Ranpak Holdings Corp (N:PACK)

Sector:  Basic Materials Industry:  Paper Packaging
 
See Regulatory Filings on SEC
Company Contact
Address: 7990 Auburn Road
CONCORD TOWNSHIP OH 44077
Tel: N/A
Website: https://www.ranpak.com
IR: See website
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Key People
Omar M. Asali
Chairman of the Board, Chief Executive Officer
William Drew
Chief Financial Officer, Senior Vice President
Michael S. Gliedman
Chief Technology Officer, Director
Antonio Grassotti
Managing Director, Asia-Pacific
Eric Laurensse
Managing Director, Europe
Mark Siebert
Managing Director, North America
Business Overview
Ranpak Holdings Corp. is a provider of environmentally sustainable, systems-based, product protection and end-of-line automation solutions for e-commerce and industrial supply chains. The Company's paper-based Protective Packaging Solutions (PPS) business utilizes a razor/razor-blade model where its proprietary PPS systems are provided to its distributors and certain select end-users for a nominal user fee, charged on a per-unit basis. Its paper packaging materials are fiber-based, biodegradable, renewable, and curb-side recyclable to customers. Its Automated Paper Solutions and Automated Solutions product lines provide end-of-line automation systems that solve distinct challenges facing end-users of its products: Automated Dunnage Insertion, Automated Box-Sizing and Machine Vision Solutions. Its Void-Fill protective systems convert paper to fill empty spaces in secondary packages and protect objects, reducing object movement during shipping and potential damage sustained in transit.
Financial Overview
For the fiscal year ended 31 December 2023, Ranpak Holdings Corp revenues increased 3% to $336.3M. Net loss decreased 35% to $27.1M. Revenues reflect Cushioning machines segment increase of 4% to $145.8M, Other segment increase of 36% to $20.6M, Europe segment increase of 4% to $199M, North America segment increase of 2% to $137.3M. Lower net loss reflects General and administrative and operating decrease of 13% to $90.7M (expense).
Employees: 800 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $988.53M as of Dec 31, 2023
Annual revenue (TTM): $336.30M as of Dec 31, 2023
EBITDA (TTM): $67.90M as of Dec 31, 2023
Net annual income (TTM): -$27.10M as of Dec 31, 2023
Free cash flow (TTM): -$2.70M as of Dec 31, 2023
Net Debt Last Fiscal Year: $338.30M as of Dec 31, 2023
Shares outstanding: 82,621,379 as of Mar 7, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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