secwatch.observer — SEC 8-K summary
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Issuer:     Ranpak Holdings Corp. (PACK)
CIK:        0001712463
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000950170-23-017471
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712463/000095017023017471/0000950170-23-017471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712463/000095017023017471/pack-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017471

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