Ranpak (PACK) - 2024 Q1 - Quarterly Results

Omar Asali, Chairman and Chief Executive Officer, commented, "We are pleased to build off the momentum of the second half of 2023 by beginning 2024 with continued volume growth and profitability improvement as evidenced by strong growth in Gross Profit and Adjusted EBITDA on a constant currency basis. Sales for the quarter increased 5.0% year over year, or 4.4% on a constant currency basis, as volumes increased 5.3% and Automation grew 50%+. In addition to seeing volumes improve vs the prior year for the th ...