Ranpak Holdings Corp. (PACK) Misses Q2 EPS by 3c

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Go back to Ranpak Holdings Corp. (PACK) Misses Q2 EPS by 3c

Ranpak Holdings Corp. Reports Second Quarter 2022 Financial Results

July 28, 2022 7:30 AM EDT

Packaging System placement up 10.4% year over year to approximately 136,500 machines at June 30, 2022 Second quarter net revenue decreased 3.6% year over year to $86.8 million and increased 4.0% year over year on a constant currency basis to $91.0 million Second quarter net loss of $11.3 million compared to net loss of $5.2 million Second quarter constant currency Adjusted EBITDA (AEBITDA) of $18.2 million down 28.9%, or $7.4 million, year over year Board of Directors authorizes common equity share repurchase plan of up to $50.0 million over three years

CONCORD TOWNSHIP, Ohio--(BUSINESS WIRE)-- Ranpak Holdings Corp (NYSE:... More