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Sep 30, 2020
Ranpak Q3 2020 Earnings Report
Reported third quarter 2020 financial results, with net revenue increasing and packaging system placements rising.
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.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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