secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001628280-24-036146
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Karat Packaging Q2 revenue up 3.5% to $112.6M; net income down to $9.2M from $10.7M
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- Net sales $112.6M (+3.5% YoY); gross margin stable at 38.5%.
- Net income $9.2M ($0.45 diluted EPS) vs $10.7M ($0.53) a year ago.
- Adjusted EBITDA $15.7M (13.9% margin) vs $21.1M (19.4%) prior-year quarter.
- Q3 2024 guidance: net sales mid-to-high single-digit growth; gross margin 38-39%.
- Board approved $0.35 regular + $0.15 special cash dividend, payable Aug 30 to holders of record Aug 21.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000162828024036146/0001628280-24-036146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000162828024036146/krt-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-036146

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