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PACK — Ranpak Holdings News Story

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Ranpak Q1 revenue beats estimates driven by EMEA volume gains

Overview

U.S. sustainable packaging firm's Q1 revenue rose 11%, beating analyst expectations

Adjusted EBITDA for Q1 increased 9.2% to $18.9 mln

Revenue growth driven by automation and EMEA volume gains; North America faced tough comparison

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

AUTOMATION GROWTH - Net revenue from automation equipment rose 112.7% year over year, driving overall revenue gains

EMEA VOLUME GAINS - PPS volumes grew 0.8% year over year, led by growth in EMEA, exceeding company expectations

Company press release: ID:nBw3fn37ta

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeat$101.20 mln$91.59 mln (3 Analysts)
Q1 EPS-$0.12
Q1 Net Income-$10.20 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the paper packaging peer group is "buy" Wall Street's median 12-month price target for Ranpak Holdings Corp is $7.25, about 84% above its April 29 closing price of $3.94 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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