Ranpak Q2 revenue up 6.8% but misses estimates, net loss narrows
Overview
Ranpak Q2 revenue rises 6.8% yr/yr, but misses analysts' expectations
Net loss narrows to $7.5 mln, beats analysts' estimates
Adjusted EBITDA down 15.8%, missing expectations
Outlook
Ranpak forecasts H2 2025 net revenue of $216 - $230 mln
Company expects H2 2025 AEBITDA of $44.5 - $54.5 mln
Ranpak sees 2025 Automation net revenue at $40 - $45 mln
Company anticipates 3-5% gross margin improvement in North America in H2 2025
Result Drivers
NORTH AMERICA E-COMMERCE - Revenue growth driven by strength in North American e-commerce
COST REDUCTION INITIATIVES - Company executed cost reduction initiatives including headcount reduction and logistics optimization
VOLUME DECLINE - AEBITDA affected by lower volumes in Europe and APAC, and higher production costs in North America
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $92.30 mln | $94.50 mln (3 Analysts) |
Q2 Net Income | Beat | -$7.50 mln | -$7.81 mln (2 Analysts) |
Q2 Adjusted EBITDA | Miss | $16.50 mln | $18.90 mln (2 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the paper packaging peer group is "buy"
Wall Street's median 12-month price target for Ranpak Holdings Corp is $6.00, about 41% above its August 4 closing price of $3.54
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