Welcome to our dedicated page for Ranpak Holdings news (Ticker: $PACK), a resource for investors and traders seeking the latest updates and insights on Ranpak Holdings stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ranpak Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ranpak Holdings's position in the market.
Ranpak Holdings Corp. reported its first quarter 2024 financial results, showing positive growth in revenue and Adjusted EBITDA. Net revenue increased 5.0% year over year to $85.3 million, with a net loss of $8.1 million. Constant currency AEBITDA for the quarter was $20.2 million, up 33.8% year over year. The company highlighted improvements in gross profit, sales volume, and automation. Ranpak remains focused on deleveraging and cash generation in 2024.