Karat Packaging Q4 net sales up 6.3% to $101.6M; gross margin expands to 39.2%; issues 2025 guidance

Karat Packaging Inc.

Q4 net sales $101.6M (+6.3% YoY); gross profit $39.8M (+16.8%); net income $5.9M (+40.3%); adjusted EBITDA $11.3M.
Full year 2024 net sales $422.6M (+4.2%); net income attributable $30.0M ($1.49/sh) vs $32.5M ($1.63) prior year.
Q1 2025 guidance: net sales +6-8%; gross margin 37-39%; adjusted EBITDA margin 9-11%. Full year 2025 sales +9-11%.
China sourcing reduced to ~20% of imports; Taiwan >50%; pricing increases in March/April to offset tariffs.
Quarterly dividend of $0.45/share paid on Feb 28, 2025, to shareholders of record Feb 24.

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