NYSE$PACK
Ranpak Holdings Corp · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Ranpak's third quarter results were reported, showing strong revenue growth and increased packaging system placements.
Ranpak Holdings Corp. reported a strong third quarter in 2021, with net revenue increasing by 26.4% year-over-year to $97.1 million. The company experienced a net loss of $1.4 million, an improvement compared to the $6.1 million net loss in the same quarter of the previous year. Adjusted EBITDA increased by 20.3% to $28.5 million.
- Packaging system placements increased by 14.2% year-over-year, reaching approximately 129,200 machines.
- Net revenue increased by 26.4%, or 25.6% on a constant currency basis.
- Net loss decreased to $1.4 million from $6.1 million in the prior year.
- Adjusted EBITDA increased by 20.3% to $28.5 million.
Headline financials
Revenue & EPS history
Ranpak · Revenue · Quarterly
$97.1M
Revenue by segment
Ranpak · $93M total across 3 segments · Q3 2021
- Cushioning$40.9M+28.6%44.0%
- Void-Fill$39.5M+18.6%42.5%
- Wrapping$12.6M+24.8%13.5%
Forward guidance
The company expects to finish with a record year, driven by strategic investments in people, systems, automation, and material science, positioning them well for 2022 and beyond.
Tailwinds
- Strong revenue growth in North America and Europe/APAC.
- Benefit from strong industrial activity and consumption trends.
- Companies integrating sustainability into their packaging decisions.
- Robust growth in profitability as Adjusted EBITDA increased.
- Strong balance sheet provides flexibility and value creation activities.
Headwinds
- Challenging comparison due to exceptional profitability in Q4 2020.
- Potential inability to secure a sufficient supply of paper.
- 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 Q3 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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