Ranpak Holdings Corp. (PACK) Reports Q4 Revenues Beat
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Ranpak Holdings Corp. Reports Fourth Quarter and Full Year 2020 Financial Results
March 4, 2021 7:30 AM ESTBusiness continuity not impacted by ongoing COVID-19 pandemic; all facilities operational Packaging System placement up 12.2% year over year to approximately 117,400 machines at December 31, 2020 Fourth quarter net revenue increased 18.3% year over year and 13.9% year over year on a constant currency basis Fourth quarter net loss of $5.2 million compared to net loss of $3.3 million and Adjusted EBITDA (AEBITDA) of $33.0 million (which represents approximately a 36.6% margin) is up 14.6%, or $4.2 million, year over year Net loss for the full year of $23.4 million compared to net loss of $36.2 million and AEBITDA of $93.7 million (which... More
