earnings
confidence high
sentiment negative
materiality 0.80
Ranpak Q2 net loss $11.3M; revises FY2022 guidance down; authorizes $50M buyback
Ranpak Holdings Corp.
2022-Q2 EPS reported
-$0.31
revenue$169,300,000
- Q2 net revenue $86.8M, down 3.6% YoY; constant currency rev $91.0M (+4.0%).
- Q2 net loss $11.3M vs $5.2M loss; constant currency AEBITDA $18.2M, down 28.9% YoY.
- Revised FY2022 guidance: constant currency net revenue decline 1%-5% ($360-$375M), AEBITDA decline 28%-36% ($75-$85M).
- Board authorized $50M share repurchase program over 36 months.
- Packaging system placements up 10.4% to ~136,500 machines YoY.