Ranpak Holdings Corp. Reports Third Quarter 2020 Financial Results
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Ranpak Holdings Corp. (PACK) Misses Q3 EPS by 7c, Revenues Beat
November 6, 2020 9:06 AM ESTRanpak Holdings Corp. (NYSE: PACK) reported Q3 EPS of ($0.08), $0.07 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $76.8 million versus the consensus estimate of $70.27 million.
Business continuity not impacted by ongoing COVID-19 pandemic; all facilities operationalPackaging System placement up 10.6% year over year to approximately 113,100 machinesNet revenue increased 11.1% year over year and 8.1% year over year on a constant currency basisNet loss of $6.1 million compared to net loss of $1.6 million and Adjusted EBITDA of $23.7 million... More