NYSE$PACK

Ranpak Holdings Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Ranpak's financial performance was impacted by the energy crisis in Europe, inflationary pressures, and shifting consumer patterns.

Ranpak reported a decrease in net revenue by 19.9% year-over-year to $77.8 million, with a net loss of $8.7 million compared to a net loss of $1.4 million in the same quarter of the previous year. Constant currency Adjusted EBITDA was $16.6 million, down 41.8% year-over-year. Packaging system placements increased by 7.3% year-over-year, reaching approximately 138,600 machines.

  • Packaging system placements increased 7.3% year-over-year to approximately 138,600 machines as of September 30, 2022.
  • Net revenue decreased 19.9% year-over-year to $77.8 million.
  • Net loss was $8.7 million, compared to a net loss of $1.4 million in the same quarter last year.
  • Constant currency Adjusted EBITDA was $16.6 million, a decrease of 41.8% year-over-year.

Headline financials

Total Revenue

$77.8M

Previous: $97.1M-19.9%
EPS (adj)

-$0.11

Previous: -$0.02-450.0%
Adjusted EBITDA

$16.6M

Previous: $28.5M-41.8%
Total PPS Systems

138.6K

Previous: 129.2K+7.3%
Capital Expenditures

-$34M

Previous: -$40.6M+16.3%
Free Cash Flow

-$42.7M

Previous: -$42M-1.7%
Net Income

-$8.7M

Previous: -$1.4M-521.4%
Operating Income

-$11.7M

Previous: $2.3M-608.7%
Gross Profit

$24.4M

Previous: $38M-35.8%
Cash & Equivalents

$61.3M

Previous: $110M-44.5%
Total Assets

$1.14B

Previous: $1.22B-6.7%

Revenue & EPS history

Ranpak · Revenue · Quarterly

$77.8M

Q3 2022-19.9%vs Q3 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Ranpak · $74.3M total across 3 segments · Q3 2022

  • Cushioning
    $33.4M-18.3%
  • Void-Fill
    $31.3M-20.8%
  • Wrapping
    $9.6M-23.8%

Forward guidance

Ranpak did not provide specific forward guidance in this earnings report.

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 2022

Historical avgQ3 2022

-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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