Ranpak Earnings Reports

Ranpak achieved 16% revenue growth YoY, reaching $105.0 million in Q4 2024. The company reduced its net loss to $8.0 million from $9.3 million a year ago. Adjusted EBITDA increased by 8% to $25.3 million, driven by strong e-commerce activity and increased adoption of paper-based protective packaging solutions.

Ranpak Holdings Corp. reported an 11.4% increase in net revenue to $92.2 million for the third quarter of 2024, driven by a 14.7% volume increase from e-commerce. Constant Currency Adjusted EBITDA increased by 13.9% to $20.5 million. The company's net loss was $8.1 million, compared to a net loss of $3.3 million in the prior year period.

Ranpak Holdings Corp. reported a 5.5% increase in net revenue to $86.4 million for the second quarter of 2024, driven by an 8.8% volume increase. Net income was $5.5 million compared to a net loss of $2.1 million in the prior year period. Constant Currency Adjusted EBITDA increased 7.4% year over year to $20.4 million.

Ranpak Holdings Corp. reported a 5.0% increase in net revenue to $85.3 million for Q1 2024, driven by volume growth and automation. The company's constant currency Adjusted EBITDA rose by 33.8% to $20.2 million, with gross margin expansion of 400 bps to 37.9%.

Ranpak's Q4 2023 net revenue increased by 13.9% year-over-year to $90.4 million, or 10.3% on a constant currency basis to $93.9 million. The company experienced a net loss of $9.3 million, compared to a net loss of $7.3 million in the prior year period. Constant currency Adjusted EBITDA increased by 89.1% to $24.4 million.

Ranpak Holdings Corp. reported a 6.4% year-over-year increase in net revenue for the third quarter of 2023, reaching $82.8 million. The company's net loss decreased to $3.3 million compared to $8.7 million in the prior year. Adjusted EBITDA increased by 8.4% year-over-year to $18.0 million.

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.

Ranpak Holdings Corp reported a decrease in net revenue by 1.6% year over year to $81.2 million, but an increase of 1.1% on a constant currency basis to $84.8 million. The company experienced a net loss of $12.4 million, an improvement from the $14.1 million loss in the first quarter of the previous year. Adjusted EBITDA on a constant currency basis was $15.1 million, down 20.9% year over year. Packaging system placements increased by 3.8% to approximately 139,600 machines.

Ranpak reported a decrease in net revenue by 27.2% year-over-year to $79.4 million for the fourth quarter of 2022. The company experienced a net loss of $7.3 million, compared to a net loss of $2.5 million in the same quarter of the previous year. Constant currency Adjusted EBITDA decreased by 63.9% to $12.9 million.

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.

Ranpak Holdings Corp. reported a decrease in net revenue by 3.6% year over year, but an increase of 4.0% on a constant currency basis. The company experienced a net loss of $11.3 million, compared to a net loss of $5.2 million in the previous year. Constant currency Adjusted EBITDA was $18.2 million, down 28.9% year over year. The Board of Directors authorized a common equity share repurchase plan of up to $50.0 million over three years.

Ranpak Holdings Corp. reported a 5.9% year-over-year decrease in net revenue to $82.5 million for Q1 2022, with a net loss of $14.1 million compared to a net income of $6.3 million in the same quarter of the previous year. The results were impacted by the transition to a new ERP system and global economic factors. The company is implementing pricing actions to offset input cost inflation and expects improved performance in the remainder of the year.

Ranpak Holdings Corp. reported a strong fourth quarter with net revenue increasing by 21.3% year over year on a constant currency basis to $109.4 million. Adjusted EBITDA increased by 8.2% on a constant currency basis to $35.7 million, resulting in a margin of 32.6%. The company's performance reflects strong industrial activity, consumption trends, and a growing focus on sustainability in supply chains.

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.

Ranpak Holdings Corp. reported a strong second quarter in 2021, with net revenue increasing by 36.2% year-over-year to $90.0 million. Adjusted EBITDA also grew significantly, up 34.7% on a constant currency basis to $25.6 million. The company experienced robust demand for all protective packaging products, driven by e-commerce activity and a growing focus on sustainability.

Ranpak Holdings Corp. reported a strong start to 2021 with a 38.3% increase in net revenue to $87.7 million and a 54.7% increase in Adjusted EBITDA to $28.0 million.

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.

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.

Ranpak Holdings Corp reported a 16.8% increase in net revenue and a 13.1% increase in Adjusted EBITDA for the second quarter of 2020. The company's packaging systems placement also increased by 9.2% year over year.

Ranpak's first quarter net sales decreased by 4.1% to $63.4 million, primarily driven by a decrease in the volume of paper consumable products. Adjusted EBITDA decreased 8.1% to $18.1 million. The company is withdrawing its guidance due to the uncertainty of the pandemic.

Ranpak Holdings Corp reported a 2.2% increase in net sales to $77.7 million for the fourth quarter of 2019, driven by growth in cushioning and wrapping solutions. Adjusted EBITDA increased by 15.8% to $28.8 million, with a margin expansion of 320 bps compared to the same period in 2018.