secwatch.observer — SEC 8-K summary
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Issuer:     Ranpak Holdings Corp. (PACK)
CIK:        0001712463
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-037587
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712463/000095017023037587/0000950170-23-037587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712463/000095017023037587/pack-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037587

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