PACK Earnings Prediction
The chart below shows how PACK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PACK sees a -0.35% change in stock price 10 days leading up to the earnings, and a +17.46% change 10 days following the report. On the earnings day itself, the stock moves by +1.36%. This data can give you a slight idea of what to expect for the next quarter's release.
PACK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
92.20M
11.35%
6.71%
Gross Margin
28.42%
0.57%
4.95%
Operating Margin
-0.76%
-120.32%
-97.37%
Net Margin
-8.79%
120.30%
-237.99%
EPS
-0.10
-150.00%
-242.86%
No Data Available
PACK Earnings Analysis
Ranpak Holdings Corp. Corporation (PACK.N) Earnings Conference Call
Positive
Strong Revenue Increase: 1. Double-Digit Revenue Growth: Ranpak reported a 10.5% increase in net revenue year-over-year for Q3 2024, driven by a 14.7% rise in volumes, showcasing strong demand across its product lines.
North America Sales Surge: 2. Significant Volume Increase in North America: North American sales surged by 15.5% year-over-year, with volumes up 26.1%, primarily due to the transition from plastic to paper in e-commerce.
Adjusted EBITDA Increase: 3. Strong Adjusted EBITDA Growth: Adjusted EBITDA rose by 13.9% year-over-year to $20.5 million, reflecting a robust margin of 21.6%, indicating improved operational efficiency and profitability.
Cash Position Improvement: 4. Improved Cash Position: The company enhanced its cash position by $4.5 million from Q2, ending Q3 with a strong liquidity position of $69.5 million and no debt drawn from its revolving credit facility.
Automation Revenue Surge: 5. Increased Automation Revenue: Automation revenue grew by 40.7% year-over-year, contributing significantly to the overall revenue growth and indicating strong demand for integrated solutions.
Negative
Declining Gross Margin: 1. Weak Gross Margin: Gross profit increased by only 8.6% year-over-year, resulting in a gross margin of 37.5%, down from 38.2% in the prior year, indicating pressure from a mix shift towards lower-margin products.
Cushioning Business Decline: 2. Decline in Cushioning Business: The pressured industrial sector in Europe led to a slight decline in the cushioning business, negatively impacting overall performance despite growth in other segments.
Machine Placement Growth Decline: 3. Lower Machine Placement Growth: Machine placements increased by only 1.1% year-over-year, reflecting lower activity levels in the industrial and manufacturing sectors, which hindered growth in the machine field population.
Price Mix Challenges: 4. Negative Price Mix Impact: Despite a 14.7% increase in volumes, overall net revenue growth was offset by a negative price mix, primarily due to strategic account activity in North America, which affected profitability.
European Market Challenges: 5. Challenging European Market Conditions: The European industrial sector remains sluggish, with companies in Germany and Poland experiencing lower order levels for capital and consumer goods, contributing to a cautious outlook for the remainder of the year.
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PACK Earning Call Sentiment
Ranpak Holdings Corp. (PACK) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PACK.N
-3.81%Positive
The earnings call presents a positive outlook, with strong North American revenue growth, strategic account activity, and automation driving future potential. Although European challenges exist, the company shows resilience with improved EBITDA and cash position. The Q&A section reveals confidence in upcoming volume growth and strategic initiatives, despite vague responses about inventory impacts. Shareholder returns focus and reduced CapEx further enhance prospects. Overall, the sentiment is positive, suggesting a potential stock price increase of 2% to 8% over the next two weeks.
