Ranpak Q1 2023 Earnings Report

Ranpak EPS Results

• Actual EPS: -$0.15
• Consensus EPS: -$0.05
• Beat/Miss: Missed by -$0.10
• One Year Ago EPS: -$0.17

Ranpak Revenue Results

• Actual Revenue: $81.20 million
• Expected Revenue: $83.54 million
• Beat/Miss: Missed by -$2.34 million
• YoY Revenue Growth: -1.60%

Ranpak Announcement Details

• Quarter: Q1 2023
• Date: 5/4/2023
• Time: Before Market Opens

Ranpak (NYSE:PACK), together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods. It also offers end-of-line packaging automation products, which help end users automate the void filling and box closure processes after product packing is complete. The company sells its products to end users primarily through a distributor network, and directly to select end-users. Ranpak Holdings Corp. was founded in 1972 and is headquartered in Concord Township, Ohio.