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Dec 31, 2020
Ranpak Q4 2020 Earnings Report
Reported fourth quarter and full year 2020 financial results, demonstrating revenue growth and strategic investments.
Key Takeaways
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.
Packaging system placements increased by 12.2% year over year, reaching approximately 117,400 machines.
Net revenue for the fourth quarter increased by 18.3% year over year, or 13.9% on a constant currency basis.
Adjusted EBITDA for the fourth quarter increased by 14.6% year over year to $33.0 million, with a margin of 36.6%.
The company is focused on enhancing protective packaging capabilities, investing in automation, and expanding Ranpak’s portfolio.
Revenue by Segment
Forward Guidance
In 2021, Ranpak anticipates strong operating and financial performance, driven by strategic vision execution, enhancement of protective packaging capabilities, automation investments, and portfolio expansion. The company expects to reinvest cash flow to meet the growing demand for environmentally friendly protective packaging solutions.
Positive Outlook
- Net Revenue growth in the area of 10 – 13% on a constant currency basis.
- AEBITDA growth of 8% – 10%.
- Constant Currency Net Revenue to reach $329 – $338 million.
- AEBITDA to reach $101 – $103 million.
- Continued execution on strategic vision
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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