Group 1 - Crude Value Insights provides an investment service and community focused on oil and natural gas, emphasizing cash flow and companies that generate it, which leads to value and growth prospects with real potential [1] - Subscribers have access to a model account with over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Group 2 - A two-week free trial is available for new subscribers, offering an opportunity to explore the oil and gas sector [2]

Group 1 - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and companies that generate it [1] - The service offers subscribers access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Group 2 - A two-week free trial is available for new subscribers, promoting engagement with the oil and gas market [2]

Core Insights - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] Group 1 - The article suggests that users may face blocks if ad-blockers are enabled, indicating a need to disable them for proper access [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________ FORM 10-Q _______________________________________________________________ (Mark One) (Exact name of registrant as specified in its charter) _______________________________________________________________ (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) Delaware 98-1377160 x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d ...

Financial Data and Key Metrics Changes - Consolidated net revenue increased by 4.4% year-over-year on a constant currency basis, with a 5.3% increase excluding the non-cash impact of warrants [10][20] - Gross profit declined by 3.8% on a constant currency basis, but increased by 3.2% due to higher sales and improved margins in both North America and Europe [21] - Adjusted EBITDA increased by 3.5% for the quarter or 7.6% excluding non-cash foreign impact [18][21] Business Line Data and Key Metrics Changes - Automation revenue increased by 56% on a constant currency basis, with expectations to achieve full-year automation revenue of $40 to $45 million [11][18] - North America saw a 10.9% increase in sales, driven by large e-commerce accounts and a 140% increase in automation revenue [12][20] - Cushioning was the only area in North America that experienced a decline year-over-year, while wrapping showed solid contributions [13] Market Data and Key Metrics Changes - In Europe and Asia-Pacific, combined revenue decreased by 0.6% on a constant currency basis, driven by 2.5% volume headwinds [20] - North America continued to show strong volume growth, while Europe faced a more challenging operating environment [11][16] - Asia-Pacific production is ramping up, but destocking activity has offset growth this year [17] Company Strategy and Development Direction - The company entered into a strategic partnership with Walmart, potentially generating up to $700 million in spend over 10 years [5][6] - Focus on expanding PPS relationships beyond void fill to maximize Walmart's warrant vesting [15] - Plans to enhance margin profiles and drive growth through automation and innovative product offerings [19][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in automation growth and the potential for Walmart to become a significant customer [10][39] - The outlook for North America remains strong, while Europe is expected to stabilize and improve over time [16][29] - The company aims to achieve $800 million in revenue organically within the next five years, with automation contributing at least 15% [30][41] Other Important Information - The company expects to end the year with approximately $65 to $70 million in cash, down from previous expectations due to lower sales in Europe [24][22] - Capital expenditures for the quarter were $7.8 million, with a focus on minimizing impacts from evolving tariff landscapes [25][22] Q&A Session Summary Question: Clarification on automation and regional performance - Management confirmed strong automation performance globally, with North America showing robust volumes while Europe and Asia-Pacific are inconsistent [34] Question: Gross margin recovery and future expectations - Management indicated that there is still room for improvement in gross margins, with ongoing cost initiatives expected to yield further benefits [36] Question: Walmart partnership ramp-up expectations - Management expects a gradual ramp-up in contributions from the Walmart partnership, with significant growth anticipated in 2026 and beyond [38][39] Question: Long-term revenue and EBITDA margin targets - Management confirmed a target of $800 million in revenue over the next five years, with a goal of achieving over 25% EBITDA margin [41] Question: Volume expectations for Q4 - Management anticipates consistent volumes in North America, while Europe and Asia-Pacific may see slight declines year-over-year [46] Question: Cash flow and CapEx guidance - Management expects to generate $15 to $20 million in free cash flow next year, with CapEx projected at around $35 million [54][55]

Financial Performance - Net revenue increased by 80% compared to the prior year, or 44% on a constant currency basis[15] - Global sales of automation equipment increased by 630% compared to the prior year, or 562% on a constant currency basis[15] - Adjusted EBITDA increased by 81% (35% on a constant currency basis), including a 400 bps non-cash headwind for the provision of warrants in revenue ($08 million)[15] - Gross margin decreased by 28% year-over-year to 345% (344% on a constant currency basis) due to increased production costs and product mix[15] - Year-to-date net revenue increased by 56% on a constant currency basis[29] - Year-to-date Adjusted EBITDA decreased by 78% on a constant currency basis[29] Regional Performance - North America revenue increased by 109% due to increased volumes from e-commerce activity among large enterprise accounts[15] - EMEA/APAC revenue increased by 58% (decreased 06% on a constant currency basis) driven by increased automation equipment sales and stronger Euro to USD exchange rates[15] - Volumes in Europe/APAC were down by 25% due to a challenging environment and uncertainty from tariffs and de-stocking in APAC[17] Strategic Agreements - Agreement with Walmart is anticipated to be transformative to Automation and implies, based on expectations and current paper pricing, potential spend of $700 million over 10 years, to achieve full vesting[22] - Potential spend for maximum vesting with Amazon is $400 million excluding the cost of paper related to pre-existing NOAM business lines[32]

Exhibit 99.1 Ranpak Holdings Corp. Reports Third Quarter 2025 Financial Results CONCORD TOWNSHIP, Ohio, October 30, 2025 – Ranpak Holdings Corp. (NYSE: PACK) ("Ranpak" or "the Company"), a leading provider of environmentally sustainable, systems-based, product protection and end-of-line automation solutions for e-commerce and industrial supply chains, today reported its third quarter 2025 financial results. Omar Asali, Chairman and Chief Executive Officer, commented, "Our third quarter was a major stepping ...

Market Overview - The U.S. equity market experienced a significant recovery in Q2 2025, rising 23% from its low to end the quarter at a record high [1] - U.S. large-cap stocks gained 11.1% during the quarter, with growth stocks outperforming value stocks [1] - The Meridian Contrarian Fund achieved a net return of 16.42% in Q2 2025, surpassing the Russell 2500 Index's return of 8.59% and the Russell 2500 Value Index's return of 7.29% [1] Company Focus: Ranpak Holdings Corp. (NYSE:PACK) - Ranpak Holdings Corp. specializes in paper-based protective packaging solutions, catering to e-commerce and industrial supply chains [2][3] - The stock of Ranpak Holdings Corp. saw a one-month return of -3.03% and a 52-week decline of 20.37%, closing at $5.12 per share with a market capitalization of $431.953 million on September 25, 2025 [2] - The company is recognized for its environmentally friendly products, which are more sustainable compared to traditional packaging materials [3] Investment Insights - Despite recent stock declines due to higher input and logistics costs, the underlying demand for Ranpak's products remains strong [3] - The company is expected to recover margins and expand due to ongoing automation initiatives and a secular shift away from plastics towards paper [3] - Ranpak Holdings Corp. was held by 21 hedge fund portfolios at the end of Q2 2025, a decrease from 23 in the previous quarter, indicating a potential shift in investor interest [4]

Core Viewpoint - Ranpak Holdings Corp (PACK) has shown a significant price increase of 52.2% over the past four weeks, with a mean price target of $7.17 indicating a potential upside of 35.8% from the current trading price of $5.28 [1] Price Targets and Analyst Estimates - The mean estimate consists of three short-term price targets with a standard deviation of $2.57, where the lowest estimate is $5.00 (5.3% decline) and the highest is $10.00 (89.4% increase) [2] - A low standard deviation among price targets suggests a strong agreement among analysts regarding the stock's price movement direction [9] Earnings Estimates and Analyst Sentiment - There is increasing optimism among analysts about PACK's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which correlates with potential stock price increases [11] - The Zacks Consensus Estimate for the current year has risen by 15.8% over the past month, with no negative revisions [12] - PACK holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - While price targets are often sought after, they can mislead investors, and reliance solely on them may not yield favorable returns [3][10] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8]

Group 1: Momentum Investing Overview - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] - Identifying the right entry point for trending stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] Group 2: Investment Strategy - Investing in bargain stocks that have recently shown price momentum may be a safer approach [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] Group 3: Ranpak Holdings Corp (PACK) Analysis - Ranpak Holdings Corp (PACK) has shown a price increase of 16.3% over the past four weeks, indicating growing investor interest [3] - Over the past 12 weeks, PACK's stock gained 34.8%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - PACK has a beta of 2.7, suggesting it moves 170% higher than the market in either direction, indicating fast-paced momentum [4] Group 4: Performance Metrics - PACK has a Momentum Score of A, suggesting it is an opportune time to invest in the stock [5] - The stock has a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investor interest [6] - Currently, PACK is trading at a Price-to-Sales ratio of 0.99, indicating it is reasonably valued at 99 cents for each dollar of sales [6] Group 5: Additional Opportunities - Besides PACK, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, which can help identify potential winning stocks [8]