Ranpak Holdings Corp. (PACK) SEC Filings & Earnings Calls

Paper cost inflation and margin pressure

“The market for our solutions is competitive and it may be difficult to pass on increases in paper prices to our customers immediately, or at all, which has in the past, and could in the future, adversely affect our operating results.” · word for word

Tariff exposure on capital equipment

“Our U.S. operations are subject to the impact of tariffs, largely related to our capital expenditures for our PPS converters, some of which are sourced from China or contain parts and components from China and other Asian countries.” · word for word

Foreign currency volatility

“Foreign currency loss for the six months ended June 30, 2026 was $1.5 million, a change of $6.7 million, from foreign currency gain of $5.2 million in the six months ended June 30, 2025 due to the volatility in Euro exchange rates compared to USD.” · word for word

Installed base decline

“Total PPS Systems (in thousands) 141.7 vs 145.0, change (3.3) or (2.3)%”

Net loss widened to $7.9M from $7.5M, driven by non-cash warrant provisions and other costs.

“Net loss for the second quarter of $7.9 million compared to net loss of $7.5 million for the prior year period.” · word for word

PPS system placements declined 2.3%, indicating potential slowdown in core protective packaging adoption.

“PPS system placement down 2.3% year over year to approximately 141.7 thousand machines.” · word for word

Exposure to global conflicts creating volatility and uncertainty in near-term demand.

“Evolving global conflicts continue to create volatility and uncertainty in the near term.” · word for word

Paper Cost Inflation and Margin Pressure

“The cost of paper supplies is our largest input cost ... it may be difficult to pass on increases in paper prices to our customers immediately, or at all” · word for word

Tariff Impact on Capital Equipment

“our U.S. operations are subject to the impact of tariffs, largely related to our capital expenditures for our PPS converters, some of which are sourced from China” · word for word

Foreign Currency Volatility

“Foreign currency loss for the first quarter of 2026 was $1.3 million, a change of $3.9 million, from foreign currency gain of $2.6 million for the first quarter of 2025” · word for word

Warrant provision reduces reported revenue and EBITDA; non-cash impact may obscure underlying performance.

“non-cash reduction of $1.7 million for warrants in revenue and EBITDA”

Global conflicts create near-term uncertainty, though company believes structurally well positioned.

“While global conflicts create additional uncertainty in the near term” · word for word

Dilution from Walmart Warrant

“If the Warrant vests in full and Walmart exercises the Warrant to purchase all of the Warrant Shares initially subject to the Warrant, Walmart would become a holder of approximately 26.7% of the voting power and shares of our Class A Common Stock issued and outstanding at the time of the execution of the Transaction Agreement and the Warrant.” · word for word

Concentration of Ownership and Influence

“Walmart could be able to exert influence over matters requiring approval by our stockholders, including the election of directors and mergers, acquisitions or other extraordinary transactions.” · word for word

Market Price Impact from Warrant Shares

“sales in the public market of Excess Warrant Shares that could be issued under the Warrant, or the perception that such sales could occur, could adversely affect the prevailing market price of the Class A Common Stock” · word for word

Underperformance vs Target

“For 2025, our Constant Currency AEBITDA was $80.3 million, resulting in a percentage payout of 15% for each of our executive officers who participated in the program.” · word for word

Negative Compensation Actually Paid to CEO

“Compensation Actually Paid to PEO: 2025 $(1,402,543)”

Paper cost inflation and margin pressure

“we expect some continued pressure on our gross margin in the medium term relative to our historical margin profile.” · word for word

Goodwill impairment risk in North America

“the test for one of our goodwill reporting units that encompasses our business in North America indicated that fair value of the reporting unit was close to approximating carrying value.” · word for word

Tariff exposure on capital equipment

“our U.S. operations are subject to the impact of tariffs, largely related to our capital expenditures of our PPS converters, some of which are sourced from China or contain parts and components from China and other Asian countries.” · word for word

Mix shift to lower-margin e-commerce and warrant expense pressured margins.

“The increased mix related to large e-commerce players and contribution from warrant expense resulted in a 10.3% decline in AEBITDA” · word for word

Paper cost inflation and margin pressure

“Paper is a key component of our cost of goods sold and paper costs can fluctuate significantly between periods. ... we expect some continued pressure on our gross margin in the medium term relative to our historical margin profile.” · word for word

Inflationary impact on end-user demand

“We have continued to experience inflationary pressures in 2025, which have adversely impacted some of our end-users... and which in turn have impacted our net revenue.” · word for word

Currency translation risk

“As a result of the geographic diversity of our operations, we are exposed to the effects of currency translation, which has affected the comparability of our results of operations” · word for word

Tariff exposure on capital equipment

“Our U.S. operations are subject to the impact of tariffs, largely related to our capital expenditures of our PPS converters, some of which are sourced from China or contain parts and components from China and other Asian countries.” · word for word

Macroeconomic uncertainty in Europe/Asia impacting Protective Packaging volumes.

“Europe/Asia volumes declined 2.5% in a challenging environment.” · word for word

Net loss widened to $10.4M from $8.1M, partly due to non-cash warrant adjustment.

“Net loss for the third quarter of $10.4 million compared to net loss of $8.1 million for the prior year period.” · word for word