Welcome to our dedicated page for Ranpak Holdings news (Ticker: PACK), a resource for investors and traders seeking the latest updates and insights on Ranpak Holdings stock.
Ranpak Holdings Corp (NYSE: PACK) provides investors and industry stakeholders with critical updates through this centralized news resource. Track official announcements spanning financial results, sustainable packaging innovations, and strategic partnerships that shape the company's position in protective packaging solutions.
This page aggregates all essential updates including earnings reports, product launches, sustainability initiatives, and operational expansions. Users gain efficient access to developments impacting Ranpak's paper-based packaging systems, automation technologies, and global distribution networks.
Key content categories include quarterly financial disclosures, manufacturing facility updates, eco-friendly material advancements, and leadership announcements. The curated collection enables informed analysis of Ranpak's market performance and environmental impact within industrial packaging sectors.
Bookmark this page for streamlined monitoring of PACK's business trajectory. Combine regular checks with fundamental analysis to assess how Ranpak's sustainable packaging systems address evolving supply chain demands across e-commerce and industrial markets.
Ranpak Holdings Corp. (NYSE: PACK) has completed its previously announced refinancing of existing senior secured credit facilities. The company entered into a new First Lien Credit Agreement with UBS AG and other lending institutions, featuring:
- A $410 million U.S. dollar-denominated first lien term facility maturing in December 2031
- A $50 million revolving facility available in U.S. dollars and Euros maturing in December 2029
- Term Facility amortization rate of 1.00% per annum
- Interest rates for Term Facility: SOFR plus 4.50% or base rate plus 3.50%, with potential step-downs based on leverage ratio
- Interest rates for Revolving Facility: SOFR/eurocurrency rate plus 4.00% or base rate plus 3.00%, with potential step-downs
Ranpak Holdings Corp reported third quarter 2024 financial results showing mixed performance. Net revenue increased 11.4% year over year to $92.2 million, driven by a 14.7% volume increase in e-Commerce activity. The company's packaging system placement grew 1.1% to 143.6 thousand machines. While void-fill revenue rose 28.4% to $43.9 million, cushioning decreased 9% to $32.5 million. The company reported a net loss of $8.1 million compared to $3.3 million loss in the prior year. Constant Currency Adjusted EBITDA improved 13.9% to $20.5 million, with gross margins at 37.3%.
Ranpak Holdings Corp (NYSE: PACK) has scheduled its third quarter 2024 earnings release for Thursday, October 31, 2024, at approximately 7:30 a.m. ET. The company will host a conference call and webcast at 8:30 a.m. ET on the same day. Investors can access the webcast through the provided link or join via telephone. A replay will be available from 11:30 a.m. ET on October 31 until 11:59 p.m. ET on November 7, 2024.
Ranpak Holdings Corp. (NYSE: PACK), a leader in eco-friendly paper-based packaging, has won three awards at the 2024 Packaging Gateway Excellence Awards. The company was recognized in the Innovation, Product Launches, and Environmental categories, highlighting its commitment to advancing packaging technology and environmental stewardship.
Ranpak's winning products include:
- The Cut'it!™ EVO Multi-Lid system, which won in the Innovation category for reducing package void and offering customizable, branded lids.
- The naturemailer™ padded mailer system, awarded in the Product Launches category for its fully curbside recyclable design.
- The climaliner plus™ cold chain liner solution, which won in the Environmental category for sustainable packaging.
Ranpak is also a finalist for the 2024 Sustainable Packaging Awards for its FillPak Trident Mini™. These recognitions underscore Ranpak's efforts to develop sustainable packaging solutions that don't compromise on quality or protection.
Ranpak Holdings Corp. (NYSE: PACK) reported solid Q2 2024 financial results, with net revenue increasing 5.5% year-over-year to $86.4 million. The company saw an 8.8% volume increase driven by strategic account activity in North America and 3.2% growth in Europe and APAC. Net income improved to $5.5 million compared to a $2.1 million loss in the prior year period. Constant Currency Adjusted EBITDA rose 7.4% to $20.4 million. Packaging system placement grew 0.4% to approximately 141,200 machines. The company maintained a strong liquidity position with $65.1 million in cash and no borrowings on its $45 million credit facility. Ranpak's focus remains on driving volume growth, deleveraging to 3.0x or below, and generating cash.
Ranpak Holdings Corp. (NYSE: PACK) has announced its plans to release second quarter 2024 results on Thursday, August 1, 2024 at approximately 7:30 a.m. ET. The company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results. Investors can access the webcast live at a provided link or listen to the conference call via telephone by dialing (800) 715-9871 and using the Conference ID: 5813434. A telephonic replay will be available from 11:30 a.m. ET on August 1 until 11:59 p.m. ET on August 8, 2024, accessible by dialing (800) 770-2030 with the passcode: 5813434.
Ranpak Holdings Corp. reported its first quarter 2024 financial results, showing positive growth in revenue and Adjusted EBITDA. Net revenue increased 5.0% year over year to $85.3 million, with a net loss of $8.1 million. Constant currency AEBITDA for the quarter was $20.2 million, up 33.8% year over year. The company highlighted improvements in gross profit, sales volume, and automation. Ranpak remains focused on deleveraging and cash generation in 2024.
FAQ
What is the current stock price of Ranpak Holdings (PACK)?
What is the market cap of Ranpak Holdings (PACK)?
