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Mar 31, 2021
Ranpak Q1 2021 Earnings Report
Reported strong first quarter results driven by revenue growth and increased profitability.
Key Takeaways
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.
Packaging system placements increased by 12.9% year-over-year, reaching approximately 120,700 machines.
Net revenue increased by 38.3%, or 31.2% on a constant currency basis.
Net income was $6.3 million, a significant improvement from a net loss of $3.6 million in the previous year.
Adjusted EBITDA increased by 54.7% to $28.0 million.
Ranpak
Ranpak
Ranpak Revenue by Segment
Forward Guidance
The company anticipates robust tailwinds in the business, driven by customer trends and the macro environment, and plans to continue investing in sustainability and automation.
Positive Outlook
- Robust tailwinds in the business
- Positive customer trends
- Positive macro environment
- Continued investment in sustainability
- Continued investment in automation
Revenue & Expenses
Visualization of income flow from segment revenue to net income