05:34 PM EDT, 03/14/2024 (MT Newswires) -- Karat Packaging ( KRT ) reported Q4 adjusted earnings late Thursday of $0.24 per diluted share, down from $0.30 a year earlier.

Two analysts polled by Capital IQ expected $0.45.

Net sales for the quarter ended Dec. 31 were $95.6 million, up from $92.7 million a year earlier. Four analysts surveyed by Capital IQ expected $95.5 million.

The company said it expects Q1 net sales to increase low to mid-single digit from a year earlier. Two analysts in a Capital IQ poll expect $101.7 million.

It expects net sales for the full year 2024 to increase between 8% and 15%. Four analysts in a Capital IQ survey are looking for $429.8 million.

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