PACK - Ranpak Holdings Analysts Increase Their Forecasts Following Q4 Results | Benzinga
Ranpak Holdings Corp. (NYSE: PACK) reported better-than-expected fourth-quarter revenue results on Monday.
Ranpak Hldgs posted GAAP loss of 11 cents per share, compared to market expectations for a loss of 3 cents per share. The company’s sales came in at $90.400 million versus estimates of $87.042 million, according to data from Benzinga Pro.
Omar Asali, Chairman and Chief Executive Officer, commented, "We are pleased with our fourth quarter results as Ranpak finished the year on a positive note and built on the volume improvement momentum which began in the third quarter of 2023. Net revenue for the quarter increased 10.3% year over year on a constant currency basis to $93.9 million, driven by growth ...