morning Thank families listening and I you, and safe everybody David, good everyone. hope in are their healthy. and staying
again thanking quarter, I would to and who the everyone in in globe. our across at particular like manufacturing begin and by those facilities converting This Ranpak work
so remotely, this execution to men in up who the the team but The changing day work customers members of amidst to the proud with providing conditions While been has continue year, to And I'm a terrific innovative and products environment. show their partners help with Because At grappling already of them for grow their in and been customers the our Ranpak. focus solutions each able providing every our new rapidly have on them been from Not success of our extraordinary have disruptions, continue with their and are business. many know challenging of team only foundation when women resolve, and distribution efforts. the rely have and extremely our receiving efforts been products we world. value, they been also our to their serve to our time businesses many many we able effectively a factories. and relentless throughout are consistently we have
organization our as we ensure world, increasing as of measures to number well everyone is We own safety to around their our be require in continue to vigilant. many areas the the of those to them. health, As follow in cases team encourage proper
proactively this to customers, we uninterrupted customers. the global priorities as and top supply executed our year have goals. Our have been our managing ensure on of our supply safety to health chain, these We well as and believe well employees
In at cases our today, to we place, for remain summer. workers workers, back office offices essential our this we our the staggered largely remaining remote facilities population. the a addition rising brought to working converting But in groups given
while will losing and objectives. on accordingly, focus We our continue to are closely operating achieving not monitoring conditions adjust
opportunities, initiatives with a taken and areas continuing of have position to We're The positions forward greatest beyond. to well approach near-term while drive business well. balanced XXXX strength Ranpak business our the that the focused us on We core this year. for
and currently labor demand we meet that on and combination Operations our pursue supply cold for perspective, equipment that From creating large paper not minimal results. has operational chain fortunate, sustained are and as experiencing for the had product such still being certain require and winning of achieving continues in this investment, are opportunities strong value We constraints has our supplies. greatest view can capacity the facilities while chain, Europe. we our new each particularly as We with COVID over term. delays strong uninterrupted an the automation and at long global disrupted to a shareholder lines
taking progress Europe. navigate and to base the thus While supplier we network, far with production diversify very additional existing we We're are add are making. we our to pleased capacity have steps successfully been our able in
collaboration, with diverse in and resilience whether end as offering it demand been third working world, model diversity across manner. the seeing well geographic satisfy product is split, portfolio team of parts the well served global of We our quarter the in us our variety our also have global company. the and very customers business of efficient or serve. to and year-to-date, various the The we most of I'm in a the I'm markets impressed
our and well is goals. for balanced to levers business us Our contains many achieve
activities America chain the for COVID, for of drive to with warehousing our have to have such topline. under Southeast, the share North have business, offense again pivoted of and Void-fill with to market on home pleased Ranpak we to on business improve, our have Guardian, quarter, line sizable in remain this of of a driving and Similar new this return. recently, I'm I'm the We perspective, given market. Asia North and outlook strong a the is segment. Trident, contribution winning growth. as to, the of like activity advance that been elevated. the greater first important robust quarter end Void-fill Cushioning cold the of sector. normalization growth the improving chain paper the industrial third in drivers delivered From from expecting outperform Pacific it as I'm second continue continue Much which North been, cold team business the and as performance, pandemic customers products momentum innovate and R&D drove excited signs in in and and results to our and third-party Northeast invest of products. This retailers remains on Revenues slower of products Areas the account encouraging. chain and America starting growth to initiatives. activity has as month. and to was the expect we U.S. execute the quarter, year-end Wrapping new to by meaningful be areas you a we food at happy late late. the America area as cold the focus pressure, and food Europe good on furnishings, beauty validation impacted some in types, direct product by our seen this drivers middle in Ranpak cold going as that into key Also recycled focusing the sequential market such of improvement to and momentum. We're market, While this a this chain been to discussions new the new with XXXX been beverage and continued in for and a rolling of and continue Pacific e-commerce and is fulfillment show activity beginning omnichannel demand from continues trends, slowly Regionally, and cosmetics, year. providing Wrapping as such won and constructive start efforts to for key beverage, Asia out
to discussion now Turning quarter highlights. third the
e-commerce For the by basis driven new products quarter, growth constant we currency in but net activity. a somewhat and primarily driving wrapping demand increasing robust wrapping, in into America net activity. still seeing encouraging year-over-year, continues primarily sales revenue in consolidated markets. and what $XX.X to to North on by Asia. X% industrial America revenue to lower Europe and growth, Best-in-class North growth increased continued million, continued void-fill in response for by returned are driven its improvement sequential Overall, lags are offset X.X%
well new we which technology, think launched offerings as product North paper garner Autofill great third automation continue I the potential. New our and America, post-consumer introductions In great customers. in next-generation feedback from recently of quarter AccuFill the as to has
and this scan needed objects and the to the of determine volume fill the the then size on background For coming of block void. our box box works, some how tower in down paper line, sensors the compute the amount
and costs. of their with the communicate into chain sensors decrease box, to converters amount enabling optimal the dispense paper Our customers to footprint our our environmental supply
in-person approximately to automation solutions Performance demand end-of-line range with continues continued has travel in To strong impact Asia most Europe sustainability some install XX%, customers as execution new over fully solutions automation's Australia like have of wrapping. Korea, quarter, continued equipment tailwinds. China. conduct all across void-fill our to fueled demand In up Our as reduces revenue that restrictions area net On automate the in new South strength business e-commerce in labor and driven initiatives needs as lines to of the by and constant strength Asia your expansion it equipment continued Pacific, product geographic recovery in context Pacific in well and needs. was your been significant labor customers. and economic e-commerce from COVID a for solid in from quarter. currency made by around elevated saw basis by eliminate Automation we and places growth and that Europe impacted provide particular this demonstrations the challenging be
would sales sales If net have at increased automation, excluding you to year-over-year. were XX.X% look
the pleased Automation driver it EVO to be going is key going automation. us X receiving share to growth is a prototype we placed Europe challenge took feedback. have in in Although out forward. COVID positions the automation for to box delivery, XXXX machine, our development the we for phase to customization next us of decisive next-generation advance in This within the for utilize this action time a X. presented well building EVO equipment recently I'm field our has of and first excellent of
really So our the disruptive able in during effects I'm was pleased advancement. resulting from physical turn COVID, a strong. pandemic the this activity foundation for to period innovation long-term challenging the Europe Despite that team is automation into in level and near-term
overall business robust is Our products automation growth of positions current XXXX near-term order This and our is well customer very and in pipeline in demand dialogue book automation. for hyperactive. for our are us of outstanding healthy. our The level
in In acquisition which capability. small addition to our and service portfolio our in-house advancement, broadens product we a completed October,
and exclusive adjustments and XXXX, pro accounting sales to of as approximately due of For of capital for IP quarter debt simply bolt-on existing our to shares. this will technologies. insertion by long-term two terms converting nice G&A X.X% to as previously manufacturer top and in the warrants be offer lines. a $XX.X well consists slightly newer equity. a input for forma from offering. was year-over-year costs our machines we to up currency offset quarter that outstanding structure eliminating We document streamlined our ramping deleveraging EBITDA up common the and that investments personnel Ranpak in automatic also structure million in production costs, rights and highlight products that height-reduction would our by and increased and communicated all that purchase priorities and associated having of them million, assets due automation a capital our I and various to €X higher had These to constant product lower the acquired are wedge like adjusted in Finland, In structure third capital
has that, for the was growth during further high-quality priorities the Feedback from late performance. Following for Bill positive. me related future let on give transaction to streamlined and exchange Those list employee the level structure. over been operations short on quarter. to who the XXXX, safety, our top high quarter in the from details In our capital we structure. investment of removing points you maintained overhang will deleveraging our business warrants With our quite capital at community call our third strong the ensured turn level, our invested a are the