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Ranpak Holdings Corp. Class A (PACK)
NYSE:PACK
Holding PACK?
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.11Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 13, 2019
|% Change Since: 7.42%
|Next Earnings Date:Apr 23, 2019
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth in North America and automation, improved financial metrics, and strategic account gains. However, it also noted challenges in Europe and Asia Pacific, pressure on gross margins, and weak industrial activity. Overall, the positive outcomes from strategic accounts and North American growth outweigh the challenges faced.Company Guidance
During the Ranpak Holdings Third Quarter Earnings Call for 2024, the company reported a strong performance with double-digit top-line growth and a 13.9% increase in adjusted EBITDA to $20.5 million, reflecting a 21.6% margin. The company's net revenue increased by 10.5% year-over-year on a constant currency basis, primarily driven by a 14.7% rise in volumes. North American sales saw a significant increase of 15.5%, supported by strategic account activity and automation growth, while Europe and Asia Pacific reported a 7% rise in constant currency sales. Machine placements rose modestly, with cushioning systems up 0.3%, void-fill systems up 1.3%, and wrapping machines increasing by 1.8%. The company continues to focus on maintaining a gross margin target of 37% to 38% for the year, while also reducing leverage, achieving a net debt to adjusted EBITDA ratio of 4x at the end of the quarter.Double-Digit Top Line Growth
Ranpak reported double-digit top line growth and adjusted EBITDA, marking the fifth consecutive quarter of higher volumes. North American sales increased by 15.5%, driven by strategic account-led void fill activity and growth in automation.
Strong Performance in Automation
Automation contributed to top line growth with a 40.7% year-over-year increase in Europe and APAC. Bookings in automation are up 60% year-over-year, and Q4 is expected to see record bookings.
Improved Financial Position
Net revenue increased by 10.5% year-over-year on a constant currency basis. Adjusted EBITDA rose by 13.9% to $20.5 million, with higher volumes and sales driving financial improvement. The company achieved a 4x net debt to adjusted EBITDA ratio, down from 4.6x at year-end 2023.
Strategic Account Activity
Strategic account activity remains a bright spot, with high volume growth and deepening relationships with key accounts. The company is positioned well for continued growth in 2025.
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PACK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PACK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $5.93 | $6.08 | +2.53% |
| Aug 01, 2024 | $7.22 | $8.49 | +17.59% |
| May 02, 2024 | $7.33 | $6.56 | -10.50% |
| Mar 11, 2024 | $4.37 | $6.63 | +51.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ranpak Holdings Corp. Class A (PACK) report earnings?
Ranpak Holdings Corp. Class A (PACK) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Ranpak Holdings Corp. Class A (PACK) earnings time?
Ranpak Holdings Corp. Class A (PACK) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PACK EPS forecast?
PACK EPS forecast for the fiscal quarter 2024 (Q4) is -0.03.
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