Ranpak Holdings Corp. Q3 2025 Earnings Recap

Ranpak Holdings reported a 4.4% increase in consolidated net revenue for Q3, driven by strong performance in North America and significant growth in automation solutions, as the company secured transformative partnerships with major clients including Walmart and Medline.

Key Takeaways

• Secured a transformative partnership with Walmart, with potential for up to $700 million in spend over the next 10 years.
• Automation revenue surged 56% year-over-year, on track to reach $40 million to $45 million for the full year.
• North America sales grew by 10.9%, bolstered by a 140% increase in automation revenue year-over-year.
• Enterprise accounts remain a key growth driver despite a challenging environment in Europe and Asia Pacific, where volumes declined by 2.5%.
• Continued execution in void-fill and wrapping product lines contributed positively to Q3 results, offsetting softness in cushioning.