Ranpak Holdings Reports Q3 2026 Growth Driven by Automation Segment
Ranpak Holdings Corp. (PACK) reported third-quarter revenue of $101.9 million, representing a 2.3% increase in reported terms and 3.4% on a constant currency basis. The growth was primarily driven by a significant 26.9% surge in automation equipment sales and a recovery in the North American distribution channel. Despite these gains, the company reported a net loss of $7.2 million, though this marks an improvement over the previous year's $10.4 million loss. The company is navigating macroeconomic headwinds, including rising energy costs in Europe—specifically Dutch gas prices exceeding EUR 90 per megawatt hour—and volume declines in the Asia Pacific region due to lower e-commerce activity. To mitigate these pressures, Ranpak is focusing on operational efficiency and a shift toward higher-margin automation products, aiming for an automation revenue target of $60 million for fiscal year 2026.
Tickers: $PACK
Topics: Adjusted EBITDA Automation Revenue Financial Performance Gross Margin Net Revenue