RH

Ranpak Holdings

PACK
NYSEMaterials
$5.00
USD
+1.06(+26.90%)
At close: Apr 30, 18:01 UTC
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Market Snapshot

Market Cap

$332.44M

P/E Ratio

-8.7

EPS

-0.26

Revenue

$368.9M

Employees

800

Why PACK moved

Ranpak Holdings reported its first-quarter financial results, indicating growth in demand for sustainable packaging solutions amid increasing consumer preference for eco-friendly products.

About

Ranpak Holdings Corp. engages in the provision of product protection and end-of-line automation solutions for e-commerce and industrial supply chains. The company is headquartered in Concord Township, Ohio and currently employs 800 full-time employees. The company went IPO on 2018-02-26. The firm's paper-based Protective Packaging Solutions (PPS) business utilizes a razor/razor-blade model where its proprietary PPS systems are provided to its distributors and certain select end-users for a nominal user fee, charged on a per-unit basis. Its paper packaging materials are fiber-based, biodegradable, renewable, and curb-side recyclable for customers. Its Automated Paper Solutions and Automated Solutions product lines provide end-of-line automation systems that solve distinct challenges facing end-users of its products: Automated Dunnage Insertion, Automated Box-Sizing and Machine Vision Solutions. Its Void-Fill protective systems convert paper to fill empty spaces in secondary packages and protect objects, reducing object movement during shipping and potential damage sustained in transit.

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