secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001628280-23-038255
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 income up 48.5%; dividend doubled to $0.20/share
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000162828023038255/0001628280-23-038255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000162828023038255/krt-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-038255

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