Ranpak Q1 net loss narrows to $12.4M; constant currency revenue up 1.1% but AEBITDA down 20.9%

Ranpak Holdings Corp.

2023-Q1 EPS reported -$0.15 revenue$81,200,000

Net revenue $81.2M, down 1.6% YoY; constant currency net revenue $84.8M, up 1.1%.
Net loss $12.4M vs $14.1M prior year; constant currency AEBITDA $15.1M, down 20.9%.
Packaging system placements up 3.8% to ~139,600 machines.
Cash $58.6M, no revolver borrowings; net leverage 5.7x.
Cautious outlook: slowing industrial activity and banking stress; pulling back on planned spend.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ranpak Holdings Corp. reported first quarter ended March 31, 2023 results: revenue $81.2 million, net income $12.4 million.

Period: first quarter ended March 31, 2023
Revenue: $81.2 million
Net income: $12.4 million
Result: reported results

Exact text from the filing

First quarter net revenue decreased 1.6% year over year to $81.2 million and increased 1.1% year over year on a constant currency basis to $84.8 million • First quarter net loss of $12.4 million compared to net loss of $14.1 million

View on SEC.gov

Browse all earnings releases →

Ranpak Holdings Corp. filing history →

Source: SEC EDGAR

accession 0000950170-23-017471

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.