NYSE$PACK

Ranpak Holdings Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2020 financial results, demonstrating revenue growth and strategic investments.

Ranpak Holdings Corp. reported a strong fourth quarter and full year 2020, with net revenue increasing by 18.3% year over year. The company's focus on employee health and safety, strategic investments, and commercial capabilities enhancement drove the positive results. Net loss for the quarter was $5.2 million, while Adjusted EBITDA reached $33.0 million, representing a 36.6% margin.

  • Packaging system placements increased by 12.2% year over year, reaching approximately 117,400 machines.
  • Net revenue for the fourth quarter increased by 18.3% year over year, or 13.9% on a constant currency basis.
  • Adjusted EBITDA for the fourth quarter increased by 14.6% year over year to $33.0 million, with a margin of 36.6%.
  • The company is focused on enhancing protective packaging capabilities, investing in automation, and expanding Ranpak’s portfolio.

Headline financials

Total Revenue

$91.9M

Previous: $77.7M+18.3%
EPS (adj)

-$0.07

Previous: -$0.06-16.7%
Adjusted EBITDA

$33M

Previous: $28.8M+14.6%
Total PPS Systems

117.4K

No prior period
Capital Expenditures

$7.3M

Previous: $19.2M-62.0%
Free Cash Flow

$18.7M

Previous: -$9.6M+294.8%
Net Income

-$5.2M

Previous: -$5.7M+8.8%
Operating Income

$11.6M

Previous: $12.2M-4.9%
Gross Profit

$38.6M

Previous: $32.9M+17.3%
Cash & Equivalents

$48.5M

Previous: $19.7M+146.2%
Total Assets

$1.13B

Previous: $1.1B+2.6%

Revenue & EPS history

Ranpak · Revenue · Quarterly

$91.9M

Q4 2020+18.3%vs Q4 2019
Beat estimate in 5 of 9 quarters(56%)
ActualEstimate

Revenue by segment

Ranpak · $90.7M total across 3 segments · Q4 2020

  • Cushioning
    $39.6M
  • Void-Fill
    $38.2M
  • Wrapping
    $12.9M

Forward guidance

In 2021, Ranpak anticipates strong operating and financial performance, driven by strategic vision execution, enhancement of protective packaging capabilities, automation investments, and portfolio expansion. The company expects to reinvest cash flow to meet the growing demand for environmentally friendly protective packaging solutions.

Tailwinds

  • Net Revenue growth in the area of 10 – 13% on a constant currency basis.
  • AEBITDA growth of 8% – 10%.
  • Constant Currency Net Revenue to reach $329 – $338 million.
  • AEBITDA to reach $101 – $103 million.
  • Continued execution on strategic vision

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 Q4 2020

Historical avgQ4 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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