Ranpak reports Q4 net revenue up 13.9% YoY to $90.4M; constant currency AEBITDA up 89.1% to $24.4M

Ranpak Holdings Corp.

Net revenue $90.4M (+13.9% YoY); constant currency net revenue $93.9M (+10.3%).
Net loss widened to $9.3M from $7.3M in Q4 2022.
Constant currency Adjusted EBITDA $24.4M, up 89.1% YoY.
Packaging system placements up 1.5% to ~141,200 machines as of Dec 31, 2023.
Volume increased 10% YoY; cushioning +8.5%, void-fill +15.7%.

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 0.9

Ranpak Holdings Corp. reported financial results for the year ended December 31, 2023.

Period: the year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 11, 2024, Ranpak Holdings Corp. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ranpak Holdings Corp. reported the fourth quarter ended December 31, 2023 results: revenue $90.4 million, net income $9.3 million.

Period: the fourth quarter ended December 31, 2023
Revenue: $90.4 million
Net income: $9.3 million
Result: reported results

Exact text from the filing

Net revenue for the fourth quarter was $90.4 million compared to net revenue of $79.4 million in 2022, an increase of $11.0 million or 13.9%.

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Source: SEC EDGAR

accession 0000950170-24-029220

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