Karat Packaging Q2 record sales $136.3M, net income up 168% on tariff refunds; dividend raised to $0.47

Karat Packaging Inc.

Record Q2 net sales $136.3M (+9.9% YoY); net income $29.6M (+168.3%) includes $20.2M from IEEPA tariff refunds.
Adjusted EBITDA $41.6M (30.5% margin) includes $25.8M tariff refunds; Q3 guidance: gross margin 35-37%, adj. EBITDA margin 9-11%.
Board raised quarterly dividend to $0.47/share (payable Aug 28, record Aug 21); $2.0M share repurchases in Q2 at avg $27.11.
Online sales grew 23.6% YoY; added four new chain accounts; new 47,000 sq ft distribution center in Orlando expected Q3 2026.

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