Ranpak Q2 net revenue up 36% YoY to $90M; net loss narrows to $5.2M

Ranpak Holdings Corp.

2021-Q2 EPS reported $0.01 revenue$177,700,000

Net revenue $90.0M (+36.2% YoY); constant currency net revenue $87.5M (+29.1%).
Net loss $5.2M vs $8.5M loss in Q2 2020; year-to-date net income $1.1M.
Adjusted EBITDA $25.6M (constant currency, +34.7%) representing 29.3% margin.
Packaging system placements up 12.9% to ~123,600 machines.
Cash $125.3M, no revolver borrowings; leverage 2.4x; completed $103.4M offering in May.

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