{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-017220","form_type":"8-K","ticker":"KRT","cik":"0001758021","company_name":"Karat Packaging Inc.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.411112+00:00","generated_at":"2026-06-15T06:46:23.205584+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Karat Packaging Q1 net income up 15.6%, gross margin record 39.8%, special dividend $0.35","bullets":["Net sales $95.8M (-9.1% YoY); net income $9.2M (+15.6%); diluted EPS $0.45 vs $0.34.","Record gross margin of 39.8% (up 730bps) on lower ocean freight and raw material costs.","Adjusted EBITDA $15.3M (+17.6%); adjusted diluted EPS $0.46.","Board declared special dividend of $0.35/share, payable May 31 to holders of record May 23.","2023 guidance: full-year net sales up high single digits; Q2 net sales expected down ~5% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-017220","json":"https://secwatch.observer/filing/0001628280-23-017220.json","markdown":"https://secwatch.observer/filing/0001628280-23-017220.md","text":"https://secwatch.observer/filing/0001628280-23-017220.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1758021/000162828023017220/0001628280-23-017220-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1758021/000162828023017220/krt-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:46:23.205584+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f277bb7631048ad09e93513d69317242ae89edaf","claim":"Karat Packaging Inc. reported first quarter and three months ended March 31, 2023 results: revenue $95.8 million, net income $9.2 million, EPS $0.45 per diluted share. Guidance reaffirmed.","evidence_excerpt":"foodservice products and related items, today announced financial results for its 2023 first quarter ended March 31, 2023. First Quarter 2023 Highlights • Quarterly net sales of $95.8 million, decreased 9.1 percent from the prior-year quarter. • Gross profit of $38.1 million, up 12.2 percent from the prior-year quarter. • Record gross margin of 39.8 percent, an","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758021/000162828023017220/0001628280-23-017220-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter and three months ended March 31, 2023"},{"label":"Revenue","value":"$95.8 million"},{"label":"Net income","value":"$9.2 million"},{"label":"EPS","value":"$0.45 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}