Published on 2 May 2024 on GuruFocus.com via Yahoo Finance
Ranpak Holdings Corp (PACK) Q1 2024 Earnings: Narrowing Losses Amid Revenue Growth
Revenue: Reported at $85.3 million, up 5.0% year-over-year, slightly below the estimate of $85.5 million.Net Loss: Recorded at $8.1 million, an improvement from a net loss of $12.4 million in the prior year, and more than the estimated net loss of $5.38 million.Earnings Per Share (EPS): Posted a loss of $0.10 per share, underperforming against the estimated loss of $0.07 per share.Adjusted EBITDA: Achieved $20.2 million on a constant currency basis, marking a significant increase of 33.8% year-over-year.Gross Margin: Expanded by 400 basis points year-over-year to 37.9%, indicating improved profitability.Machine Placement: Grew by 0.9% year-over-year, reaching approximately 140,800 machines, reflecting continued market penetration.Liquidity: Maintained a strong liquidity position with $55.1 million in cash and no borrowings on its $45 million revolving credit facility.
Warning! GuruFocus has detected 5 Warning Signs with PACK.