Ranpak Q3 revenue up 26.4% to $97.1M; net loss narrows to $1.4M

Ranpak Holdings Corp.

2021-Q3 EPS reported $0.00 revenue$274,800,000

Net revenue $97.1M, up 26.4% YoY; constant currency net revenue $95.6M, up 25.6%.
Net loss improved to $1.4M from $6.1M YoY; constant-currency Adj. EBITDA $28.5M, +20.3%.
Packaging system placements rose 14.2% to ~129,200 machines as of Sept 30, 2021.
Cash $110.4M, no revolver borrowings; leverage ratio 2.3x; entered cross-currency swap.
North America revenue $37.3M (+12.0%); Europe/APAC revenue $59.8M (+37.5%).

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