{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-038255","form_type":"8-K","ticker":"KRT","cik":"0001758021","company_name":"Karat Packaging Inc.","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.332320+00:00","generated_at":"2026-06-08T07:12:06.922853+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Karat Packaging Q3 net income up 48.5%; dividend doubled to $0.20/share","bullets":["Net sales $105.5M (-4.1% YoY); net income $9.1M (+48.5%); diluted EPS $0.45 vs $0.31.","Gross margin 36.9% vs 31.1% (+580 bps); ocean freight cost dropped to 7.9% of sales from 14.8%.","Adjusted EBITDA $15.2M (+29.6%); margin 14.4% vs 10.7%.","Board increased quarterly cash dividend to $0.20 per share (100% increase).","Q4 net sales guided +2-5% YoY; full-year gross margin target 37.5%-38.5%."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-038255","json":"https://secwatch.observer/filing/0001628280-23-038255.json","markdown":"https://secwatch.observer/filing/0001628280-23-038255.md","text":"https://secwatch.observer/filing/0001628280-23-038255.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1758021/000162828023038255/0001628280-23-038255-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1758021/000162828023038255/krt-20231109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T07:12:06.922853+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":"241b0b27591725c00346af1510dff9397f0e70a1","claim":"Karat Packaging Inc. reported third quarter ended September 30, 2023 results: revenue $105.5 million, net income $9.1 million, EPS $0.45 per diluted share. Guidance reaffirmed.","evidence_excerpt":"and related items, today announced financial results for its third quarter and nine-months ended September 30, 2023. Third Quarter 2023 Highlights • Quarterly net sales of $105.5 million, down 4.1 percent from the prior year quarter. • Gross profit of $38.9 million, up 14.0 percent from the prior year quarter. • Gross margin of 36.9 percent versus 31.1 percent in","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758021/000162828023038255/0001628280-23-038255-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$105.5 million"},{"label":"Net income","value":"$9.1 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"}