NYSE$PACK
Ranpak Holdings Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Ranpak reported a decrease in net revenue but an increase in adjusted EBITDA for Q2 2023.
Ranpak Holdings Corp. reported a 5.6% year-over-year decrease in net revenue for the second quarter of 2023, but experienced a 4.4% year-over-year increase in Adjusted EBITDA. Gross margins improved significantly due to a better input cost environment. The company is focused on maximizing cash generation and extracting efficiencies from recent investments.
- Packaging systems placement increased by 3.1% year-over-year, reaching approximately 140,700 machines.
- Net revenue decreased by 5.6% compared to the previous year.
- Net loss was $2.1 million, an improvement from the $11.3 million net loss in the prior period.
- Adjusted EBITDA increased by 4.4% year-over-year.
Headline financials
Revenue & EPS history
Ranpak · Revenue · Quarterly
$81.9M
Revenue by segment
Ranpak · $76.1M total across 3 segments · Q2 2023
- Cushioning$36.6M-4.2%48.1%
- Void-Fill$31.1M-9.3%40.9%
- Wrapping$8.4M-17.6%11.0%
Forward guidance
Ranpak is focused on maximizing cash generation through increased volumes and minimizing additional spend. The company expects volume environment to improve, but the timing of that recovery remains unclear given the general macro environment.
Tailwinds
- State of the art systems and technology
- Full new slate of new product introductions
- Brand new facilities to support growth ambitions
- Team is focused mainly on extracting efficiencies
- Gaining productivity in those areas that are within their control
Headwinds
- Consumers continue to allocate their spend towards experiences and services rather than goods
- European economy remains impacted by the war and inflation
- Volume environment remained challenging
- The timing of that recovery remains unclear given the general macro environment
- Environment remains inconsistent
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 2023
-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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro