Ranpak (PACK) Q3 Revenue Matches Expectations, Secures $700M Deal with Walmart Amidst Declining Growth and Profitability.

Ranpak reported Q3 revenue of $99.6mln, in line with expectations. The company signed a strategic partnership with Walmart, potentially leading to $700mln in expenditures over a decade. However, Ranpak's financial health shows challenges, with declining revenue growth and profitability margins. The partnership grants Walmart 22.5mln warrants, contingent upon expenditures of $300mln on Ranpak's offerings.