NYSE$PACK
Ranpak Holdings Corp · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Ranpak's Q2 2021 financial results were reported, showcasing significant growth in net revenue and profitability.
Ranpak Holdings Corp. reported a strong second quarter in 2021, with net revenue increasing by 36.2% year-over-year to $90.0 million. Adjusted EBITDA also grew significantly, up 34.7% on a constant currency basis to $25.6 million. The company experienced robust demand for all protective packaging products, driven by e-commerce activity and a growing focus on sustainability.
- Packaging system placements increased by 12.9% year-over-year, reaching approximately 123,600 machines as of June 30, 2021.
- Net revenue increased by 36.2%, or 29.1% on a constant currency basis, reaching $90.0 million.
- The company experienced a net loss of $5.2 million, an improvement compared to the net loss of $8.5 million in the same quarter of the previous year.
- Adjusted EBITDA increased by 34.7% to $25.6 million for the quarter ended June 30, 2021.
Headline financials
Revenue & EPS history
Ranpak · Revenue · Quarterly
$90M
Revenue by segment
Ranpak · $85.9M total across 3 segments · Q2 2021
- Cushioning$38.3M+44.0%44.6%
- Void-Fill$35.5M+20.7%41.3%
- Wrapping$12.1M+51.2%14.1%
Forward guidance
Ranpak anticipates continued strong growth in 2021, surpassing initial expectations due to increased demand and strength in end markets, despite challenging second-half comparisons from a robust 2020 performance.
Tailwinds
- Expects to continue to deliver strong growth in 2021.
- Anticipates finishing with a record year.
- Benefiting from e-Commerce growth.
- Increased automation adoption.
- Growing consumer awareness of plastic and foam in supply chains.
Headwinds
- Challenging second half comparisons due to robust 2020 performance.
- Potential inability to secure sufficient paper supply.
- Impact of kraft paper prices on results of operations.
- Reliance on third-party suppliers.
- COVID-19 pandemic and associated response.
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 Q2 2021
-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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