secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-022235
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000162828024022235/0001628280-24-022235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000162828024022235/krt-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022235

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