Ranpak (NYSE:PACK) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Ranpak (NYSE:PACK) posted its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share 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 analyst estimates of $100.94 million. Ranpak had a negative net margin of 9.28% and a negative return on equity of 7.04%.

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 Performance

PACK traded down $0.60 on Thursday, hitting $5.24. 1,477,598 shares of the company traded hands, compared to its average volume of 426,075. The company has a 50 day moving average of $6.84 and a 200-day moving average of $5.53. The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $448.23 million, a PE ratio of -11.91 and a beta of 3.11. Ranpak has a 12-month low of $3.22 and a 12-month high of $7.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PACK. Corient Private Wealth LLC purchased a new stake in shares of Ranpak during the fourth quarter worth approximately $59,000. Empowered Funds LLC grew its position in Ranpak by 6.0% in the 4th quarter. Empowered Funds LLC now owns 498,623 shares of the company’s stock valued at $2,698,000 after buying an additional 28,056 shares during the last quarter. nVerses Capital LLC purchased a new position in Ranpak in the 4th quarter valued at $58,000. Numerai GP LLC purchased a new position in Ranpak in the 4th quarter valued at $62,000. Finally, Millennium Management LLC increased its stake in Ranpak by 32.9% in the 4th quarter. Millennium Management LLC now owns 1,588,253 shares of the company’s stock valued at $8,592,000 after buying an additional 393,344 shares during the period. 85.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.