Quarterly ResultAug 6, 2026, 04:13 PM
Karat Packaging Q2 Net Sales $136.3M, Net Income Up 168.3%
AI Summary
Karat Packaging Inc. announced record second quarter 2026 financial results, with net sales growing 9.9% to $136.3 million. Net income surged 168.3% to $29.6 million, significantly boosted by $20.2 million from IEEPA tariff refunds. The company also provided positive guidance for Q3 and full-year 2026, expecting low double-digit net sales growth. Additionally, Karat Packaging increased its quarterly dividend to $0.47 per share and repurchased $2.0 million of its common stock.
Key Highlights
- Q2 2026 net sales reached a record $136.3 million, up 9.9% year-over-year.
- Q2 2026 net income increased 168.3% to $29.6 million, including $20.2 million from IEEPA tariff refunds.
- Q2 2026 diluted EPS was $1.46, compared to $0.54 in the prior-year quarter.
- Q2 2026 Adjusted EBITDA was $41.6 million, up from $17.7 million year-over-year.
- Board approved an increase in quarterly dividend to $0.47 per share.
- Company repurchased 73,510 shares for $2.0 million in Q2 2026.
- Q3 2026 net sales expected to increase by low double-digits.
- New 47,000 sq ft distribution center in Orlando expected to be operational by Q3 2026.
Price Impact
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