Ranpak (NYSE:PACK) Announces Quarterly Earnings Results

Ranpak (NYSE:PACK) posted its quarterly earnings data on Thursday. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06), Zacks reports. Ranpak had a negative return on equity of 6.61% and a negative net margin of 8.28%. The business had revenue of $101.90 million during the quarter, compared to analyst estimates of $108.85 million.

Here are the key takeaways from Ranpak’s conference call:

• Automation remained the key growth engine, with revenue up 26.9% year over year on a constant-currency basis and the company still targeting approximately $60 million in 2026 automation revenue. Ranpak expects automation to be adjusted EBITDA-positive in 2026 and contribute positively in 2027.
• Profitability improved despite a difficult cost environment. Gross margin expanded 110 basis points, constant-currency SG&A excluding RSU expense fell 10.5%, and adjusted EBITDA rose 6.1% on a constant-currency basis, excluding warrant impacts.
• Overall volumes declined 2.5%, as Europe and APAC weakened after a strong second quarter. European customers worked through inventory pulled forward ahead of surcharges, while geopolitical uncertainty, elevated energy prices and cautious demand remain significant headwinds.
• Ranpak ended the quarter with $53.4 million of cash, no revolver borrowings and net leverage of 4.3 times, while management expects further cash improvement in the fourth quarter and aims to reach 2.5–3.0 times net leverage within 24 months.
• Management identified cold chain and automation as major 2027 growth drivers. New cold-chain capacity is expected to come online early next year, with meaningful contributions anticipated from the second quarter onward, while partnerships such as Element Logic broaden the company’s warehouse-automation offering.

Ranpak Stock Performance

NYSE:PACK traded down $0.23 during mid-day trading on Friday, hitting $3.17. 829,556 shares of the stock were exchanged, compared to its average volume of 647,682. Ranpak has a fifty-two week low of $3.05 and a fifty-two week high of $7.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.39 and a current ratio of 1.79. The firm’s 50-day simple moving average is $4.06 and its 200 day simple moving average is $5.13. The stock has a market capitalization of $272.29 million, a price-to-earnings ratio of -7.94 and a beta of 3.14.

Key Stories Impacting Ranpak

Here are the key news stories impacting Ranpak this week:

• Positive Sentiment: Ranpak said automation remains a growth driver and expects approximately $60 million in automation revenue for 2026. Adjusted EBITDA increased to $22.5 million, supporting the investment case around margin recovery and operational efficiency. Ranpak anticipates $60M in 2026 automation revenue as adjusted EBITDA rises to $22.5M
• Neutral Sentiment: Management’s third-quarter earnings call focused on automation momentum, margin recovery and the company’s operating outlook, but investors remain focused on whether these improvements can translate into stronger cash flow. Ranpak Q3 2026 Earnings Call Transcript
• Negative Sentiment: Ranpak reported third-quarter revenue of $101.9 million, below the $108.85 million analyst consensus, while adjusted EPS was a loss of $0.08 versus expectations for a $0.02 loss. The revenue and earnings misses reinforce concerns about demand and profitability. Ranpak Holdings Corp. Reports Third Quarter 2026 Financial Results
• Negative Sentiment: Craig Hallum downgraded PACK from “buy” to “hold” and set a $3.50 price target. The downgrade signals reduced analyst conviction despite the target implying limited potential upside from recent trading levels. Craig Hallum stock recommendations
• Negative Sentiment: Analysis of the results highlighted a debt-service ceiling: improving automation and margins may not be sufficient to offset financing obligations and cash-flow pressure. This limits the near-term benefit of the company’s operational gains. Ranpak automation momentum and margin recovery meet a debt-service ceiling

Wall Street Analyst Weigh In

PACK has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ranpak in a research report on Thursday, October 15th. Craig Hallum cut Ranpak from a “buy” rating to a “hold” rating and set a $3.50 target price for the company. in a report on Friday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.50.

Ranpak Company Profile

Ranpak Holdings Corp. (NYSE: PACK) develops and manufactures sustainable, paper-based packaging solutions designed to protect products during shipping and handling. Its offerings serve e-commerce, retail, industrial, food, and other applications where cushioning, void fill, wrapping, and product protection are required.

The company’s product portfolio includes paper cushioning and void-fill materials, protective wrapping systems, and packaging automation equipment. Ranpak also provides dispensing systems and related packaging solutions that help customers streamline fulfillment operations while reducing reliance on plastic-based protective packaging.

Founded in 1972, Ranpak serves customers through a global network of manufacturing, distribution, and sales operations across North America, Europe, and other international markets.