Karat Packaging Q1 2026 net sales $116.9M (+12.9% YoY), EPS $0.34; declares $0.45 dividend

Karat Packaging Inc.

2026-Q1 EPS reported $0.34 revenue$116,947,000

Net sales $116.9M (+12.9% YoY), net income $7.1M (+4.8% YoY), diluted EPS $0.34.
Gross margin 35.5% vs 39.3% YoY; import duty/tariff costs rose from $3.4M to $10.5M.
Adjusted EBITDA $12.5M vs $11.9M; adjusted EBITDA margin 10.7% vs 11.5%.
Q2 guidance: net sales +8-10% YoY, gross margin 35-37%; FY: sales low double-digits, gross margin 34-36%, EBITDA margin 11-13%.
Quarterly dividend of $0.45/share declared, payable May 28 to holders of record May 21.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Karat Packaging Inc. reported the quarter ended March 31, 2026 results: revenue $116.9 million, net income $7.1 million, EPS $0.34 per diluted share.

Period: the quarter ended March 31, 2026
Revenue: $116.9 million
Net income: $7.1 million
EPS: $0.34 per diluted share
Result: reported results

Exact text from the filing

First Quarter 2026 Highlights • Net sales of $116.9 million , up 12.9 percent , from $103.6 million in the prior-year quarter. • Gross profit of $41.5 million , up 1.9 percent , from $40.8 million in the prior-year quarter. • Gross margin of 35.5 percent , reflecting an expected decrease from 39.3 percent in the prior-year quarter due to elevated tariffs. • Net income of $7.1 million , up 4.8 percent , from $6.8 million in the prior-year quarter. • Net income margin of 6.1 percent versus 6.6 percent in the prior-year quarter. • Adjusted EBITDA of $12.5 million versus $11.9 million in the prior-year quarter. • Adjusted EBITDA margin of 10.7 percent versus 11.5 percent i n the prior-year quarter. Guidance • Net sales for the 2026 second quarter expected to increase by 8 to 10 percent from the prior-year quarter. • Gross margin for the 2026 second quarter expected to be within 35 to 37 percent, excluding potential tariff refund impact under the current trade policy. • Adjusted EBITDA marg

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Karat Packaging Inc. updated its the 2026 second quarter and full-year 2026 guidance (initiated).

Period: the 2026 second quarter and full-year 2026
Guidance: initiated
Result: guidance update

Exact text from the filing

Guidance • Net sales for the 2026 second quarter expected to increase by 8 to 10 percent from the prior-year quarter. • Gross margin for the 2026 second quarter expected to be within 35 to 37 percent, excluding potential tariff refund impact under the current trade policy. • Adjusted EBITDA margin for the 2026 second quarter expected to be within 11 to 13 percent, excluding potential tariff refund impact under the current trade policy. • N et sales for full-year 2026 expected to increase by low double-digits from the prior year. • Gross margin for full-year 2026 expected to be within 34 to 36%, excluding potential tariff refund impact under the current trade policy. • Adjusted EBITDA margin for full-year 2026 expected to be within 11 to 13 percent, excluding potential tariff refund impact under the current trade policy.

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Source: SEC EDGAR

accession 0001758021-26-000019

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