Ranpak Q3 2024 Earnings Report
Key Takeaways
Ranpak Holdings Corp. reported an 11.4% increase in net revenue to $92.2 million for the third quarter of 2024, driven by a 14.7% volume increase from e-commerce. Constant Currency Adjusted EBITDA increased by 13.9% to $20.5 million. The company's net loss was $8.1 million, compared to a net loss of $3.3 million in the prior year period.
Packaging systems placement increased 1.1% year over year, to approximately 143.6 thousand machines.
Net revenue increased 11.4% and increased 10.5% adjusting for constant currency.
Net loss of $8.1 million compared to net loss of $3.3 million for the prior year period.
Constant currency AEBITDA of $20.5 million is up 13.9%.
Ranpak
Ranpak
Ranpak Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income