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
| 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 |
3 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
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4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
4 - Reynolds Consumer Products Inc. (0001786431) (Issuer)
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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 30, 2025, to shareholders of record on May 16, 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 trash bags,
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report first quarter financial results on Wednesday, April 30, 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 in 95% of households acr
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
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 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 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
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 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 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 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
Jefferies initiated coverage of Reynolds Consumer Products with a rating of Buy and set a new price target of $38.00
JP Morgan downgraded Reynolds Consumer Products from Overweight to Neutral and set a new price target of $28.00 from $29.00 previously
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 of Reynolds Consumer Products with a rating of Hold and set a new price target of $28.00
Credit Suisse downgraded Reynolds Consumer Products from Outperform to Neutral and set a new price target of $32.00 from $33.00 previously
RBC Capital Mkts downgraded Reynolds Consumer Products from Outperform to Sector Perform and set a new price target of $30.00
Stifel downgraded Reynolds Consumer Products from Buy to Hold and set a new price target of $31.00 from $33.00 previously
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 of Reynolds Consumer with a rating of Buy and set a new price target of $36.00 from $32.00 previously
Citigroup downgraded Reynolds Consumer from Buy to Neutral and set a new price target of $35.00 from $32.00 previously
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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
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 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
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. (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 30, 2025, to shareholders of record on May 16, 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 trash bags,
Reynolds Consumer Products Inc. (NASDAQ:REYN) (the "Company") announced it will report first quarter financial results on Wednesday, April 30, 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 in 95% of households acr
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 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 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 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 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 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
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 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
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