Karat Packaging Reports Third Quarter 2026 Financial Results

Karat Packaging reported net sales of $134.7 million for the third quarter of 2026, an 8.2% increase from the prior-year quarter. Gross profit was $45.1 million, up 5.2% from $42.9 million in the same period last year. Net income attributable to the company was $4.4 million, or $0.22 per diluted share, compared to $7.3 million, or $0.36 per diluted share, in the third quarter of 2025. Adjusted EBITDA for the quarter was $8.9 million, compared to $13.1 million in the prior-year quarter. The company also provided guidance, expecting net sales for the 2026 fourth quarter to increase by 9 to 11 percent compared to the prior-year quarter.