Ranpak's automation business exploded 134% to power a revenue beat, though elevated costs held earnings below expectations. The packaging solutions maker is betting big on machine sales and cold chain solutions to accelerate growth in the second half.
Ranpak Holdings :
PACK
PACK
Stock Data
$5.08
$0.03 (0.59%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
PACKAGING & CONTAINERS
Ranpak Holdings Corp specializes in innovative packaging solutions, focusing on protecting products during shipping. With a range of products like FillPak for filling empty spaces, PadPak for cushioning, and WrapPak for wrapping fragile items, they cater to e-commerce and industrial supply chains globally. Their offerings also include cold chain products for insulation and automation products that streamline packaging processes. Founded in 1972 and based in Concord Township, Ohio, Ranpak primarily sells through distributors and directly to some end users, emphasizing sustainability and efficiency in packaging.
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