Karat Packaging Inc. updated its the 2026 second quarter and full-year 2026 guidance (initiated).
“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.”
Earnings Releases
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.
“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”
Auditor Changes
Karat Packaging Inc. dismissed PricewaterhouseCoopers LLP as its auditor.
“Also, effective March 13, 2026, the Committee approved the dismissal of PricewaterhouseCoopers LLP (“PwC”) as the Company’s Independent Accountant. PwC's report on the Company’s financial statements as of and for the years ended December 31, 2025 and December 31, 2024 did not contain any adverse opinion or disclaimer of opinion, nor was either report qualified or modified as to uncertainty, audit scope, or accounting principles.”
Auditor Changes
Karat Packaging Inc. engaged BDO USA, P.C. as its auditor.
“approved the engagement of BDO USA, P.C. ("BDO") as the Company’s independent registered public accounting firm”
Earnings Releases
Karat Packaging Inc. reported 2024 first quarter ended March 31, 2024 results: revenue $95.6 million, net income $6.5 million, EPS $0.31 per diluted share. Guidance initiated.
“foodservice products and related items, today announced financial results for its 2024 first quarter ended March 31, 2024. First Quarter 2024 Highlights • Net sales of $95.6 million, versus $95.8 million in the prior-year quarter. • Gross profit of $37.6 million, versus $38.1 million in the prior-year quarter. • Gross margin of 39.3 percent versus 39.8”
Earnings Releases
Karat Packaging Inc. updated its the fourth quarter and full year ended December 31, 2023 guidance (raised).
“On March 14, 2024, Karat Packaging Inc. (the "Company”) issued a press release reporting its financial results for the fourth quarter and year ended December 31, 2023.”
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