Ranpak Q3 2020 Earnings Report
Key Takeaways
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.
Business continuity was not impacted by the ongoing COVID-19 pandemic, with all facilities remaining operational.
Packaging System placement increased 10.6% year over year to approximately 113,100 machines.
Net revenue increased 11.1% year over year, and 8.1% year over year on a constant currency basis.
Adjusted EBITDA of $23.7 million is up 7.7%, or $1.7 million year over year.
Ranpak
Ranpak
Ranpak Revenue by Segment
Ranpak Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income