Earnings ·
Karat Packaging reports Q3 net sales of $134.7M and initiates $0.47 quarterly dividend
KRTKarat Packaging Inc.
Karat Packaging Inc. reported third-quarter 2026 net sales of $134.7 million, an 8.2 percent increase from the prior-year quarter, driven by volume growth and product mix. Net income declined to $4.7 million from $7.6 million as higher resin prices, import costs, and shipping expenses compressed gross margin to 33.5 percent from 34.5 percent. Adjusted EBITDA fell to $8.9 million from $13.1 million. The company also announced a regular quarterly dividend of $0.47 per share, payable on or about November 27, 2026, to stockholders of record as of November 19, 2026. Karat Packaging is a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products.