NYSE$PACK

Ranpak Holdings Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported third quarter 2020 financial results, with net revenue increasing and packaging system placements rising.

Ranpak Holdings Corp reported an 11.1% increase in net revenue and an 8.1% increase on a constant currency basis for the third quarter of 2020. The company's packaging system placements increased by 10.6% year over year. However, the company reported a net loss of $6.1 million, compared to a net loss of $1.6 million in the same quarter of the previous year.

  • Business continuity was not impacted by the ongoing COVID-19 pandemic, with all facilities remaining operational.
  • Packaging System placement increased 10.6% year over year to approximately 113,100 machines.
  • Net revenue increased 11.1% year over year, and 8.1% year over year on a constant currency basis.
  • Adjusted EBITDA of $23.7 million is up 7.7%, or $1.7 million year over year.

Headline financials

Total Revenue

$76.8M

Previous: $69.1M+11.1%
EPS (adj)

-$0.08

Previous: -$0.03-166.7%
Adjusted EBITDA

$23.7M

Previous: $22M+7.7%
Total PPS Systems

113.1K

Previous: 102.3K+10.6%
Capital Expenditures

-$25M

Previous: -$10.5M-138.1%
Free Cash Flow

-$31.1M

Previous: -$12.1M-157.0%
Net Income

-$6.1M

Previous: -$1.6M-281.3%
Operating Income

$2.8M

Previous: $1M+180.0%
Gross Profit

$30.2M

Previous: $29.5M+2.4%
Cash & Equivalents

$31.3M

Previous: $13.6M+130.1%
Total Assets

$1.12B

Previous: $1.07B+5.2%

Revenue & EPS history

Ranpak · Revenue · Quarterly

$76.8M

Q3 2020+11.1%vs Q3 2019
Beat estimate in 5 of 9 quarters(56%)
ActualEstimate

Revenue by segment

Ranpak · $75.2M total across 3 segments · Q3 2020

  • Void-Fill
    $33.3M+17.3%
  • Cushioning
    $31.8M+1.6%
  • Wrapping
    $10.1M+53.0%

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 Q3 2020

Historical avgQ3 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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