Reynolds Consumer Products

Reynolds Consumer Products, Inc. manufactures and sells household products. It operates through the following segments: Presto Products, Reynolds Cooking & Baking, Hefty Waste & Storage and Hefty Tableware. The Reynolds Cooking & Baking segment produces branded and store brand foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, plastic wrap, baking cups, oven bags and slow cooker liners. The Hefty Waste & Storage segment produces both branded and store brand trash and food storage bags. The Hefty Tableware segment sells both branded and store brand disposable and compostable plates, bowls, platters, cups and cutlery. The Presto Products segment sells store brand products in four main categories including food storage bags, trash bags, reusable storage containers and plastic wrap. The company was founded in 2010 and is headquartered in Lake Forest, IL.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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Reynolds Consumer Products reports record revenues and outlines growth strategies

Reynolds Consumer Products reported record net revenues in Q4 2022, with a focus on operational improvements and cost management to address challenges in the Cooking & Baking segment.
Despite EBITDA miss and competitive pressures, the company remains optimistic about growth prospects, supported by strong performance in other segments and strategic initiatives.
Maintaining profitability, driving efficiencies, and capitalizing on growth opportunities are key priorities for Reynolds in navigating market dynamics and achieving sustainable financial success.
With a clear roadmap for recovery and growth, Reynolds Consumer Products aims to leverage strengths, address challenges, and capitalize on opportunities to drive performance and shareholder value.

Reynolds Consumer Products reports Q1 revenue growth amidst cost challenges

Reynolds Consumer Products navigated Q1 2023 with revenue growth, though facing challenges from cost increases impacting profitability. The company's strategic focus on market share growth, innovation, and sustainability presents opportunities for future success.

Reynolds Consumer Products reports strong Q2 earnings and optimistic outlook

Reynolds Consumer Products reported strong Q2 performance, with a focus on growth and profitability through successful execution of recovery plans and ongoing innovation. Despite challenges in Q3 revenue projections and elasticity issues, the company remains optimistic about opportunities for growth and improved financial metrics.

Reynolds Consumer Products excels in Q3, eyes sustainability growth

Reynolds Consumer Products delivered strong Q3 results, highlighted by margin expansion and successful acquisitions. The company's focus on deleveraging, sustainable product development, and improved leverage positions it for continued growth. Challenges include revenue guidance concerns and competition disruptions, while opportunities exist in sustainability initiatives and upcoming Investor Day.

Reynolds Consumer Products excels in 2023, focuses on growth strategies

Reynolds Consumer Products reports strong 2023 performance with record profit and margin expansion despite challenges in consumer staples. The company aims to drive growth in 2024 through volume expansion, margin improvement, and cost management while emphasizing sustainability and innovation. Investor Day on March 19 in New York will further discuss growth strategies.

Reynolds Consumer Products surpasses Q1 expectations, eyes sustainable growth

Reynolds Consumer Products reported strong Q1 performance, exceeding expectations and showcasing positive business results. Despite consumer environment pressures, the company remains focused on growth strategies and achieving its 2024 financial objectives. With a commitment to innovation, sustainability, and financial discipline, Reynolds is poised for continued success.

Reynolds Consumer Products reports record Q2 earnings and growth opportunities

Reynolds Consumer Products delivered exceptional second-quarter results, showcasing strength in key segments and retail revenue growth. While facing margin challenges in Q4, the company remains focused on innovation and cost savings. Opportunities lie in attracting younger consumers, driving category growth, and capitalizing on the shift towards household essentials.

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Reynolds Consumer Products, Inc. engages in the manufacture and sale of household products. It operates through the following segments: Reynolds Cooking and Baking, Hefty Waste and Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking and Baking segment produces branded and store brand foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, plastic wrap, baking cups, oven bags and slow cooker liners. The Hefty Waste and Storage segment offers both branded and store brand trash and food storage bags. The Hefty Tableware segment sells both branded and store brand disposable and compostable plates, bowls, platters, cups and cutlery. The Presto Products segment focuses on store brand products in four main categories including food storage bags, trash bags, reusable storage containers, and plastic wrap. The company was founded in 2010 and is headquartered in Lake Forest, IL.

Reynolds Consumer Products (REYN) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.53 per share a year ago.

Reynolds Consumer Products (REYN) Tops Q4 Earnings Estimates

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) today reported financial results for the fourth quarter and fiscal year ended December 31, 2023. Fiscal Year 2023 Highlights Net Revenues of $3,756 million vs. $3,817 million in 2022 Retail net revenues of $3,559 million vs. $3,549 million in 2022 Non-retail net revenues of $197 million vs. $268 million in 2022 Net Income of $298 million vs. $258 million in 2022 Adjusted EBITDA of $636 million vs.

Reynolds Consumer Products Reports Fourth Quarter and Full Year 2023 Financial Results; Provides 2024 Outlook

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Reynolds Consumer Products (REYN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Seeking Clues to Reynolds Consumer Products (REYN) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”) will host its 2024 Investor Day on Tuesday, March 19, 2024 in New York City at 8:30am (ET). The event will feature presentations from senior members of the leadership team who will provide an in-depth overview of the Company's strategic priorities, financial objectives, and vision for the future. Following the formal presentations and Q&A sessions, a lunch reception will be hosted by the Reyno.

Reynolds Consumer Products to Host Investor Day on March 19, 2024

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) announced that on January 25, 2024, its Board of Directors approved a quarterly cash dividend of $0.23 per common share. Shareholders of record on February 15, 2024, will receive the cash dividend on February 29, 2024. About Reynolds Consumer Products Inc. Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95.

Reynolds Consumer Products Declares Quarterly Cash Dividend

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”) announced it will report fourth quarter and full-year 2023 financial results on Wednesday, February 7, 2024. The Company's Chief Executive Officer, Lance Mitchell, and Chief Financial Officer, Scott Huckins, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.re.

Reynolds Consumer Products to Report Fourth Quarter and Full Year 2023 Financial Results on February 7, 2024

Reynolds Consumer Products focuses on products for the kitchen with the offering including products such as aluminium foil, plastic wrap, and waste bags. The company has a current focus on improving margins through initiatives such as the Reynolds Cooking & Baking Recovery Plan and the Reyvolution, which seem successful in the Q3 report. REYN stock seems to be priced with a favorable price, as my DCF model estimates the stock to have a modest undervaluation.

Reynolds: Margin Expansion Could Signal Upside

Lavender Fabuloso®* scented Hefty® trash bags rank among top three new products pioneering the non-food industry LAKE FOREST, Ill. , Nov. 28, 2023 /PRNewswire/ -- Reynolds Consumer Products, the creator of Hefty® Ultra Strong™ trash bags, today announced that Hefty® Ultra Strong™ Fabuloso®* Scented tall kitchen trash bags have been recognized as one of the 2022 New Product Pacesetters™ of 2022.

Hefty® Ultra Strong™ Trash Bags Recognized By Circana's 2022 List of New Product Pacesetters™

Reynolds Consumer Products Inc.'s stock REYN was down by 1.5% in premarket trading on Wednesday after J.P. Morgan analyst Andrea Teixeira downgraded the company to neutral from overweight and reduced its price target by $1 to $28 a share.

Reynolds Consumer Products stock dips after J.P. Morgan downgrade

Reynolds Consumer Products Inc. (REYN) Q3 2023 Earnings Call Transcript

The headline numbers for Reynolds Consumer Products (REYN) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Reynolds Consumer Products (REYN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Reynolds Consumer Products Inc.'s stock REYN, -0.23% rose 1.1% early Wednesday, after the maker of household products posted better-than-expected revenue for the third quarter and offered upbeat guidance. The Lake Forest, Ill.

Reynolds Consumer's stock up premarket after revenue beat as company sees full-year earnings at high end of guidance

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Net Revenues of $935 million, vs. $967 million in Q3 2022, down 3% Net Income of $78 million vs. $48 million in Q3 2022, up 63%, and $268 million for the trailing twelve months ended September 30, 2023 Adjusted EBITDA of $165 million vs. $116 million in Q3 2022, up 42%, and $598 million f.

Reynolds Consumer Products Reports Third Quarter 2023 Financial Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”) announced it will report third quarter 2023 financial results on Wednesday, November 8, 2023. The Company's Chief Executive Officer, Lance Mitchell, and Chief Financial Officer, Michael Graham, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.reynoldsconsumer.

Reynolds Consumer Products to Report Third Quarter 2023 Financial Results on November 8, 2023

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc., (Nasdaq: REYN) today announced the appointment of Scott E. Huckins as the company's Chief Financial Officer (CFO), effective November 13, 2023. He is the successor to Michael Graham, who will then shift to an advisory role until his retirement in February 2024. To ensure a successful transition, Mr. Huckins will join the company in an advisory role on October 23, then assume the role of CFO on November 13. “We are excited for.

Reynolds Consumer Products Announces the Appointment of Scott E. Huckins as Successor to Chief Financial Officer

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”) announces that Christine Montenegro McGrath has been appointed to the Company's Board of Directors, effective as of September 25, 2023. Ms. McGrath will serve on the Company's Audit Committee and brings extensive experience in sustainability and expertise in the consumer products industry. “We are very pleased to welcome Christine to our board,” said Richard Noll, Chairman of the Board of Director.

Reynolds Consumer Products Welcomes Christine Montenegro McGrath to Board of Directors

Reynolds Consumer Products Inc.'s earnings took a 20% hit in 2021 due to inflationary pressures, and the company continues to show stagnation in 2022 and 2023. Reynolds is a well-known household brand in the U.S., but its leverage ratios and reliance on Walmart for sales raise concerns. Despite a decrease in net debt and improved sales, Reynolds' earnings and leverage ratios have fallen short, making it unappealing to invest in.

Reynolds Consumer Products: Continued Struggles

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FourKites Recognizes Customers Including Bayer, Big Lots, Reynolds Consumer Products and Others for Outstanding Achievements in Supply Chain Visibility

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) today announced that Lance Mitchell, Chief Executive Officer, and Michael Graham, Chief Financial Officer, will host a fireside chat at the Barclays Global Consumer Staples Conference in Boston on Thursday, September 7, 2023, at 8:15 a.m. ET. The fireside chat will be webcast live and can be accessed on the “Events & Presentations” section of the Company's website at https://investors.reynolds.

Reynolds Consumer Products to Participate in the Barclays Global Consumer Staples Conference

The headline numbers for Reynolds Consumer Products (REYN) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Reynolds Consumer Products (REYN) Q2 Earnings

Reynolds Consumer Products (REYN) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.26 per share a year ago.

Reynolds Consumer Products (REYN) Surpasses Q2 Earnings and Revenue Estimates

Reynolds Consumer Products Inc.'s stock REYN, -1.45% jumped 3.5% premarket Wednesday after the maker of household products beat estimates for the second quarter. Lake Forest, Ill.

Reynold's stock up premarket after earnings beat estimates

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) today reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Net Revenues of $940 million, up 3% over Q2 prior year Net Revenues Net Income of $66 million vs. $52 million in Q2 2022, up 27% over Q2 prior year Net Income Adjusted EBITDA of $150 million vs. $118 million in Q2 2022, up 27% over Q2 prior year Adjusted EBITDA Earnings Per Share of $0.32 vs.

Reynolds Consumer Products Reports Second Quarter 2023 Financial Results

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Learn from the best in the wild, wild west: From epic foil recipes to eating steak for three meals a day, take cooking lessons from real-life cowboys and cowgals in the greater Yellowstone, Montana region LAKE FOREST, Ill. , Aug. 2, 2023 /PRNewswire/ -- Reynolds Wrap, the expert maker of Reynolds Wrap® and other foil products for over 75 years, is on a mission to make your wild west dreams come true with the first-ever Reynolds Wrap® Wild West Steak-cation.

News for Reynolds Consumer Products Stock (REYN)