Bullish indicating open at $55-$60, IPO prices at $37
NEW YORK -On Thursday, Ranpak Holdings Corp. (NYSE:PACK) reported fourth quarter revenue that exceeded analyst expectations, while earnings per share fell short of estimates. The company also provided full-year 2025 revenue guidance in line with consensus.
The company’s shares were unchanged in premarket trading following the release.
Ranpak, a provider of environmentally sustainable packaging solutions, posted Q4 revenue of $105 million, up 16% year-over-year and above the $100.36 million analyst consensus. However, the company reported a loss per share of $0.10, worse than the $0.02 loss per share analysts were expecting.
For the full year 2025, Ranpak forecasts revenue between $387 million and $409 million, compared to the $398.5 million consensus estimate.
"We are pleased to finish 2024 on a really positive note with the fourth quarter delivering double digit volume and top-line growth," said Omar Asali, Chairman and CEO. "Volume growth of 12% and 16% net revenue growth across the organization was driven by North American e-commerce activity which experienced a strong holiday season overall as well as the impact of plastic to paper shift among strategic accounts."
The company’s adjusted EBITDA for Q4 rose 8% year-over-year to $25.3 million. Ranpak ended the quarter with approximately 142,700 packaging systems placed, up 1% from the prior year.
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