Ranpak (NYSE:PACK) Announces Earnings Results, Misses Estimates By $0.01 EPS

Ranpak (NYSE:PACK) issued its earnings results on Thursday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01), FiscalAI reports. The firm had revenue of $105.20 million during the quarter, compared to the consensus estimate of $100.94 million. Ranpak had a negative net margin of 9.09% and a negative return on equity of 7.14%.

Here are the key takeaways from Ranpak’s conference call:

• Automation revenue surged 139% year over year on a constant-currency basis, supported by expansion with major customers such as Walmart and Medline and new integrator partnerships. Management said most 2026 revenue is contracted and reaffirmed its goal of approximately $60 million in automation revenue this year.
• Consolidated revenue rose 12.2% on a constant-currency basis, while adjusted EBITDA increased 13.9%; gross margin improved 150 basis points year over year. Management expects further margin gains in the second half from pricing, efficiency initiatives and Lean/Six Sigma programs.
• Automation is expected to reach EBITDA breakeven by year-end and become an EBITDA-positive contributor in 2027. The company also sees strong growth potential in sustainable cold-chain products, including Climaliner Plus, with relatively low ongoing capital requirements.
• PPS volumes increased 2.4%, with Europe outperforming and North American enterprise demand remaining strong, but the distribution channel continued to face difficult comparisons. Ranpak expects distribution activity to improve in the second half as comparisons normalize and new products gain traction.
• Management described the near-term environment as uncertain, citing volatile energy and paper costs, geopolitical risks and cautious customers. The company plans to prune lower-margin PPS and warrant-related business, which should improve profitability but may constrain some lower-quality revenue growth.

Ranpak Stock Down 0.8%

PACK traded down $0.04 during trading on Friday, hitting $5.13. The company had a trading volume of 1,007,076 shares, compared to its average volume of 471,994. The company has a market capitalization of $438.65 million, a PE ratio of -11.65 and a beta of 3.11. The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.76. Ranpak has a one year low of $3.22 and a one year high of $7.81. The firm’s 50-day moving average price is $6.82 and its 200 day moving average price is $5.53.

Analyst Upgrades and Downgrades

PACK has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Ranpak in a report on Friday, July 17th. Wall Street Zen raised Ranpak from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ranpak presently has an average rating of “Moderate Buy” and a consensus target price of $6.83.

Institutional Trading of Ranpak

Several hedge funds and other institutional investors have recently modified their holdings of PACK. Schusterman Interests LLC lifted its holdings in shares of Ranpak by 2,995.5% in the third quarter. Schusterman Interests LLC now owns 3,018,616 shares of the company’s stock valued at $16,965,000 after purchasing an additional 2,921,099 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Ranpak by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,652,198 shares of the company’s stock worth $14,905,000 after buying an additional 13,362 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Ranpak by 32.9% during the fourth quarter. Millennium Management LLC now owns 1,588,253 shares of the company’s stock worth $8,592,000 after buying an additional 393,344 shares in the last quarter. Geode Capital Management LLC raised its position in Ranpak by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,084,531 shares of the company’s stock valued at $3,872,000 after buying an additional 30,529 shares during the last quarter. Finally, State Street Corp lifted its stake in Ranpak by 0.8% in the 4th quarter. State Street Corp now owns 1,012,274 shares of the company’s stock valued at $5,476,000 after acquiring an additional 7,625 shares in the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.

About Ranpak

Ranpak Holdings Corp. (NYSE: PACK) is a leading provider of sustainable, paper-based packaging solutions designed to protect products during transit. The company’s core business centers on the design, manufacture and distribution of automated systems and consumable paper packaging materials that offer an eco-friendly alternative to plastic-based void-fill and protective packaging. Ranpak’s solutions include crumpled paper fillers, paper wrap systems and tailored automation equipment that serve diverse end markets such as e-commerce, industrial parts, electronics and retail.

Founded in 1972 and headquartered in Concord Township, Ohio, Ranpak has built a global presence by combining innovation in paper converting technology with a commitment to sustainability.