secwatch.observer — SEC 8-K summary
======================================

Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-046298
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Karat Packaging Q3 net sales $112.8M (+6.9%), net income $9.3M, dividend raised to $0.40
--------------------------------------------------------------------------------

- Net sales $112.8M (+6.9% YoY); gross margin 38.6% (+170 bps); net income $9.3M (+1.3%).
- Adjusted EBITDA $14.7M (margin 13.0%) vs $15.2M (14.4%) prior year; adj. EPS $0.47.
- Quarterly dividend raised to $0.40/share from $0.35; payable Nov 29 to holders of record Nov 20.
- Q4 guidance: net sales growth mid-to-high single %; gross margin 39-40%.
- Volume up ~10%, new supermarket chain shipments of bakery containers and utensils.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000162828024046298/0001628280-24-046298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000162828024046298/krt-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046298

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