Latest news with #OmarAsali
Yahoo
13-05-2025
- Business
- Yahoo
Book retailer Thalia selects Ranpak's automated packaging systems
Thalia, a book retailer in the Germany, Austria, and Switzerland region, has selected Ranpak's technology to improve its fulfilment capabilities and commitment to sustainability. The alliance also allows Ranpak to expand its international presence. In the first phase of this collaboration, Ranpak will install 12 automated packaging systems at Thalia's fulfilment and production centre, scheduled to open in 2026. The solutions comprise three Cut'It! EVO systems, three Form'It! systems, and six Flap'it! systems. The Flap'it! system is designed to optimise the packing process for small, flat items, whereas the Form'it! system is an automated box-forming system engineered to enhance the initial stage of the packaging process by erecting corrugated boxes. Cut'it! EVO, meanwhile, is an automated right-sizing system designed to optimise the height of shipping boxes after items have been picked and packed. This solution minimises empty space and waste, and automatically closes and seals the boxes. This installation marks the initial phase of a broader strategy, with Thalia exploring the addition of further Ranpak systems as it expands its operations. Ranpak's automated solutions are anticipated to integrate smoothly into Thalia's fulfilment environments. Ranpak chair and CEO Omar Asali said: 'At Ranpak, we are committed to helping companies transition to smarter, more sustainable packaging processes. 'Our partnership with Thalia represents a shared vision for automation that not only delivers operational excellence but also reduces environmental impact. 'We are proud to support Thalia's fulfilment network with our innovative, paper-based automation solutions.' The integration will improve packaging processes across Thalia's e-commerce platform and its network of more than 500 physical stores. Element Logic will manage the deployment of Ranpak's solutions, utilising its expertise in optimising warehouse operations with new technologies. Thalia supply chain and logistics managing director Marco Rebohm said: 'Partnering with Ranpak for our new omnichannel hub, which will be an outstanding fulfilment and production facility, marks a key milestone in our mission to make book distribution smarter, greener, and more efficient. 'These new systems will enhance our fulfilment capabilities, support our sustainability goals, and position us for scalable growth. This is just the beginning of a powerful transformation and exciting partnership ahead.' In March this year, Ranpak posted a net revenue of $105m for the fourth quarter (Q4) of 2024, a 16% increase compared to $90.4m in Q4 2023. "Book retailer Thalia selects Ranpak's automated packaging systems" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Wire
13-05-2025
- Business
- Business Wire
Ranpak Expands its Global Footprint Through Large-Scale Sustainable Packaging Partnership with Thalia
CONCORD TOWNSHIP, Ohio & HAGEN, Germany--(BUSINESS WIRE)--Ranpak Holdings Corp. ('Ranpak') (NYSE: PACK), a global leader in sustainable packaging automation technology and solutions, today announced a strategic partnership with Thalia, the largest book retail chain in the DACH region (Germany, Austria, and Switzerland). The partnership marks a significant advancement in Thalia's fulfillment capabilities and commitment to sustainability. As part of the first stage of this collaboration, Thalia will install at its fulfillment and production facility, that will be opened in 2026, a total of 12 Ranpak automated packaging systems, including 3 Cut'It!™ EVO, 3 Form'It!™ packers, and 6 Flap'it!™ systems. Flap'it! – an automated right-sizing solution developed to streamline the packing process and protection for small, flat items. Form'it! – an automated box-forming system designed to improve the first step in the packaging process by automatically erecting corrugated boxes. Cut'it! EVO – an advanced automated right-sizing system that optimizes the height of shipping boxes after items have been picked and packed to minimize void and automatically closes and seals them – all with zero waste. Ranpak's automation portfolio integrates seamlessly into modern fulfillment environments, allowing Thalia to optimize its packaging process across both its robust ecommerce platform and network of more than 500 brick-and-mortar stores, significantly enhancing throughput, package protection, and environmental performance. 'At Ranpak, we are committed to helping companies transition to smarter, more sustainable packaging processes,' said Omar Asali, Chairman and CEO of Ranpak. 'Our partnership with Thalia represents a shared vision for automation that not only delivers operational excellence but also reduces environmental impact. We are proud to support Thalia's fulfillment network with our innovative, paper-based automation solutions.' This installation represents Phase One of a broader initiative, with additional Ranpak systems under consideration as Thalia scales its operations to meet increasing customer demand across its digital and retail channels. 'Partnering with Ranpak for our new omni-channel-hub, which will be an outstanding fulfillment and production facility, marks a key milestone in our mission to make book distribution smarter, greener, and more efficient,' said Marco Rebohm, Managing Director Supply Chain and Logistics at Thalia. 'These new systems will enhance our fulfillment capabilities, support our sustainability goals, and position us for scalable growth. This is just the beginning of a powerful transformation and exciting partnership ahead.' The integration of Ranpak's solutions will be implemented by Element Logic, known for optimizing warehouse operations using AutoStore and other smart technologies. About Ranpak Founded in 1972, Ranpak's mission is to deliver sustainable packaging solutions that improve supply chain performance and reduce environmental impact. With a global footprint and a reputation for innovation, Ranpak helps businesses transition away from plastic packaging through its extensive line of paper-based products and advanced automation systems. For more information, visit About Thalia Thalia is the market-leading omni-channel-book retailer in Germany, Austria, and Switzerland, with a turnover of 1,9 bn. Euros in FY 2023/24 and approx. 6,800 employees. More than 500 bookshops make up the Thalia store network, combined with a strong presence in eCommerce to create a unique customer experience. Thalia stands for literacy, culture, and sustainable development across the DACH region. For more information, visit About Element Logic Element Logic is a technology company specializing in optimizing warehouse operations through intelligent automation systems such as AutoStore. With deep expertise in logistics processes and software integration, Element Logic ensures future-ready solutions that drive efficiency and scalability for customers across Europe.
Yahoo
07-05-2025
- Business
- Yahoo
Ranpak Holdings Corp (PACK) Q1 2025 Earnings Call Highlights: Strong North America Growth Amid ...
Q : Can you provide more color on the performance in different geographies, particularly in EMEA and APAC regions? A : Omar Asali, Chairman and CEO, explained that North America showed robust growth driven by large enterprise accounts. In Europe, Southern Europe performed better than Northern Europe, with Germany showing some weakness due to cautious consumer and business sentiment. Asia Pacific had mixed results, with Japan showing strong momentum, while Southeast Asia and Australia were more varied. Overall, the company expects continued growth, particularly in automation, despite some regional challenges. The company faced temporary production inefficiencies due to longer lead times at mills and invested in more inventory to protect against further disruption. Gross profit declined by 2.5% due to lower volumes in Europe and APAC, combined with higher input costs and unfavorable mix in North America. The company maintains a strong liquidity position with a cash balance of $65.5 million and no drawings on its revolving credit facility. Ranpak Holdings Corp ( NYSE:PACK ) is confident in achieving 50% growth in its automation business, supported by a strong value proposition for high-volume customers. The company is deepening relationships with major players in e-commerce and retail, positioning itself for further growth in 2025. North America was a key driver of growth, with sales up 33% and volumes up more than 40% over Q1 of 2024, driven by strong e-commerce activity. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Story continues Q: Regarding automation, do you expect the projects pushed from Q1 to Q2 to be completed in Q2, and are you confident in achieving the 50% growth rate? A: Omar Asali expressed confidence in achieving the 50% growth rate for automation, noting that while some projects may shift between quarters due to their complexity, the overall pipeline remains strong. The company is working with both new and existing accounts, and despite macroeconomic uncertainties, large accounts are continuing with automation projects due to their ROI and labor-saving benefits. Q: How should we think about the benefits of pricing and cost management initiatives on gross margins in the coming quarters? A: William Drew, CFO, stated that gross margins are expected to improve from Q1 to Q2, with further improvements in Q3 and Q4 as cost initiatives take hold. The company is implementing price increases and operational efficiencies to enhance margins. Q: Can you provide details on the cost reduction actions being taken? A: Omar Asali mentioned that the company is focusing on better planning and forecasting to reduce inefficiencies related to freight and warehousing. They are also evaluating organizational redundancies and investing in operational efficiencies in automation. William Drew added that headcount reductions, improved logistics, and tight control on discretionary spending are key areas of focus. Q: How are tariffs impacting your business, particularly in terms of capital expenditures and sourcing? A: Omar Asali explained that tariffs primarily affect capital expenditures for PPS converters sourced from China and other Asian countries. The company is exploring alternative sourcing and refurbishment of existing machines to mitigate impacts. Automation equipment sourced from Europe is less affected by Asian tariffs, and the company is focused on minimizing costs while maintaining a strong value proposition for customers. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Wire
06-05-2025
- Business
- Business Wire
Ranpak Holdings Corp. Reports First Quarter 2025 Financial Results
CONCORD TOWNSHIP, Ohio--(BUSINESS WIRE)--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 first quarter 2025 financial results. Omar Asali, Chairman and Chief Executive Officer, commented, 'We were excited to share in January that we signed a warrant transaction with Amazon. We believe this transaction provides great alignment for meaningful incremental growth and cash flow for Ranpak over the upcoming years and is a testament to the strong innovation and execution we have delivered. This quarter you can see our revenue growth impacted by this relationship, partially offset by the resulting non-cash reduction to revenue associated with Amazon warrants which flows through our financial statements. Moreover, I am pleased to report our 7 th quarter in a row of strong volume growth and increased net revenue. Global volumes grew 12.0% in the quarter and net revenue increased 8.8% on a consolidated basis at constant currency driven by continued strength in North American e-commerce activity, particularly our large enterprise customers that are in the midst of a plastic to paper transition. Our net revenue growth figures reflect the non-cash impact of Amazon warrants which contributed a 0.9% headwind to our reported revenue. In general, our Enterprise account activity in North America continues to be quite strong and the key projects we were counting on going into 2025 related to plastic to paper transition and Automation are continuing on their expected path. ' North American sales continued to demonstrate excellent growth, however overall performance was impacted by a challenging March in Europe and APAC which took volumes in that region down for the quarter after being positive for the first two months of the year. Fortunately April has seen stabilization there versus the prior year with sales and volumes up slightly. Automation sales were slightly up in the quarter as some projects got pushed from Q1 to Q2, but the momentum in this area is extremely strong driven by our discussions with Enterprise customers, leading us to be confident in our growth outlook for this area of the business. Adjusted EBITDA declined 7.8% on a constant currency basis year over year driven by lower volumes in Europe and APAC to start the year and higher input costs flowing through to our bottom line. The reported figures reflect 420 bps of headwind related to the non-cash impact from the Amazon warrants of $0.8 million. Excluding the non-cash impact of the Amazon warrants, Adjusted EBITDA would have been down 3.6% on a constant currency basis. As a Company, we are taking actions in the second quarter to improve our margin profile and to adjust our cost structure given the current environment. We have moved quickly to address areas of inefficiency and to reduce costs to better align our cost structure with the current environment.' Tariff Impact We have a diverse global business with more than 50% of our net revenue generated in regions where our cost of goods sold and capital expenditures are not directly impacted by tariffs and business is conducted largely in Euros which has appreciated meaningfully against the dollar. Our paper sourcing and production in North America and Europe are regionalized, with our operations securing paper locally and converting it for sale in their local regions, thus limiting impacts of tariffs. In the U.S., the impact of tariffs is largely related to our capital expenditures of our PPS converters, some of which are sourced from China or contain parts and components from China and other Asian countries. We are taking steps to minimize the potential impact of these tariffs by evaluating alternative parts and global suppliers as well as stepping up our efforts to refabricate and refurbish existing machines in our fleet to reduce cost. Our box customization equipment is currently made in Europe and shipped to the U.S. and thus will be subject to the European tariff rate. We are focused on cost out and efficiencies to minimize the impact to our customers, and believe that the value proposition of our equipment to our customers remains extremely compelling even with the current tariff. We believe this could also provide an opportunity for us to take share versus more expensive packaging automation solutions manufactured in Europe. Given the operating environment uncertainty, we are tightly managing our business in the near-term while maintaining focus on the long-term health and potential of our Company. Our focus is on driving volumes and winning share, reducing our structural costs, and maximizing cash. We believe Ranpak is well positioned to weather the current environment due to the diversity of our operations and global footprint as well as the value-added solutions we provide to businesses across the world. In an environment where there is increasing cost pressure, our solutions provide businesses with reliable solutions that make their businesses better and provide strong returns on investment. First Quarter 2025 Highlights Net revenue increased 6.9% and increased 8.8% on a constant currency basis Net loss of $10.9 million compared to net loss of $8.1 million for the prior year period AEBITDA 1 of $17.3 million for the three months ended March 31, 2025 is down 9.9% and down 7.8% on a constant currency basis Packaging systems placement increased 2.1% year over year, to approximately 143.8 thousand machines as of March 31, 2025 Net revenue for the first quarter of 2025 was $91.2 million compared to $85.3 million in the first quarter of 2024, an increase of $5.9 million year over year or 6.9% (8.8% on a constant currency basis) and includes a reduction of $0.8 million in void-fill for the provision for common stock warrants. Net revenue was positively impacted by increases in void-fill and wrapping, partially offset by a decrease in cushioning. Cushioning decreased $7.2 million, or 19.3%, to $30.1 million from $37.3 million; void-fill increased $11.0 million, or 33.2%, to $44.1 million from $33.1 million; wrapping increased $2.1 million or 24.4% to $10.7 million from $8.6 million; and other net revenue remained flat at $6.3 million for the first quarter of 2025 compared to the first quarter of 2024. Other net revenue includes automated box sizing equipment and non-paper revenue from packaging systems installed in the field, such as systems accessories. The increase in net revenue for the first quarter of 2025 compared to the first quarter of 2024 is quantified by an increase in the volume of sales of our paper consumable products of approximately 12.0%, partially offset by a 2.4% decrease in the price or mix of our paper consumable products, a 0.9% decrease from the provision for common stock warrants, and a 1.8% decrease from foreign currency fluctuations. Balance Sheet and Liquidity Ranpak completed the first quarter of 2025 with a strong liquidity position, including a cash balance of $65.5 million and no borrowings on its $50.0 million Revolving Credit Facility, which matures in December 2029. As of March 31, 2025, the Company had $409.0 million outstanding under its USD-denominated first lien term facility, which matures in December 2031. The following table presents Ranpak's installed base of protective packaging systems by product line as of March 31, 2025 and 2024: The Company will host a conference call and webcast at 8:30 a.m. (ET) on Tuesday, May 6, 2025. The conference call and earnings presentation will be webcast live at the following link: Investors who cannot access the webcast may listen to the conference call live via telephone by dialing (800) 715-9871 and use the Conference ID: 5813434. A telephonic replay of the webcast also will be available starting at 11:30 a.m. (ET) on Tuesday, May 6, 2025 and ending at 11:59 p.m. (ET) on Tuesday, May 13, 2025. To listen to the replay, please dial (800) 770-2030 and use the passcode: 5813434. Cautionary Notice Regarding Forward-Looking Statements This news release contains 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). Statements that are not historical facts are forward-looking statements. Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this news release include, for example, statements about our expectations around the future performance of the business, including our forward-looking guidance. The forward-looking statements contained in this news release are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (i) our inability to secure a sufficient supply of paper to meet our production requirements; (ii) the impact of rising prices on production inputs, including labor, energy, and freight on our results of operations; (iii) the impact of the price of kraft paper on our results of operations; (iv) our reliance on third party suppliers; (v) geopolitical conflicts and other social and political unrest or potential tariffs on the import of goods; (vi) the high degree of competition and continued consolidation in the markets in which we operate; (vii) consumer sensitivity to increases in the prices of our products, changes in consumer preferences with respect to paper products generally or customer inventory rebalancing; (viii) economic, competitive and market conditions generally, including macroeconomic uncertainty, the impact of inflation, and variability in energy, freight, labor and other input costs; (ix) the loss of certain customers; (x) our failure to develop new products that meet our sales or margin expectations or the failure of those products to achieve market acceptance; (xi) our ability to achieve our environmental, social and governance ('ESG') goals and maintain the sustainable nature of our product portfolio and fulfill our obligations under evolving ESG standards; (xii) our ability to fulfill our obligations under new disclosure regimes relating to ESG matters, such as the European Sustainability Disclosure Standards recently adopted by the European Union ('EU') under the EU's Corporate Sustainability Reporting Directive ('CSRD'); (xiii) our future operating results fluctuating, failing to match performance or to meet expectations; (xiv) our ability to fulfill our public company obligations; and (xv) other risks and uncertainties indicated from time to time in filings made with the SEC. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. We are not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements. Ranpak Holdings Corp. Unaudited Condensed Consolidated Balance Sheets (in millions, except share data) March 31, 2025 Assets Current assets Cash and cash equivalents $ 65.5 $ 76.1 Accounts receivable, net 43.0 43.9 Inventories 35.3 21.7 Income tax receivable 2.9 1.8 Prepaid expenses and other current assets 9.8 7.7 Total current assets 156.5 151.2 Property, plant and equipment, net 140.4 137.6 Operating lease right-of-use assets, net 21.6 20.9 Goodwill 448.0 443.7 Intangible assets, net 307.7 312.2 Deferred tax assets 0.1 0.1 Other assets 45.2 38.5 Total assets $ 1,119.5 $ 1,104.2 Liabilities and Shareholders' Equity Current liabilities Accounts payable $ 37.1 $ 26.9 Accrued liabilities and other 37.5 28.5 Current portion of long-term debt 5.7 5.6 Operating lease liabilities, current 4.1 4.0 Deferred revenue 3.3 3.4 Total current liabilities 87.7 68.4 Long-term debt 399.5 400.8 Deferred tax liabilities 59.3 62.0 Derivative instruments 6.1 1.3 Operating lease liabilities, non-current 21.5 20.8 Other liabilities 1.3 2.8 Total liabilities 575.4 556.1 Commitments and contingencies – Note 13 Shareholders' equity Class A common stock, $0.0001 par, 200,000,000 shares authorized at March 31, 2025 and December 31, 2024; shares issued and outstanding: 84,222,329 and 83,267,367 at March 31, 2025 and December 31, 2024, respectively — — Additional paid-in capital 707.3 699.6 Accumulated deficit (156.2 ) (145.3 ) Accumulated other comprehensive loss (7.0 ) (6.2 ) Total shareholders' equity 544.1 548.1 Total liabilities and shareholders' equity $ 1,119.5 $ 1,104.2 Expand Ranpak Holdings Corp. Unaudited Condensed Consolidated Statements of Cash Flows (in millions) Three Months Ended March 31, 2025 2024 Cash Flows from Operating Activities Net loss $ (10.9 ) $ (8.1 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 15.1 18.8 Amortization of deferred financing costs 0.3 0.7 Loss on disposal of property, plant, and equipment — 0.4 Deferred income taxes (1.1 ) 0.2 Amortization of initial value of interest rate swap — (0.7 ) Foreign currency gain (2.6 ) (1.4 ) Stock-based compensation expense 2.1 1.3 Provision for common stock warrants 0.8 — Amortization of cloud-based software implementation costs 0.9 0.9 Changes in operating assets and liabilities: Decrease (increase) in accounts receivable 2.3 (2.3 ) Increase in inventories (13.3 ) (2.2 ) Increase in income tax receivable (1.1 ) (3.9 ) Increase in prepaid expenses and other current assets (2.4 ) (0.9 ) Increase in accounts payable 8.9 3.4 Increase in accrued liabilities and other 1.6 1.3 Change in other assets and liabilities (1.9 ) (2.3 ) Net cash provided by (used in) operating activities (1.3 ) 5.2 Cash Flows from Investing Activities Purchases of converter equipment (7.3 ) (7.5 ) Purchases of other property, plant, and equipment (0.2 ) (2.3 ) Cash paid for strategic investments — (0.5 ) Net cash used in investing activities (7.5 ) (10.3 ) Cash Flows from Financing Activities Principal payments on term loans (1.0 ) (0.4 ) Payments on equipment financing (0.1 ) (0.2 ) Payments on finance lease liabilities (0.5 ) (0.3 ) Tax payments for withholdings on stock-based awards distributed (1.2 ) (0.4 ) Net cash used in financing activities (2.8 ) (1.3 ) Effect of Exchange Rate Changes on Cash and Cash Equivalents 1.0 (0.5 ) Net Decrease in Cash and Cash Equivalents (10.6 ) (6.9 ) Cash and Cash Equivalents, beginning of period 76.1 62.0 Cash and Cash Equivalents, end of period $ 65.5 $ 55.1 Expand Non-GAAP Measures Earnings Before Interest, Taxes, Depreciation and Amortization ('EBITDA') and Adjusted EBITDA ('AEBITDA') Our unaudited condensed consolidated financial statements are prepared in accordance with U.S. GAAP. We also present Earnings Before Interest, Taxes, Depreciation and Amortization ('EBITDA') and adjusted EBITDA ('AEBITDA'), which are non-GAAP financial measures, because they are key measures used by our management and board of directors to understand and evaluate our operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. In particular, the exclusion of certain expenses in calculating EBITDA and AEBITDA can provide a useful measure for period-to-period comparisons of our primary business operations. We believe that EBITDA and AEBITDA provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. EBITDA is a non-GAAP financial measure that we calculate as net loss, adjusted to exclude: benefit from (provision for) income taxes; interest expense; and depreciation and amortization. AEBITDA is a non-GAAP financial measure that we calculate as net loss, adjusted to exclude: benefit from (provision for) income taxes; interest expense; depreciation and amortization; stock-based compensation expense; foreign currency (gain) loss; amortization of cloud-based software implementation costs; and, in certain periods, other income and expense items. We reconcile this data to our U.S. GAAP data for the same periods presented. Constant Currency We operate globally, and a substantial portion of our net revenue and operations is denominated in foreign currencies, primarily the Euro. We calculate the year over-year impact of foreign currency movements using prior period foreign currency rates applied to current year results. These 'constant currency' change amounts are non-GAAP measures and are not in accordance with, or an alternative to, measures prepared in accordance with U.S. GAAP. In addition, constant currency change measures are not based on any established set of accounting rules or principles. In calculating the Constant Currency (Non-GAAP) % Change, the current year is translated at the average exchange rate for the comparable prior year period, when comparing the current year to the prior year. We believe that our Constant Currency (Non-GAAP) % Change presentation provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. Cautionary Notice Regarding Non-GAAP Measures Non-GAAP measures, such as EBITDA, AEBITDA, and constant currency change, have limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our results as reported under U.S. GAAP. In particular, non-GAAP financial measures should not be viewed as substitutes for, or superior to, net loss prepared in accordance with U.S. GAAP as a measure of profitability or liquidity. Some of these limitations are: although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and EBITDA and AEBITDA do not reflect all cash capital expenditure requirements for such replacements or for new capital expenditure requirements; EBITDA and AEBITDA do not reflect changes in, or cash requirements for, our working capital needs; EBITDA and AEBITDA do not reflect the impact of the recording or release of valuation allowances or tax payments that may represent a reduction in cash available to us; AEBITDA does not consider the potentially dilutive impact of stock-based compensation, and in certain periods, other income and expense items, such as restructuring and integration costs; constant currency change measures exclude the foreign currency exchange rate impact on our foreign operations; and other companies, including companies in our industry, may calculate EBITDA, AEBITDA, and constant currency change differently, which reduces their usefulness as comparative measures. (see subsequent footnotes) (1) Reconciliations of EBITDA and AEBITDA for each period presented are to net (loss) income, the nearest GAAP equivalent. (2) Adjustments are related to non-cash unusual or infrequent costs such as: effects of non-cash foreign currency remeasurement or adjustment; impairment of returned machines; costs associated with the evaluation of acquisitions; costs associated with executive severance; costs associated with restructuring actions such as plant rationalization or realignment, reorganization, and reductions in force; costs associated with the implementation of the global ERP system; and other items deemed by management to be unusual, infrequent, or non-recurring. (3) Represents amortization of capitalized costs primarily related to the implementation of the global ERP system, which are included in SG&A. (4) Third-party professional services and consulting fees related to post-implementation system remediation. (5) In 2025, Other adjustments includes non-recurring warehouse and transitory costs incurred related to conversion services, non-recurring excess above market procurement costs, and other insignificant items. In the first quarter of 2024, Other adjustments represents primarily legal expenses and fees related to the Company's patent litigation which was settled in the second quarter of 2024. (6) The Constant Currency (Non-GAAP) % Change excludes the impact of foreign currency translation effects when comparing to the prior year. In calculating the Constant Currency (Non-GAAP) % Change, the current year results are translated at the average exchange rate for the prior year period, which in this case was 1 Euro to 1.0863 USD. Refer to further discussion in 'Non-GAAP Measures.' Expand
Yahoo
16-04-2025
- Business
- Yahoo
Global leader unveils new product that could transform future deliveries: 'Represents a significant milestone'
Ranpak, a long-standing global leader in sustainable packaging, has announced a new addition to its product line: PaperWrap. According to Business Wire, PaperWrap is a new material set to replace its wasteful predecessor — plastic. In the world of shipping, plastic wrap is used to surround pallets of products for safe travel and delivery. The new and innovative PaperWrap aims to replace this use of plastic and help businesses reduce their environmental impact. Teaming up with Mondi — a sustainable packaging and paper company operating in over 30 countries — PaperWrap will incorporate Mondi's Ad/Vantage StretchWrap with their newly developed pallet wrap machines, all custom-assembled to meet their customers' needs. PaperWrap and Ranpak will offer three models to their customers: fully automatic standalone machines, semi-automatic standalone units, and fully automatic line integration systems. These shipping solutions help support circularity goals and reduce pollution. Mondi's Ad/Vantage StretchWrap creates 62% less planet-warming pollution compared to conventional plastic stretch film and 49% less planet-warming pollution compared to plastic film made with 50% recycled materials, per Business Wire. The new paper material is designed to stretch and resist punctures, while the wrapping machines optimize efficiency. Eliminating plastic wrap and replacing it with recyclable PaperWrap would be a huge step toward curbing planet-overheating gas pollution. Plastic products we use daily, including those integrated into the shipping process, are made from dirty fuels. The pollution created from making the material contaminates the air we breathe and traps heat in the atmosphere, leading to rising global temperatures that exacerbate extreme weather events. Reducing plastic pollution is also essential to slow the creation of microplastics, which accumulate in our bodies and have been linked to a range of health issues. Switching to plastic-free products and supporting companies like Ranpak, PaperWrap, and Mondi that take action toward sustainability can demonstrate that there is consumer appetite and money to be made from environmentally conscious choices. When you think about a product's packaging, which of these factors is more important to you? The way it looks The information it provides The waste it produces I don't think about packaging at all Click your choice to see results and speak your mind. "This new partnership with PaperWrap represents a significant milestone as we continue to evaluate the most sustainable materials possible and deliver resources that will help businesses transition away from single-use plastics," said Omar Asali, Chairman and CEO of Ranpak, according to Business Wire. Asali continued, "Together, we are driving the future of sustainable packaging and creating a positive impact for generations to come." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
