Ranpak Q2 revenue down 5.6% to $81.9M; net loss narrows to $2.1M from $11.3M

Ranpak Holdings Corp.

2023-Q2 EPS reported -$0.18 revenue$163,100,000

Net revenue $81.9M, down 5.6% YoY; constant currency net revenue $84.6M, down 7.0%.
Net loss $2.1M vs $11.3M in prior year; gross margin expanded ~400 bps to 36.9%.
Adjusted EBITDA $19.0M, up 4.4% YoY on constant currency basis.
Packaging system placements up 3.1% to ~140,700 machines; cushioning revenue fell 4.2%.
Cash $53.9M with no revolver borrowings; net leverage ratio 5.7x.

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 second quarter ended June 30, 2023 results: revenue $81.9 million, net income Net loss of $2.1 million.

Period: second quarter ended June 30, 2023
Revenue: $81.9 million
Net income: Net loss of $2.1 million
Result: reported results

Exact text from the filing

• Packaging System placement up 3.1% year over year to approximately 140,700 machines at June 30, 2023 • Net revenue for the second quarter decreased 5.6% year over year to $81.9 million and decreased 7.0% year over year on a constant currency basis to $84.6 million • Net loss for the second quarter of $2.1 million compared to net loss of $11.3 million in the

View on SEC.gov

Browse all earnings releases →

Ranpak Holdings Corp. filing history →

Source: SEC EDGAR

accession 0000950170-23-037587

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.