NYSE$PACK
Ranpak Holdings Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported first quarter 2024 financial results, showing revenue increase and profitability improvement.
Ranpak Holdings Corp. reported a 5.0% increase in net revenue to $85.3 million for Q1 2024, driven by volume growth and automation. The company's constant currency Adjusted EBITDA rose by 33.8% to $20.2 million, with gross margin expansion of 400 bps to 37.9%.
- Packaging system placements increased 0.9% year over year to approximately 140,800 machines.
- Net revenue increased 5.0%, with a 4.4% increase adjusting for constant currency.
- Net loss was $8.1 million, compared to a net loss of $12.4 million in the prior year period.
- Constant currency Adjusted EBITDA increased 33.8% to $20.2 million.
Headline financials
Revenue & EPS history
Ranpak · Revenue · Quarterly
$85.3M
Revenue by segment
Ranpak · $78M total across 3 segments · Q3 2023
- Cushioning$35.7M+6.9%45.8%
- Void-Fill$34.2M+9.3%43.8%
- Wrapping$8.1M-15.6%10.4%
Forward guidance
While challenging macro conditions persist, Ranpak anticipates that strategic account initiatives in North America and the momentum in Automation will drive volumes and solid growth for the year.
Tailwinds
- Continued volume growth
- Profitability improvement
- Favorable input cost environment
- Gross margin expansion
- Growth in Automation
Headwinds
- Challenging macro conditions driven by higher rates
- Inflationary pressures persist for consumers and corporates
- Decreases in cushioning
- Decreases in wrapping
- General challenging macro conditions
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 2024
-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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