---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-011222"
form_type: "8-K"
ticker: "KRT"
cik: "0001758021"
company_name: "Karat Packaging Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:59:35.359819+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Karat Packaging Q4 net income $4.2M; full year net income up 28.4%; dividend raised to $0.30

## Summary
- Q4 net sales $95.6M (+3.1% YoY); volume +7.3%; gross margin 35.7% vs 32.0%.
- Full year 2023 net income $33.2M (+28.4%), net sales $405.7M (-4.1%).
- Quarterly dividend increased to $0.30/share from $0.20, authorized by board.
- Guides Q1 2024 net sales low-to-mid single-digit growth; FY24 growth 8-15%, gross margin 35-38%.
- Record full year gross margin of 37.7% driven by shift to imports and lower ocean freight.

## SEC filing metadata
- accession: 0001628280-24-011222
- form_type: 8-K
- ticker: KRT
- cik: 0001758021
- company_name: Karat Packaging Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1758021/000162828024011222/0001628280-24-011222-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758021/000162828024011222/krt-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-011222
- JSON: https://secwatch.observer/filing/0001628280-24-011222.json
- Plain text: https://secwatch.observer/filing/0001628280-24-011222.txt

## Key facts
- Earnings Releases
  Karat Packaging Inc. updated its the fourth quarter and full year ended December 31, 2023 guidance (raised).
  - Period: the fourth quarter and full year ended December 31, 2023
  - Guidance: raised
  - Result: reported results
  source text: On March 14, 2024, Karat Packaging Inc. (the "Company”) issued a press release reporting its financial results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758021/000162828024011222/0001628280-24-011222-index.htm

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