing/0001628280-22-029498.txt

## Key facts
- Earnings Releases
  Karat Packaging Inc. reported the quarter ended September 30, 2022 results: revenue $110.0 million, net income $6.2 million, EPS $0.31 per diluted share.
  - Period: the quarter ended September 30, 2022
  - Revenue: $110.0 million
  - Net income: $6.2 million
  - EPS: $0.31 per diluted share
  - Result: reported results
  source text: products and related items, today announced financial results for its third quarter and nine-months ended September 30, 2022. Third Quarter 2022 Highlights • Net sales of $110.0 million, up 7.1 percent from the prior-year quarter. • Gross profit of $34.2 million, up 14.7 percent from the prior-year quarter. • Gross margin of 31.1 percent, increased from 29.0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758021/000162828022029498/0001628280-22-029498-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.