PACK Q2 2023 Earnings — Ranpak Holdings Corp. Revenue & Financial Results | Market Cap Arena

PACKRanpak Holdings Corp.

$327M

Q2 2023 Earnings

Consumer Cyclical Packaging & Containers

Income Statement

Revenue

$82M-5.6% YoY

Gross Profit

$30M36.9% margin

Operating Income

$4M5.4% margin

Net Income

-$2M-2.6% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+0.9%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

-$4M

Stock-Based Comp.

-$10M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$548M

Stockholders' Equity

$590M

Cash & Equivalents

$54M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$82M	$87M	-5.6%
Gross Profit	$30M	$28M	+6.7%
Operating Income	$4M	-$11M	+138.6%
Net Income	-$2M	-$11M	+81.4%

Revenue Segments

Paper

$63M77%

Machine Lease

$13M16%

Product and Service, Other

$6M7%

Geographic Segments

Europe And Asia Segment

$50M61%

North America Segment

$32M39%