secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001628280-22-029498
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000162828022029498/0001628280-22-029498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000162828022029498/krt-20221110.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-029498

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