Earnings ·
Karat Packaging Inc. reported second quarter 2026 financial results featuring record net sales of $136.3 million, a…
KRTKarat Packaging Inc.
Karat Packaging Inc. reported second quarter 2026 financial results featuring record net sales of $136.3 million, a 9.9 percent increase from the prior-year period. Net income surged 168.3 percent to $29.6 million, or $1.46 per diluted share, significantly boosted by $25.8 million in IEEPA tariff refunds that reduced cost of goods sold and increased other income. The company also provided guidance for the third quarter of 2026, expecting net sales growth in the low double-digits and adjusted EBITDA margins between 9 to 11 percent. Additionally, the Board approved an increase in the regular quarterly dividend to $0.47 per share, payable on or about August 28, 2026, to stockholders of record as of August 21, 2026. Karat Packaging Inc. operates in the specialty distribution and manufacturing sector for environmentally friendly disposable foodservice products.