Ranpak Q1 revenue up 5.0% to $85.3M, net loss narrows to $8.1M

Ranpak Holdings Corp.

2024-Q1 EPS reported -$0.10 revenue$85,300,000

Net revenue $85.3M, up 5.0% YoY; constant currency revenue $88.5M, up 4.4%.
Net loss improved to $8.1M from $12.4M in prior year period.
Constant Currency Adjusted EBITDA $20.2M, up 33.8% YoY.
Gross margin expanded 400 bps to 37.9% (38.0% constant currency basis).
Packaging system placements up 0.9% to approximately 140,800 machines.

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 0.85

Ranpak Holdings Corp. reported first quarter ended March 31, 2024 results: revenue $85.3 million, net income $8.1 million net loss.

Period: first quarter ended March 31, 2024
Revenue: $85.3 million
Net income: $8.1 million net loss
Result: reported results

Exact text from the filing

• Packaging System placement up 0.9% year over year to approximately 140,800 machines at March 31, 2024 • Net revenue for the first quarter increased 5.0% year over year to $85.3 million and increased 4.4% year over year on a constant currency basis to $88.5 million • Net loss for the first quarter of $8.1 million compared to net loss of $12.4 million for the

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Source: SEC EDGAR

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