12:32 PM EDT, 03/12/2024 (MT Newswires) -- Ranpak Holdings ( PACK ) reported an annual loss late Monday of $0.33 per diluted share, compared with a loss of $0.51 per share a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.26.

Net revenue for the year ended Dec. 31 was $336.3 million, up from $326.5 million a year earlier.

Three analysts polled by Capital IQ expected $332.9 million.

For 2024, the company expects net revenue of $370 million to $390 million in constant currency. Three analysts surveyed by Capital IQ expect $367.2 million.

Shares of Ranpak ( PACK ) were rising 43% in midday trading.

Price: 6.25, Change: +1.88, Percent Change: +43.02