Highest-materiality recent filing
Record Q2 net sales $136.3M (+9.9% YoY); net income $29.6M (+168.3%) includes $20.2M from IEEPA tariff refunds.
Karat Packaging increases quarterly dividend to $0.47 per share, up 4.4%
Quarterly dividend raised to $0.47 per share from $0.45, a 4.4% increase.
All five director nominees (Alan Yu, Jian Guo, Paul Y. Chen, Eric Chen, Eve Yen) elected with 16.2M-16.7M votes each; broker non-votes ~940K.
Karat Packaging Q1 2026 net sales $116.9M (+12.9% YoY), EPS $0.34; declares $0.45 dividend
Net sales $116.9M (+12.9% YoY), net income $7.1M (+4.8% YoY), diluted EPS $0.34.
Karat Packaging declares $0.45/share quarterly dividend payable May 28
Quarterly cash dividend of $0.45 per share on common stock declared.
Karat Packaging dismisses PwC as auditor, engages BDO USA for FY 2026
Audit Committee dismissed PwC and engaged BDO USA as independent auditor for FY 2026, effective March 13, 2026.
Karat Q4 sales hit record $115.6M (+13.7%); EPS $0.34 vs $0.28; guides Q1 higher
Record Q4 net sales $115.6M (+13.7% YoY); GAAP diluted EPS $0.34 vs $0.28; net income $7.2M (+22.8%).
Karat Packaging Declares Quarterly Cash Dividend of $0.45 per Share
Board declared regular quarterly cash dividend of $0.45 per share on common stock.
Karat Packaging Q3 net sales record $124.5M (+10.4% YoY); EPS down on tariff costs
Q3 net sales record $124.5M (+10.4% YoY); net income $7.6M ($0.36 diluted EPS) vs $9.3M ($0.45) prior year.
Karat Packaging declares $0.45 quarterly dividend and $15M share repurchase program
Quarterly cash dividend of $0.45 per share declared, payable Nov 28 to holders of record Nov 21, 2025.
Net sales $124.0M (+10.1% YoY); net income $11.1M (+19.8% YoY); diluted EPS $0.54 vs $0.45.
Karat Packaging declares $0.45 quarterly dividend, payable Aug 27
Dividend of $0.45 per share on common stock declared.
Karat Packaging shareholders elect all five director nominees and approve say on pay
Alan Yu, Jian Guo, Paul Y. Chen, Eric Chen, Eve Yen each elected with >16.8M votes for; broker non-votes 820,674.
Karat Packaging management secondary offering: 1.5M shares at $27 each
Secondary offering of 1,500,000 shares by management selling stockholders at $27.00 per share.
Karat Packaging Q1 net sales $103.6M (+8.4% YoY); EPS $0.32; declares $0.45 dividend
Net income $6.8M (+5.2% YoY); diluted EPS $0.32 vs $0.31 prior year.
Karat Packaging declares $0.45 quarterly dividend payable May 23, 2025
Quarterly cash dividend of $0.45 per share on common stock.
Karat Packaging Q4 net sales up 6.3% to $101.6M; gross margin expands to 39.2%; issues 2025 guidance
Q4 net sales $101.6M (+6.3% YoY); gross profit $39.8M (+16.8%); net income $5.9M (+40.3%); adjusted EBITDA $11.3M.
KRT amends credit line: reduces facility to $20M, extends maturity to 2027, rate SOFR+2.25%
Line of credit maximum reduced from $40M to $20M.
Karat Packaging raises quarterly dividend 12.5% to $0.45/share
Quarterly dividend raised 12.5% from $0.40 to $0.45 per share.
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%).
Karat Packaging increases quarterly dividend to $0.40 per share from $0.35
Quarterly cash dividend raised to $0.40 per share, up 14% from prior $0.35.
Karat Packaging discovers unauthorized third-party access to IT systems on Oct 18
Unauthorized access detected on October 18, 2024; company activated cybersecurity response plan.
Karat Packaging Q2 revenue up 3.5% to $112.6M; net income down to $9.2M from $10.7M
Net sales $112.6M (+3.5% YoY); gross margin stable at 38.5%.
Karat Packaging declares $0.35 quarterly and $0.15 special dividend, payable Aug 30
Special cash dividend of $0.15 per share on common stock.
All five director nominees elected: Alan Yu, Jian Guo, Paul Y. Chen, Eric Chen, Eve Yen.
Karat Packaging Q1 net income down 29% to $6.5M; raises dividend to $0.35/share
Net sales $95.6M flat YoY; net income $6.5M vs $9.2M, includes $1.5M impairment charge.
Karat Packaging raises quarterly dividend to $0.35 per share from $0.30
Board declared regular quarterly cash dividend of $0.35 per share, a 16.7% increase over prior $0.30.
Karat Packaging Q4 net income $4.2M; full year net income up 28.4%; dividend raised to $0.30
Q4 net sales $95.6M (+3.1% YoY); volume +7.3%; gross margin 35.7% vs 32.0%.
Karat Packaging signs lease for 44,000 sq ft distribution center in Mesa, Arizona; adds 5 sales reps
New 44,000 sq ft distribution center in Mesa, AZ is first Southwest facility outside California.
Karat Packaging raises quarterly dividend by 50% to $0.30 per share
Quarterly dividend increased from $0.20 to $0.30 per share, a 50% rise.
Karat Packaging Q3 net income up 48.5%; dividend doubled to $0.20/share
Net sales $105.5M (-4.1% YoY); net income $9.1M (+48.5%); diluted EPS $0.45 vs $0.31.
Karat Packaging appoints Daniel Quire as Chief Revenue Officer; salary $250,000
Daniel Quire appointed Chief Revenue Officer effective October 5, 2023.
Management sells 1M shares in secondary offering at $21.00/share; company gets no proceeds
Secondary offering of 1,000,000 shares by selling stockholders (management) at $21.00 per share.
Karat Packaging appoints CFO Jian Guo to board of directors, filling vacancy
Jian Guo, already CFO of Karat Packaging, appointed to Board of Directors effective September 1, 2023.
Karat Packaging COO Joanne Wang to retire Dec 1; Daniel Quire appointed Chief Revenue Officer
Joanne Wang to retire as COO effective Dec 1, 2023; also resigned from board Aug 30, 2023.
Karat Packaging declares $0.40 special dividend and initiates $0.10 quarterly dividend policy
Board declared a special cash dividend of $0.40 per share on common stock.
Net sales $108.7M (-5.3% YoY); net income $10.7M (+48.3% YoY); diluted EPS $0.53 vs $0.32.
Karat Packaging increases standby LC sublimit to $5M under existing Hanmi Bank line
Amendment dated June 20, 2023 raises standby letter of credit sublimit to $5M.
Karat Packaging shareholders re-elect all five director nominees at annual meeting
Each of five director nominees (Alan Yu, Joanne Wang, Paul Y. Chen, Eric Chen, Eve Yen) elected with >17.5M votes for, <0.8M against.
Karat Packaging Q1 net income up 15.6%, gross margin record 39.8%, special dividend $0.35
Net sales $95.8M (-9.1% YoY); net income $9.2M (+15.6%); diluted EPS $0.45 vs $0.34.
Karat Packaging declares special dividend of $0.35 per share
Special cash dividend of $0.35 per share on common stock declared.
Karat Packaging dismisses BDO as auditor, appoints PwC effective March 16, 2023
Audit Committee dismissed BDO and appointed PwC as independent auditor for FY2023 effective March 16, 2023.
Karat Q4 net income $4.5M, down from $6.0M; full-year net sales $423M (+16.1%)
Q4 net sales $92.7M (+1.5% YoY); gross margin 32.0% (+100 bps) despite $1.7M inventory write-off.
Karat Packaging Q3 net sales $110M; net income up 51% to $6.2M; record operating cash flow
Net sales $110.0M (+7.1% YoY); net income $6.2M (+51.1%); diluted EPS $0.31 vs $0.19.
Karat Packaging declares special dividend of $0.35 per share payable Nov 30, 2022
Board declared special dividend of $0.35 per share on common stock.
Karat Packaging Q2 revenue $114.9M, record high; adjusted EPS $0.34
Record Q2 net sales $114.9M, +21.5% YoY; gross margin 29.6% vs 29.7% YoY.
Directors Alan Yu, Joanne Wang, Eric Chen, Paul Y. Chen, and Eve Yen each elected with >10.8M votes for (no broker votes).
Karat Packaging subsidiary enters $28.7M term loan at 4.375% with East West Bank
Global Wells, a consolidated VIE of Karat, borrowed $28.7M (initial $20.7M, up to $8M additional) at 4.375% fixed.
Karat Packaging Q1 2022 revenue $105.4M (+39% YoY); net income doubles to $7.9M
Record quarterly net sales $105.4M, up 39.3% YoY; gross margin 32.5% (+390 bps).
Karat Packaging sets 2022 annual meeting for June 23, 2022
Annual meeting scheduled for June 23, 2022.
On October 5, 2023, Karat Packaging Inc. (the "Company") entered into an employment agreement with Daniel Quire to serve as Chief Revenue Officer of the Company
appointed Jian Guo, the Company’s Chief Financial Officer, as a director of the Company to fill the vacancy resulting from Joanne Wang’s departure from the Board, effective September 1, 2023.
On August 30, 2023, Joanne Wang notified Karat Packaging Inc. (the “Company”) of her retirement as Chief Operating Officer of the Company, effective December 1, 2023.
Also, effective August 30, 2023, Ms. Wang relinquished her seat on the Company’s board of directors.
the Board of Directors of the Company (the “Board”) appointed Jian Guo to serve as the Company’s Chief Financial Officer (principal financial and accounting officer), effective February 1, 2022.
Peter Lee's term as Interim Chief Financial Officer of the Company ended on February 1, 2022.
appointed Joanne Wang, the Company’s Chief Operating Officer, a director of the Company effective December 10, 2021.
resignation of Marvin Cheng as a director, effective December 10, 2021.
On October 1, 2021, the Board of Directors of the Company (the “Board”) appointed Peter Lee to serve as the Company’s Interim Chief Financial Officer (principal financial and accounting officer), effective October 8, 2021.
On September 27, 2021, Ann Sabahat notified Karat Packaging Inc. (the “Company”) of her resignation as Chief Financial Officer, effective October 8, 2021.
Max materiality 0.80 · Median 0.55 · Most common event earnings