Karat Packaging Inc. (KRT) Form 8-K — Aug 6, 2026
Karat Packaging reported record second quarter 2026 net sales of $136.3 million, up 9.9% year over year, with net income surging 168.3% to $29.6 million, or $1.46 per diluted share versus $0.54 a year ago. Adjusted EBITDA jumped to $41.6 million from $17.7 million. The results were significantly boosted by $25.8 million of IEEPA tariff refunds that cut cost of goods sold, lifting gross margin 1,890 basis points to 56.6% and contributing $20.2 million to net income and $1.00 per diluted share. Underlying momentum was solid, with online sales up 23.6% and four new chain accounts added during the quarter.
Key figures
- Eps
- 1.46
- Revenue
- 136302000
- Guidance
- Q3 2026 net sales expected to increase by low double-digits; Q3 gross margin 35-37%; Q3 adjusted EBITDA margin 9-11%; full-year 2026 net sales up low double-digits; FY gross margin in low 40 percents; FY adjusted EBITDA margin approximately mid-teens
- Net Income
- 29649000
- Revenue Yoy
- 9.9%
- Total Assets
- 316813000
- Cash Position
- 38399000
- H1 Revenue
- 253249000
- H1 Net Income
- 36790000
- Buyback Total
- $2.0 million
- H1 Diluted EPS
- 1.8
- Gross Margin Q2
- 56.6%
- Gross Profit Q2
- 77160000
- H1 Free Cash Flow
- 38071000
- Buyback Avg Price
- 27.11
- Buyback Shares Q2
- 73510
- H1 Revenue Growth
- 11.3%
- Adjusted EBITDAQ2
- 41613000
- Buyback Remaining
- $10.0 million
- Dividend Per Share
- 0.47
- Online Sales Growth
- 23.6%
- Dividend Record Date
- August 21, 2026
- Stockholders Equity
- 174275000
- Short Term Investments
- 15744000
- Ieepa Tariff Refund COGS
- $25.8 million
- Adjusted EBITDAMargin Q2
- 30.5%
- Weighted Avg Diluted Shares Q2
- 20107051
- Ieepa Tariff Refund Net Income Contribution
- $20.2 million ($1.00 per diluted share)
Price after filing
Close on the filing date to close N calendar days later (from $41.09). Historical, not a forecast.
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