secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0001628280-25-012597
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000162828025012597/0001628280-25-012597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000162828025012597/krt-20250313.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-012597

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