Ranpak Holdings Corp. has shared its financial results for the three- and nine-month periods ending September 30, 2024, showing double-digit top-line growth and increased adjusted EBITDA. The company attributes this performance partially to strong strategic account activity in North America and solid performance in Europe and the Asia-Pacific region. Despite global caution, North American sales have seen a 15.3% increase on a constant currency basis compared to the previous year, primarily driven by e-commerce and automation growth. The company also acknowledges general economic softness, such as weakness in housing-related activities and sluggish industrial activity.
Names mentioned: - Ranpak Holdings Corp. - William Drew (Executive Vice President and Chief Financial Officer)