secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001628280-23-017220
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Karat Packaging Q1 net income up 15.6%, gross margin record 39.8%, special dividend $0.35
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000162828023017220/0001628280-23-017220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000162828023017220/krt-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-017220

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