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Ranpak Holdings Corp. reports developments in paper-based product protection and end-of-line automation systems for e-commerce and industrial supply chains. The company sells protective packaging systems, paper consumables and automation solutions through direct customer relationships and distributor channels, with operating activity reported across North America and Europe/Asia.
Recurring news includes quarterly financial results, Protective Packaging Solutions system placement and volume trends, automation revenue, regional demand commentary, customer deployments and product launches such as FillPak® Mini. Company updates also cover partnerships involving packaging automation, the shift from plastic to paper packaging, and conference calls tied to financial reporting.
Ranpak Holdings Corp. (NYSE: PACK) will release its first quarter results on May 6, 2022, at 7:30 a.m. (ET). A conference call and webcast will follow at 8:30 a.m. (ET). The webcast will be accessible via this link. An audio replay will be available from 11:30 a.m. (ET) on May 6 until 11:59 p.m. (ET) on May 13. Founded in 1972, Ranpak focuses on sustainable packaging solutions for various business needs, enhancing supply chain performance while reducing environmental impact.
Ranpak Holdings Corp (PACK) reported strong financial results for Q4 2021, with net revenue rising 18.7% year over year to $109.1 million. Adjusted EBITDA was up 8.2% to $35.7 million, reflecting a margin of 32.6%. The net loss decreased to $2.5 million from $5.2 million in the previous year. For the full year, net revenue soared 28.7% to $375.5 million, and net loss dropped significantly from $23.4 million to $2.8 million. The company forecasts net revenue growth of 13% – 18% for 2022, indicating a strong market outlook.
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Ranpak Holdings Corp. (NYSE: PACK) will release its fourth quarter and full year 2021 results on February 25, 2022, at approximately 7:30 a.m. (ET). A conference call and webcast will follow at 8:30 a.m. (ET). Investors can access the live webcast at this link or join via telephone at 844-200-6205 (US) or 929-526-1599. A replay will be available from 11:30 a.m. (ET) on February 25 until 11:59 p.m. (ET) on March 4.
Plenty Unlimited Inc. has successfully raised $400 million in a Series E financing round, marking the largest investment for an indoor farming company. The round was led by new investors One Madison Group and JS Capital, with contributions from Walmart and SoftBank Vision Fund. The funds will facilitate the company’s strategy to sell complete farms directly to partners. Furthermore, Plenty has partnered with Walmart to provide pesticide-free produce, starting with leafy greens sourced from its Compton farm in 2022.
Ranpak Holdings Corp (NYSE: PACK) has acquired Recycold Cool Solutions BV, a manufacturer of sustainable cool packs. This acquisition enhances Ranpak's Cold Chain packaging solutions with environmentally friendly options, expanding market offerings across 14 European countries. Ranpak plans to integrate Recycold's operations into its new facility in the Netherlands by the end of 2022, aiming for international growth. The acquisition reflects Ranpak's commitment to sustainable product development and improves its competitive stance in the thermal protection market.
Ranpak Holdings reported a 26.4% increase in third-quarter net revenue, reaching $97.1 million, driven by strong growth in North America and Europe/APAC. The net loss decreased to $1.4 million from $6.1 million year over year. Adjusted EBITDA rose 20.3% to $28.5 million, with a 29.8% margin. Packaging systems placed increased by 14.2% to approximately 129,200 machines. The year-to-date revenue surged 28.5%, and the company maintains a strong liquidity position with $110.4 million in cash.
Ranpak Holdings Corp (NYSE: PACK) is establishing an 80,000 square foot innovation and automation center in Shelton, Connecticut, projected to employ 100 workers by 2024. Initially, 35 jobs will be created. The facility will include a showroom for automation products, a research center for AI applications, and 50,000 square feet for manufacturing. Construction is set to finish in Q4 2022. The company has been recognized as one of the most innovative logistics firms in 2021 for its eco-friendly packaging solutions. This move underscores Ranpak's commitment to advancing sustainable packaging technology.
Ranpak Holdings Corp. (NYSE: PACK) will release its third quarter 2021 results on Thursday, October 28, 2021, at approximately 7:30 a.m. ET. A conference call and webcast will follow at 8:30 a.m. ET. Investors can access the call via this link or by dialing 844-200-6205. A replay will be available from 11:30 a.m. ET on the same day until November 4, 2021. Founded in 1972, Ranpak focuses on environmentally friendly packaging solutions for e-commerce and industrial supply chains.
Ranpak Holdings Corp. (NYSE: PACK) has made a strategic investment in Creapaper GmbH, innovator of grasspaper products. This investment aims to enhance sustainable, paper-based packaging solutions amidst growing global demand. Creapaper's patented process for producing grasspaper significantly lowers CO2 emissions and water usage. Their products are rapidly gaining traction across Europe, including in Germany and Italy. Ranpak's CEO emphasizes commitment to sustainability, aiming to replace plastic packaging, while Creapaper's founder expresses confidence in their environmental impact.