{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-022235","form_type":"8-K","ticker":"KRT","cik":"0001758021","company_name":"Karat Packaging Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.921466+00:00","generated_at":"2026-06-02T06:36:02.955469+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Karat Packaging Q1 net income down 29% to $6.5M; raises dividend to $0.35/share","bullets":["Net sales $95.6M flat YoY; net income $6.5M vs $9.2M, includes $1.5M impairment charge.","Adjusted EBITDA $13.5M vs $15.3M; adjusted EPS $0.40 vs $0.46.","Dividend raised to $0.35/share (+17%) payable May 24 to holders of record May 17.","Eco-friendly product sales grew 5.6% to 34.5% of total sales.","FY 2024 net sales guidance 8-15% growth; Q2 mid-single digit growth expected."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-022235","json":"https://secwatch.observer/filing/0001628280-24-022235.json","markdown":"https://secwatch.observer/filing/0001628280-24-022235.md","text":"https://secwatch.observer/filing/0001628280-24-022235.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1758021/000162828024022235/0001628280-24-022235-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1758021/000162828024022235/krt-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T06:36:02.955469+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":"1aed8c341f810c29899c912256c5ba6b756d1278","claim":"Karat Packaging Inc. reported 2024 first quarter ended March 31, 2024 results: revenue $95.6 million, net income $6.5 million, EPS $0.31 per diluted share. Guidance initiated.","evidence_excerpt":"foodservice products and related items, today announced financial results for its 2024 first quarter ended March 31, 2024. First Quarter 2024 Highlights • Net sales of $95.6 million, versus $95.8 million in the prior-year quarter. • Gross profit of $37.6 million, versus $38.1 million in the prior-year quarter. • Gross margin of 39.3 percent versus 39.8","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758021/000162828024022235/0001628280-24-022235-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2024 first quarter ended March 31, 2024"},{"label":"Revenue","value":"$95.6 million"},{"label":"Net income","value":"$6.5 million"},{"label":"EPS","value":"$0.31 per diluted share"},{"label":"Guidance","value":"initiated"},{"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"}