Ranpak Holdings Corp. Reports Financial Results
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UPDATE: Ranpak Holdings Corp. (PACK) Reports Q2 Loss of $0.19
August 13, 2019 7:05 AM EDT(Updated - August 13, 2019 7:06 AM EDT)
Ranpak Holdings Corp. (NYSE: PACK) reported Q2 EPS of ($0.19).
Second Quarter 2019 Highlights
Packaging systems placement increased 7.6% year over year, exceeding 100,000 machines as of June 30, 2019Net sales declined 13.2% on a combined basis1, and 6.5% adjusting for constant currency and fair-value purchase accounting adjustment related to deferred revenue for user fees. As indicated below, net sales year to date on a combined basis are $122.7 million with an increase in pro forma net sales of 2.6%, on a constant currency basis and adjusted for $2.6 million fair-value purchase accounting adjustment... More