Bullish indicating open at $55-$60, IPO prices at $37
CONCORD TOWNSHIP, Ohio - Ranpak Holdings Corp. (NYSE: PACK), a $502 million market cap company known for its paper-based packaging automation solutions, is poised to introduce a suite of innovative products at the ProMat 2025 trade show, which will take place from March 17-20. The company, which generated revenue of $369 million with nearly 10% growth in the last twelve months, aims to advance the sustainable packaging industry with its latest offerings and an educational session at the event. According to InvestingPro analysis, the company maintains strong liquidity with a current ratio of 2.22, indicating solid short-term financial stability.
At ProMat, located at McCormick Place in Chicago, IL, Ranpak will showcase three new products. The first, Print™it!™, is an on-demand printing solution allowing for customized parcel branding. The second product, PaperWrap, presents an eco-friendly alternative to plastic film for pallet wrapping. Lastly, Rabot, which combines a vision AI camera system with user-friendly software, is designed to enhance packing station operations.
Additionally, Ranpak’s Global Managing Director of Automation, Bryan Boatner, and Sustainable Packaging Podcast host, Cory Connors, will lead a session on March 17. They will discuss how warehouse technology can create superior unboxing experiences and the critical elements to consider in packaging automation.
The company’s DecisionTower™ with FillPak Trident™ solution has been nominated for the MHI Innovation Award in the Best Innovation in Sustainability category. The finalists will present to a panel of judges on March 17, with the winner to be announced at MHI Industry Night on March 19.
Ranpak, established in 1972, has been committed to providing environmentally friendly shipping solutions. The company’s mission revolves around enhancing supply chain performance, reducing environmental impact, and catering to diverse business needs. Ranpak operates from its headquarters in Concord Township, Ohio, and employs around 800 people.
The information for this article is based on a press release statement from Ranpak Holdings Corp.
In other recent news, Ranpak Holdings Corp reported its financial results for the fourth quarter of 2024, revealing an earnings per share (EPS) of -$0.10, which fell short of analysts’ forecast of -$0.02. However, the company exceeded revenue expectations, recording $105 million compared to the anticipated $100.36 million. Ranpak’s net revenue grew by 17% year-over-year, with automation revenue increasing by over 40% in 2024 and expected to grow more than 50% in 2025. The company has provided a 2025 net revenue guidance of $387 to $409 million, representing a growth of 5-11%, and anticipates adjusted EBITDA to range between $88 and $97 million. Analysts noted the strategic partnership with Amazon as a significant factor in driving future growth. Additionally, Ranpak’s focus on automation is expected to contribute to its revenue and operational efficiency. Despite macroeconomic challenges in Europe, the company remains optimistic about its financial strategy and growth prospects.
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