---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-008295"
form_type: "8-K"
ticker: "KRT"
cik: "0001758021"
company_name: "Karat Packaging Inc."
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T00:44:26.120136+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Karat Q4 net income $4.5M, down from $6.0M; full-year net sales $423M (+16.1%)

## Summary
- Q4 net sales $92.7M (+1.5% YoY); gross margin 32.0% (+100 bps) despite $1.7M inventory write-off.
- Full-year 2022 net income $25.8M vs $22.4M (incl. $5M debt forgiveness); adjusted EBITDA $45.6M.
- 2023 outlook: net sales expected high single-digit growth; gross margin target 32%-33%.
- Adding warehouses in Chicago and Houston; scaling back CA manufacturing; expanding sales team ~35%.
- Eco-friendly product sales in Q4 up 24% YoY; new chain contracts expected to benefit H2 2023.

## SEC filing metadata
- accession: 0001628280-23-008295
- form_type: 8-K
- ticker: KRT
- cik: 0001758021
- company_name: Karat Packaging Inc.
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1758021/000162828023008295/0001628280-23-008295-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758021/000162828023008295/krt-20230316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-008295
- JSON: https://secwatch.observer/filing/0001628280-23-008295.json
- Plain text: https://secwatch.observer/filing/0001628280-23-008295.txt

## Key facts
- Earnings Releases
  Karat Packaging Inc. reported fourth quarter and year ended December 31, 2022 results: revenue $92.7 million, net income $4.5 million, EPS $0.23 per diluted share.
  - Period: fourth quarter and year ended December 31, 2022
  - Revenue: $92.7 million
  - Net income: $4.5 million
  - EPS: $0.23 per diluted share
  - Result: reported results
  source text: products and related items, today announced financial results for its fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Highlights • Net sales of $92.7 million, up 1.5 percent from the prior-year quarter. • Gross profit of $29.7 million, negatively impacted by an out-of-period inventory write-off of $1.7 million, up 4.8 percent from the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758021/000162828023008295/0001628280-23-008295-index.htm

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