Reynolds Consumer Products Inc.
Reynolds Consumer Products Inc. produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and E-Z Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally. The Hefty Waste & Storage segment sells trash and food storage bags under the Hefty Ultra Strong, Hefty Strong Trash Bags, Hefty Renew, and Hefty Slider Bags brands. It offers a suite of indoor and outdoor trash bags and contractor bags, including blue and clear recycling bags, compostable bags, bags made from recycled materials, and the Hefty EnergyBag Program. The Hefty Tableware segment provides disposable and compostable plates, bowls, platters, cups, and cutlery under the Hefty brand. The Presto Products segment primarily sells store brand products in food storage bags, trash bags, reusable storage containers, and plastic wrap categories. Reynolds Consumer Products Inc. offers both branded and store brand products to grocery stores, mass merchants, warehouse clubs, discount chains, dollar stores, drug stores, home improvement stores, military outlets, and eCommerce retailers. The company was founded in 1947 and is headquartered in Lake Forest, Illinois. Reynolds Consumer Products Inc. is a subsidiary of Packaging Finance Limited.
IPO Year: 2020
Exchange: NASDAQ
Website: reynoldsconsumerproducts.com
Recent Analyst Ratings for Reynolds Consumer Products Inc.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/29/2024 | $38.00 | Buy | Jefferies |
| 11/22/2023 | $29.00 → $28.00 | Overweight → Neutral | JP Morgan |
| 10/3/2023 | $28.00 → $30.00 | Sell → Neutral | Goldman |
| 3/30/2023 | $28.00 | Hold | Canaccord Genuity |
| 1/17/2023 | $33.00 → $32.00 | Outperform → Neutral | Credit Suisse |
| 1/3/2023 | $30.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 4/13/2022 | $33.00 → $31.00 | Buy → Hold | Stifel |
| 3/29/2022 | $34.00 → $26.00 | Buy → Sell | Goldman |
| 1/11/2022 | $32.00 → $36.00 | Buy | Goldman Sachs |
| 1/11/2022 | $32.00 → $35.00 | Buy → Neutral | Citigroup |
Reynolds Consumer Products Inc. Press Releases
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Reynolds Consumer Products Announces Debt Refinancing of Term Loan Facility
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company"), a leading provider of household products, today announced the successful refinancing of the remaining $1.645 billion principal of its original $2.475 billion term loan facility, extending the maturity of its debt and further enhancing the Company's financial flexibility. The new term loan will mature in 2032, extending the maturity of the Company's existing term loan by approximately 5 years. Reflecting the Company's strong credit profile, the new term loan was priced with no original issue discount and bears interest at the Secured Overnight Financing Rate (SOFR) plus 175 basis points per annum, representing a 10 basis point c
Reynolds Consumer Products Reports Fourth Quarter and Full Year 2024 Financial Results; Provides 2025 Outlook
Net Income Grew 18% on Improved Margins Retail Volumes Accelerated in Q4 Investing Strong Cash Flow in Future Revenue Growth and Additional Margin Expansion Reynolds Consumer Products Inc. (the "Company") (NASDAQ:REYN) today reported financial results for the fourth quarter and fiscal year ended December 31, 2024. Fiscal Year 2024 Highlights Net Revenues of $3,695 million vs. $3,756 million in 2023 Retail Net Revenues of $3,518 million vs. $3,559 million in 2023 Non-Retail Net Revenues, which comprises aluminum sales to food service and industrial customers, of $177 million vs. $197 million in 2023 Net Income and Adjusted Net Income of $352 million vs. $298 million in
Reynolds Consumer Products Declares Regular Quarterly Cash Dividend
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable February 28, 2025, to shareholders of record on February 14, 2025. 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% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® tableware and
Reynolds Consumer Products to Report Fourth Quarter and Full Year 2024 Financial Results on February 5, 2025
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025. The Company's President and Chief Executive Officer, Scott Huckins, and Chief Financial Officer, Nathan Lowe, 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.reynoldsconsumerproducts.com/. 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
Reynolds Consumer Products Reports Third Quarter 2024 Financial Results
Third Quarter Net Revenues, Retail Volume In Line with Expectations Third Quarter Net Income and Adjusted EBITDA Increased 10% and 4%, Respectively, In Line with Expectations Strong Free Cash Flow Delivery Continued; $50M Debt Prepayment Made After Quarter End Full Year Net Revenue, Net Income and Adjusted EBITDA Guide Updated Planned CEO and CFO Transition Announced Reynolds Consumer Products Inc. (the "Company" or "RCP") (NASDAQ:REYN) today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net Revenues of $910 million vs. $935 million in Q3 2023 Retail Net Revenues decreased 3% to $856 million, in line with Company expectati
Reynolds Consumer Products Declares Regular Quarterly Cash Dividend
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable November 29, 2024, to shareholders of record on November 15, 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% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® tableware and tr
The Reynolds Wrap® Team Releases Limited-Edition Embossed Foil to Add Cheer to Homemade Food Gifting and Gatherings This Holiday Season
Reynolds Wrap® Fun Foil with Holiday Pattern features an original winter wonderland design, giving home cooks a new kind of (wrap)ping paper for creative gifting, hosting and more LAKE FOREST, Ill., Oct. 22, 2024 /PRNewswire/ -- With the holidays fast approaching, it's time to start searching for unique gifts—plus the right wrapping paper. Today, the Reynolds Wrap® team introduces Fun Foil with Holiday Pattern, an embossed aluminum foil designed for festive occasions, from wrapping homemade food gifts to covering holiday potluck dishes and sharing leftovers. This limited-edition foil innovation, available now while supplies last at Amazon.com and Walmart.com, was inspired by the rise of home
Reynolds Consumer Products Announces Extended and Upsized Revolving Credit Facility
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company"), a leading provider of household products, today announced an amendment to its credit agreement that provides a new revolving credit facility through a syndicate of banks led by Wells Fargo. The parties replaced an undrawn $250 million senior secured revolving credit facility maturing in February 2026 with an undrawn $700 million senior secured revolving credit facility maturing in October 2029 under the credit agreement. The sizing places the revolving facility more in line with companies with similarly strong credit characteristics. The Company's senior secured term loan facility under the credit agreement continues to mature
Reynolds Consumer Products to Report Third Quarter 2024 Financial Results on October 30, 2024
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report third quarter 2024 financial results on Wednesday, October 30, 2024. The Company's President and 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.reynoldsconsumerproducts.com/. 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% of hous
That's Turkey Espresso: Reynolds Presents Its Annual Thanksgiving Turkey Recipe Based On An Iconic Cocktail
The brand has unleashed a bold holiday pairing of espresso martini and roasted turkey to show that just about any Thanksgiving recipe works well with the ease of Reynolds Products LAKE FOREST, Ill., Oct. 15, 2024 /PRNewswire/ -- Cocktail trends come and go, but none have reached a level of cultural ubiquity as the espresso martini. This Thanksgiving, Reynolds is unveiling a daring new take on the iconic drink with an "Espresso Turkey-tini" recipe. This new seasonal take on the espresso martini combines the classic flavors of a Thanksgiving turkey with a richly spiced espresso
Reynolds Consumer Products Inc. Analyst Ratings
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Jefferies initiated coverage on Reynolds Consumer Products with a new price target
Jefferies initiated coverage of Reynolds Consumer Products with a rating of Buy and set a new price target of $38.00
Reynolds Consumer Products downgraded by JP Morgan with a new price target
JP Morgan downgraded Reynolds Consumer Products from Overweight to Neutral and set a new price target of $28.00 from $29.00 previously
Reynolds Consumer Products upgraded by Goldman with a new price target
Goldman upgraded Reynolds Consumer Products from Sell to Neutral and set a new price target of $30.00 from $28.00 previously
Canaccord Genuity initiated coverage on Reynolds Consumer Products with a new price target
Canaccord Genuity initiated coverage of Reynolds Consumer Products with a rating of Hold and set a new price target of $28.00
Reynolds Consumer Products downgraded by Credit Suisse with a new price target
Credit Suisse downgraded Reynolds Consumer Products from Outperform to Neutral and set a new price target of $32.00 from $33.00 previously
Reynolds Consumer Products downgraded by RBC Capital Mkts with a new price target
RBC Capital Mkts downgraded Reynolds Consumer Products from Outperform to Sector Perform and set a new price target of $30.00
Reynolds Consumer Products downgraded by Stifel with a new price target
Stifel downgraded Reynolds Consumer Products from Buy to Hold and set a new price target of $31.00 from $33.00 previously
Reynolds Consumer Products downgraded by Goldman with a new price target
Goldman downgraded Reynolds Consumer Products from Buy to Sell and set a new price target of $26.00 from $34.00 previously
Goldman Sachs reiterated coverage on Reynolds Consumer with a new price target
Goldman Sachs reiterated coverage of Reynolds Consumer with a rating of Buy and set a new price target of $36.00 from $32.00 previously
Reynolds Consumer downgraded by Citigroup with a new price target
Citigroup downgraded Reynolds Consumer from Buy to Neutral and set a new price target of $35.00 from $32.00 previously
Reynolds Consumer Products Inc. Insider Purchases
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
Director Stangl Rolf bought $149,313 worth of shares (6,000 units at $24.89), increasing direct ownership by 55% to 16,889 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
Director Stangl Rolf bought $101,255 worth of shares (3,682 units at $27.50), increasing direct ownership by 51% to 10,889 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
Director Golding Helen bought $32,823 worth of shares (1,190 units at $27.58) (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
Director Stangl Rolf bought $196,378 worth of shares (7,207 units at $27.25) (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
Reynolds Consumer Products Inc. Insider Trading
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
Director Stangl Rolf bought $149,313 worth of shares (6,000 units at $24.89), increasing direct ownership by 55% to 16,889 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
Chief Information Officer/EVP Fisher Rita converted options into 8,617 shares and covered exercise/tax liability with 2,404 shares, increasing direct ownership by 36% to 23,359 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
President and CEO Huckins Scott E. converted options into 7,709 shares and covered exercise/tax liability with 3,443 shares, increasing direct ownership by 31% to 18,060 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
EVP-HR Miller Valerie Elizabeth converted options into 5,941 shares and covered exercise/tax liability with 1,915 shares, increasing direct ownership by 78% to 9,179 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
President, Reynolds Cook&Bake Buckner Judith K. converted options into 12,062 shares and covered exercise/tax liability with 3,230 shares, increasing direct ownership by 58% to 24,065 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
VP Investor Relations Swartzberg Mark D. converted options into 3,131 shares and covered exercise/tax liability with 1,347 shares, increasing direct ownership by 26% to 8,612 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
Chief Legal Counsel/Corp Sec Watson Clyde David converted options into 2,747 shares and covered exercise/tax liability with 833 shares, increasing direct ownership by 76% to 4,429 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
President, Sales Evolution Pace Stephan M. converted options into 10,438 shares and covered exercise/tax liability with 2,828 shares, increasing direct ownership by 31% to 32,026 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
Chief Administrative Officer Estes Stephen C. converted options into 9,921 shares and covered exercise/tax liability with 2,715 shares, increasing direct ownership by 37% to 26,640 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
President, Hefty Tableware Bishop Rachel Rothe converted options into 12,557 shares and covered exercise/tax liability with 3,343 shares, increasing direct ownership by 37% to 33,971 units (SEC Form 4)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
Reynolds Consumer Products Inc. SEC Filings
SEC Form DEFA14A filed by Reynolds Consumer Products Inc.
DEFA14A - Reynolds Consumer Products Inc. (0001786431) (Filer)
SEC Form DEF 14A filed by Reynolds Consumer Products Inc.
DEF 14A - Reynolds Consumer Products Inc. (0001786431) (Filer)
Reynolds Consumer Products Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
SEC Form 10-K filed by Reynolds Consumer Products Inc.
10-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
Reynolds Consumer Products Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits
8-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
SEC Form 144 filed by Reynolds Consumer Products Inc.
144 - Reynolds Consumer Products Inc. (0001786431) (Subject)
SEC Form 10-Q filed by Reynolds Consumer Products Inc.
10-Q - Reynolds Consumer Products Inc. (0001786431) (Filer)
Reynolds Consumer Products Inc. filed SEC Form 8-K: Results of Operations and Financial Condition
8-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
Reynolds Consumer Products Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
SEC Form 8-K filed by Reynolds Consumer Products Inc.
8-K - Reynolds Consumer Products Inc. (0001786431) (Filer)
Reynolds Consumer Products Inc. Leadership Updates
Live Leadership Updates
Reynolds Consumer Products Reports Fourth Quarter and Full Year 2024 Financial Results; Provides 2025 Outlook
Net Income Grew 18% on Improved Margins Retail Volumes Accelerated in Q4 Investing Strong Cash Flow in Future Revenue Growth and Additional Margin Expansion Reynolds Consumer Products Inc. (the "Company") (NASDAQ:REYN) today reported financial results for the fourth quarter and fiscal year ended December 31, 2024. Fiscal Year 2024 Highlights Net Revenues of $3,695 million vs. $3,756 million in 2023 Retail Net Revenues of $3,518 million vs. $3,559 million in 2023 Non-Retail Net Revenues, which comprises aluminum sales to food service and industrial customers, of $177 million vs. $197 million in 2023 Net Income and Adjusted Net Income of $352 million vs. $298 million in
Reynolds Consumer Products Reports Third Quarter 2024 Financial Results
Third Quarter Net Revenues, Retail Volume In Line with Expectations Third Quarter Net Income and Adjusted EBITDA Increased 10% and 4%, Respectively, In Line with Expectations Strong Free Cash Flow Delivery Continued; $50M Debt Prepayment Made After Quarter End Full Year Net Revenue, Net Income and Adjusted EBITDA Guide Updated Planned CEO and CFO Transition Announced Reynolds Consumer Products Inc. (the "Company" or "RCP") (NASDAQ:REYN) today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net Revenues of $910 million vs. $935 million in Q3 2023 Retail Net Revenues decreased 3% to $856 million, in line with Company expectati
Reynolds Consumer Products Announces the Appointment of Scott E. Huckins as Successor to Chief Financial Officer
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 Scott to join us as CFO as we continue to provide products that simplify daily life for consumers. He brings extensive experience in leading Finance at consumer staples and publicly traded companies - most recently as CFO at SunOpta, w
Sally Beauty Holdings Appoints Three New Independent Directors to Board
Appointments of Rachel Bishop, Jeffrey Boyer and Chip Molloy Enhance Board's Expertise in Retail Operations, Strategy and Finance Sally Beauty Holdings, Inc. (NYSE:SBH) today announced the appointment of Rachel R. Bishop, Ph.D., President, Hefty Tableware at Reynolds Consumer Products; Jeffrey Boyer, Chief Operating Officer of Fossil Group; and Lawrence "Chip" Molloy, Chief Financial Officer of Sprouts Farmers Market, to its Board of Directors, effective immediately. With these appointments, Sally Beauty Holdings' Board is now 46% women and 8% racially/ethnically diverse, and 69% have joined within the last five years. "On behalf of my fellow directors, we are very pleased to welcome Rach
Reynolds Consumer Products Inc. Financials
Live finance-specific insights
Reynolds Consumer Products Declares Regular Quarterly Cash Dividend
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable February 28, 2025, to shareholders of record on February 14, 2025. 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% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® tableware and
Reynolds Consumer Products to Report Fourth Quarter and Full Year 2024 Financial Results on February 5, 2025
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025. The Company's President and Chief Executive Officer, Scott Huckins, and Chief Financial Officer, Nathan Lowe, 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.reynoldsconsumerproducts.com/. 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
Reynolds Consumer Products Declares Regular Quarterly Cash Dividend
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable November 29, 2024, to shareholders of record on November 15, 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% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® tableware and tr
Reynolds Consumer Products to Report Third Quarter 2024 Financial Results on October 30, 2024
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report third quarter 2024 financial results on Wednesday, October 30, 2024. The Company's President and 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.reynoldsconsumerproducts.com/. 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% of hous
Reynolds Consumer Products Declares Regular Quarterly Cash Dividend
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable August 30, 2024, to shareholders of record on August 16, 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% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® trash bags and dis
Reynolds Consumer Products to Report Second Quarter 2024 Financial Results on August 7, 2024
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report second quarter 2024 financial results on Wednesday, August 7, 2024. The Company's President and 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.reynoldsconsumerproducts.com/. 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% of ho
Reynolds Consumer Products Reports First Quarter 2024 Financial Results
First Quarter Net Income and Adjusted EBITDA Increased 188% and 49% Full Year Net Income Guide Increased, Net Revenue and Adjusted EBITDA Guide Reiterated Record Q1 Cash Flow and $50 Million Voluntary Principal Payment Made After Quarter End Net Debt Leverage1 Reduced to 2.5x at Quarter End Reynolds Consumer Products Inc. ("RCP" or the "Company") (NASDAQ:REYN) today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Net Revenues of $833 million vs. $874 million in Q1 2023 Retail Net Revenues decreased 3% to $794 million, at the high end of Company expectations Non-retail Net Revenues decreased 32% to $39 million, as expecte
Reynolds Consumer Products Declares Regular Quarterly Cash Dividend
Reynolds Consumer Products Inc. (NASDAQ:REYN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable May 31, 2024, to shareholders of record on May 17, 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% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap® aluminum foil and Hefty® tableware and trash bags
Reynolds Consumer Products to Report First Quarter 2024 Financial Results on May 8, 2024
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report first quarter 2024 financial results on Wednesday, May 8, 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.reynoldsconsumerproducts.com/. 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% of households across th
Reynolds Consumer Products Reports Fourth Quarter and Full Year 2023 Financial Results; Provides 2024 Outlook
2023 Net Income and Adjusted EBITDA Increased 16% Record Fourth Quarter Net Income and Adjusted EBITDA; Increased 28% and 19% Record Operating Cash Flow of $644M; Net Debt Leverage1 Reduced to 2.7x Guides Double-Digit Net Income Growth, Reduction of Net Debt1 to $1.5B to $1.6B at Year End 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
Reynolds Consumer Products Inc. Large Ownership Changes
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SEC Form SC 13G/A filed by Reynolds Consumer Products Inc. (Amendment)
SC 13G/A - Reynolds Consumer Products Inc. (0001786431) (Subject)
SEC Form SC 13G/A filed by Reynolds Consumer Products Inc. (Amendment)
SC 13G/A - Reynolds Consumer Products Inc. (0001786431) (Subject)
SEC Form SC 13G filed by Reynolds Consumer Products Inc.
SC 13G - Reynolds Consumer Products Inc. (0001786431) (Subject)