---
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"
generated_at: "2026-06-02T06:36:02.955469+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Karat Packaging Q1 net income down 29% to $6.5M; raises dividend to $0.35/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-022235
- JSON: https://secwatch.observer/filing/0001628280-24-022235.json
- Plain text: https://secwatch.observer/filing/0001628280-24-022235.txt

## Key facts
- Earnings Releases
  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.
  - Period: 2024 first quarter ended March 31, 2024
  - Revenue: $95.6 million
  - Net income: $6.5 million
  - EPS: $0.31 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1758021/000162828024022235/0001628280-24-022235-index.htm

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