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Jun 30, 2020
Ranpak Q2 2020 Earnings Report
Reported second quarter 2020 financial results, demonstrating resilience and growth.
Key Takeaways
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.
Protective Packaging was considered an essential industry in all Ranpak areas of operation.
Packaging System placement increased 9.2% year over year to nearly 110,000 machines.
Net revenue increased 16.8% year over year, or 13.2% on a constant currency basis.
Net loss was $8.5 million, while Adjusted EBITDA was $19.0 million, up 13.1% year over year.
Ranpak
Ranpak
Ranpak Revenue by Segment
Revenue by Segment
Cushioning Revenue
CapyFin.comVoid-Fill Revenue
CapyFin.comWrapping Revenue
CapyFin.comOther Net Revenue
CapyFin.com Forward Guidance
The company is well positioned to continue the momentum in the second half of the year and beyond to achieve their growth objectives. Similar to the Global Financial Crisis, management believes this environment has highlighted the quality of their model and unique combination of growth opportunities coupled with strong defensive characteristics in times of economic stress.
Revenue & Expenses
Visualization of income flow from segment revenue to net income