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 |
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 |