Ranpak Q4 revenue down 27.2% YoY to $79.4M, loss widens; guides 6-12% constant currency growth in 2023

Ranpak Holdings Corp.

Q4 net revenue $79.4M, down 27.2% YoY; constant currency net revenue $85.1M, down 22.2%.
Q4 net loss $7.3M vs $2.5M loss prior year; constant currency AEBITDA $12.9M, down 63.9%.
Full year 2022 net revenue $344.1M (constant currency) down 8.8%; net loss $41.4M vs $2.8M loss.
2023 guidance: constant currency net revenue growth 6-12% ($365-385M), AEBITDA growth 14-28% ($76-86M).
Installed packaging systems up 4.4% YoY to ~139,100 machines as of Dec 31, 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Ranpak Holdings Corp. reported financial results for fourth quarter and year ended December 31, 2022.

Period: fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 15, 2023, Ranpak Holdings Corp. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000950170-23-007978

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