Ranpak Holdings Corp. Reports Third Quarter 2019 Financial Results

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Go back to Ranpak Holdings Corp. Reports Third Quarter 2019 Financial Results

Ranpak Holdings Corp. (PACK) Tops Q3 EPS by 4c, Revenues Beat

November 7, 2019 6:48 AM EST

Ranpak Holdings Corp. (NYSE: PACK) reported Q3 EPS of ($0.03), $0.04 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $69.1 million versus the consensus estimate of $64.07 million.

Packaging System placement up 7.5% year over year to more than 102,000 machinesNet sales up 6.1% year over year and 8.8% year over year on a constant currency basis and adjusted for fair value accountingGross profit margin up 70 bps year over year to 42.7% and Adjusted gross profit margin up more than 200 bps year over year to 44.2%Net loss of $(1.6) million compared to net income of... More