Ranpak Holdings Corp. (PACK) Misses Q1 EPS by 17c

Ranpak Holdings Corp. (NYSE: PACK) reported Q1 EPS of ($0.17), $0.17 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $82.5 million versus the consensus estimate of $98.83 million.

Guidance:

For full year 2022, on a constant currency basis, we continue to forecast net revenue growth in the area of 13% to 18% and are lowering our Adjusted EBITDA growth estimates to -2.5% to 6%, which results in a range of $425 – $445 million in constant currency net revenue and $115 – $125 million for Adjusted EBITDA at an assumed EUR/USD exchange of 1.15:1. Our team is determined to make the most of the year, and as owners of the company as well, focused on building Ranpak into something truly great over the next number of years.”

For earnings history and earnings-related data on Ranpak Holdings Corp. (PACK) click here.

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