NYSE$PACK
Ranpak Holdings Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Ranpak's Q1 2022 financial results were reported, showing a decrease in net revenue and a net loss compared to the previous year, impacted by the ERP system transition and global challenges.
Ranpak Holdings Corp. reported a 5.9% year-over-year decrease in net revenue to $82.5 million for Q1 2022, with a net loss of $14.1 million compared to a net income of $6.3 million in the same quarter of the previous year. The results were impacted by the transition to a new ERP system and global economic factors. The company is implementing pricing actions to offset input cost inflation and expects improved performance in the remainder of the year.
- Packaging System placement increased by 11.4% year-over-year, reaching approximately 134,500 machines.
- Net revenue decreased by 5.9% year-over-year, or 1.3% on a constant currency basis.
- The company reported a net loss of $14.1 million, a significant decrease compared to the net income of $6.3 million in the prior year.
- Constant currency Adjusted EBITDA was $19.1 million, down 31.8% year-over-year.
Headline financials
Revenue & EPS history
Ranpak · Revenue · Quarterly
$82.5M
Revenue by segment
Ranpak · $78.4M total across 3 segments · Q1 2022
- Cushioning$35.6M-10.3%45.4%
- Void-Fill$31.8M-7.3%40.6%
- Wrapping$11M-5.2%14.0%
Forward guidance
Ranpak updated its full year 2022 guidance, maintaining net revenue growth forecast in the area of 13% to 18% on a constant currency basis, while lowering Adjusted EBITDA growth estimates to -2.5% to 6%.
Tailwinds
- Demand for products across the globe remains solid.
- The majority of operating issues experienced following ERP go-live have been resolved.
- The company is in the process of right sizing its price - cost structure.
- The company will soon begin to experience the benefits of the new systems.
- Key tailwinds of Sustainability and Automation continue to pick up steam.
Headwinds
- The company experienced headwinds in Q1.
- There is uncertainty driven by Europe.
- There are potential impacts of inflationary pressures across the globe.
- Adjusted EBITDA growth estimates were lowered to -2.5% to 6%.
- Volumes being negatively impacted by the SAP transition and trucker reliability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.5%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+4.7%
Avg return
30 days after
42%
14 / 33 earnings
Positive
+45.4%
Q4 2023
Best reaction
-29.1%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +29.2% | +50.0% | +74.1% | |
| Q4 2025 | -1.3% | -6.0% | -34.0% | |
| Q3 2025 | -17.5% | -5.4% | -11.5% | |
| Q1 2025 | -29.1% | -21.0% | -19.6% | |
| Q4 2024 | +2.6% | -6.1% | -36.9% | |
| Q3 2024 | +3.0% | +7.9% | +31.4% | |
| Q2 2024 | +7.5% | +6.5% | -1.8% | |
| Q1 2024 | -8.2% | -2.7% | -14.9% | |
| Q4 2023 | +45.4% | +64.7% | +62.5% | |
| Q3 2023 | -23.8% | -17.3% | +16.1% | |
| Q2 2023 | +15.0% | -6.9% | +7.1% | |
| Q1 2023 | -23.2% | -19.8% | -9.7% | |
| Q4 2022 | +7.7% | +7.9% | -2.8% | |
| Q3 2022 | +15.8% | +37.6% | +50.3% | |
| Q2 2022 | -25.5% | -27.6% | -16.9% | |
| Q1 2022 | -20.0% | -26.5% | -15.5% | |
| Q4 2021 | -8.4% | -13.1% | -17.0% | |
| Q3 2021 | +9.8% | +13.6% | +24.1% | |
| Q2 2021 | -1.9% | -0.6% | +16.9% | |
| Q1 2021 | +4.0% | -3.5% | -0.9% | |
| Q4 2020 | +8.9% | +16.1% | +10.7% | |
| Q3 2020 | +8.3% | +21.0% | +30.4% | |
| Q2 2020 | -3.9% | -1.2% | +5.2% | |
| Q1 2020 | +0.1% | -14.1% | +0.1% | |
| Q4 2019 | +1.4% | -3.1% | -16.5% | |
| Q3 2019 | -2.4% | +0.0% | -2.5% | |
| Q2 2019 | -8.5% | -0.7% | +32.5% | |
| Q1 2019 | -0.3% | -0.7% | -9.2% | |
| Q4 2018 | -0.1% | -0.2% | +0.9% | |
| Q2 2018 | -0.1% | -0.2% | +0.9% | |
| Q3 2018 | +0.0% | +0.0% | +0.3% | |
| Q4 2017 | -0.2% | -0.2% | +0.4% | |
| Q1 2018 | -0.2% | -0.2% | +0.4% | |
| Q3 2017 | — | — | — |
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