Reynolds Consumer Products Reiterated FY24 Revenue of $3.53B-$3.64B Vs $3.60B Est, Adj EPS of $1.62-$1.701 (Prior $1.57-$1.65) Vs $1.62 Est
$REYN
Containers/Packaging
Consumer Discretionary
Fiscal Year and Second Quarter Outlook
The Company reiterates its full year outlook for Net Revenues, Adjusted EBITDA and Net Debt, and increases its full year outlook for Net Income and Earnings Per Share as follows:
|
|
Prior FY 2024 Outlook |
Current FY 2024 Outlook |
|
Net Revenues |
$3,530 to $3,640 million |
$3,530 to $3,640 million |
|
Net Income and Adjusted Net Income |
$331 to $347 million |
$341 to $357 million1 |
|
Adjusted EBITDA |
$660 to $680 million |
$660 to $680 million |
|
Earnings Per Share and Adjusted Earnings Per Share |
$1.57 to $1.65 |
$1.62 to $1.701 |
|
Net Debt at December 31, 2024 |
$1.5 to $1.6 billion |
$1.5 to $1.6 billion |