secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ranpak Holdings Corp. (PACK)
CIK:        0001712463
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0000950170-22-007989
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ranpak Q1 net loss $14.1M; revenue down 5.9%; lowers FY2022 EBITDA guidance
---------------------------------------------------------------------------

- Net revenue $82.5M, down 5.9% YoY; constant currency revenue $83.9M, down 1.3%.
- Net loss of $14.1M vs net income of $6.3M in Q1 2021; constant currency Adjusted EBITDA $19.1M, down 31.8%.
- Packaging system placements up 11.4% to ~134,500 machines as of March 31, 2022.
- FY2022 guidance: constant currency revenue growth 13%-18% ($425-$445M); Adjusted EBITDA lowered to $115-$125M (growth -2.5% to 6%).
- Headwinds from ERP transition, delayed pricing actions, input cost inflation, and Ukraine conflict impact on Europe.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712463/000095017022007989/0000950170-22-007989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712463/000095017022007989/pack-20220506.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-007989

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer