Ranpak Q3 2023: revenue $82.8M, adjusted EBITDA $18.0M, net loss narrows to $3.3M

Ranpak Holdings Corp.

2023-Q3 EPS reported -$0.22 revenue$245,900,000

Net revenue $82.8M (+6.4% YoY); net loss narrowed to $3.3M from $8.7M.
Packaging system placements up 2.5% YoY to ~142,000 machines as of Sep 30, 2023.
Gross margin expanded to 38.0% from 31.5% a year ago, a 650 bps improvement.
Adjusted EBITDA $18.0M, up 8.4% YoY; volumes increased ~5%, price/mix down 4.5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ranpak Holdings Corp. reported third quarter ended September 30, 2023 results: revenue $82.8 million, net income net loss of $3.3 million.

Period: third quarter ended September 30, 2023
Revenue: $82.8 million
Net income: net loss of $3.3 million
Result: reported results

Exact text from the filing

• Packaging System placement up 2.5% year over year to approximately 142,000 machines at September 30, 2023 • Net revenue for the third quarter increased 6.4% year over year to $82.8 million and increased 1.9% year over year on a constant currency basis to $85.7 million • Net loss for the third quarter of $3.3 million compared to net loss of $8.7 million in the prior

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Source: SEC EDGAR

accession 0000950170-23-056545

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