secwatch.observer — SEC 8-K summary
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Issuer:     Ranpak Holdings Corp. (PACK)
CIK:        0001712463
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000950170-22-013272
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ranpak Q2 net loss $11.3M; revises FY2022 guidance down; authorizes $50M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712463/000095017022013272/0000950170-22-013272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712463/000095017022013272/pack-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013272

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