Ranpak Holdings Corp

NYSE:PACKUnited States

Oct 31, 2024

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• -- Earnings Flash (PACK) RANPAK HOLDINGS Reports Q3 Revenue $92.2M, from 7:35AM ET on Thursday Oct 31, 2024 by MT Newswires

  7:35AM ET on Thursday Oct 31, 2024 by MT Newswires
  Companies Mentioned: PACK
  07:35 AM EDT, 10/31/2024 (MT Newswires) -- ...

• -- Earnings Flash (PACK) RANPAK HOLDINGS Reports Q3 Loss $-0.10 Per Share, from 7:34AM ET on Thursday Oct 31, 2024 by MT Newswires

  7:34AM ET on Thursday Oct 31, 2024 by MT Newswires
  Companies Mentioned: PACK
  07:34 AM EDT, 10/31/2024 (MT Newswires) -- ...

• *DJ Ranpak Holdings 3Q Loss $8.1M >PACK, from 7:30AM ET on Thursday Oct 31, 2024 by Dow Jones

  7:30AM ET on Thursday Oct 31, 2024 by Dow Jones
  Companies Mentioned: PACK

• Ranpak Holdings Corp. Reports Third Quarter 2024 Financial Results, from 7:30AM ET on Thursday Oct 31, 2024 by Dow Jones

  7:30AM ET on Thursday Oct 31, 2024 by Dow Jones
  Companies Mentioned: PACK
  severance 5.8 Stock-based compensation expense 4.7 Amortization of cloud-based software implementation costs(3) 2.7 Cloud-based software implementation costs 2.0 SOX remediation 4.1 Gain on sale of patents (5.4) Patent litigation settlement (17.2) Unrealized loss on strategic investments 0.4 Other adjustments 4.2 ------- Constant currency AEBITDA $ 61.1 ======= Ranpak Holdings Corp. Non-GAAP Financial Data Reconciliation of GAAP Statement of Income Data to Non-GAAP Constant Currency Statement of Income Data, Constant Currency EBITDA, and Constant Currency AEBITDA (in millions) For the Nine Months Ended September 30, 2023 Please refer to our discussion and definitions of Non-GAAP financial measures, including Non-GAAP Constant Currency Nine Months Ended September 30, 2023 ---------------------------------------------------- Constant As reported Currency(4) Non-GAAP ------------------- ------------------ ----------- Net revenue $ 245.9 $ 9.2 $ 255.1 Cost of goods sold 156.7 5.6 162.3 ---- --------- --- --------- ------- Gross profit 89.2 3.6 92.8 Selling, general and administrative expenses 64.4 2.1 66.5 Depreciation and amortization expense 24.2 0.4 24.6 Other operating expense, net 3.5 -- 3.5 ---- --------- --- --------- ------- Loss from operations (2.9) 1.1 (1.8) Interest expense 18.4 0.2 18.6 Foreign currency loss 0.2 0.1 0.3 Other non-operating (income) expense, net (0.8) 1.2 0.4 ---- --------- --- --------- ------- Loss before income tax benefit (20.7) (0.4) (21.1) Income tax benefit (2.9) (0.4) (3.3) ---- --------- --- --------- ------- Net loss $ (17.8) $ -- $ (17.8) ==== ========= === ========= ======= Constant currency-effected add(1) : Depreciation and amortization expense -- COS $ 25.9 Depreciation and amortization expense -- D&A 24.6 Interest expense 18.6 Income tax benefit (3.3) ------- Constant currency EBITDA 48.0 ------- Constant currency-effected adjustments(2) : Foreign currency loss 0.3 Non-cash impairment losses 1.0 M&A, restructuring, severance 3.1 Stock-based compensation expense (12.0) Amortization of cloud-based software implementation costs(3) 2.3 Cloud-based software implementation costs 3.1 SOX remediation 3.4 Other adjustments 2.9 ------- Constant currency AEBITDA $ 52.1 ======= (1) Reconciliations of EBITDA and constant currency AEBITDA for each period presented are to net (loss) income, the nearest GAAP equivalent. (2) Adjustments are related to non-cash unusual or infrequent costs such as: effects of non-cash foreign currency remeasurement or adjustment; impairment of returned machines; costs associated with the evaluation of acquisitions; costs associated with executive severance; costs associated with restructuring actions such as plant rationalization or realignment, reorganization, and reductions in force; costs associated with the implementation of the global ERP system; and other items deemed by management to be unusual, infrequent, or non-recurring. (3) Represents amortization of capitalized costs related to the implementation of the global ERP system, which are included in SG&A. (4) Effect of Euro constant currency adjustment to a rate of EUR1.00 to $1.15 on each line item.