secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001628280-24-011222
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000162828024011222/0001628280-24-011222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000162828024011222/krt-20240314.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-011222

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer