Ranpak Holdings Corp. Class A ( (PACK) ) has released its Q4 earnings. Here is a breakdown of the information Ranpak Holdings Corp. Class A presented to its investors.
Ranpak Holdings Corp. is a leading provider of environmentally sustainable packaging solutions, specializing in product protection and end-of-line automation for e-commerce and industrial supply chains. The company operates primarily in the packaging industry, with a focus on innovative and eco-friendly solutions.
In its latest earnings report, Ranpak Holdings Corp. announced a strong performance for the fourth quarter of 2024, with net revenue increasing by 16% year over year to $105 million. The company also reported a reduced net loss of $8 million compared to the previous year’s $9.3 million, alongside an 8% increase in Adjusted EBITDA.
Key highlights from the report include a 12% increase in sales volume, driven by robust North American e-commerce activity and a strategic shift from plastic to paper among key accounts. The company also reported a 10% growth in net revenue for the full year 2024, with Adjusted EBITDA growing by 14% on a constant currency basis. Additionally, Ranpak announced a significant warrant transaction with Amazon, which is expected to foster continued growth.
Looking ahead, Ranpak Holdings Corp. is optimistic about 2025, forecasting net revenue growth between 5% and 11% and Adjusted EBITDA growth of 5% to 16%. The company aims to leverage its strategic accounts in North America and expects to see improvements in the operating environment, despite challenges in Europe and Asia. Ranpak’s focus for the coming year will be on scaling automation and enhancing cash generation to reduce leverage.
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