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.

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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.

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Reynolds Consumer Products Inc. (NASDAQ:REYN ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Mark Swartzberg - Vice President of Investor Relations Lance Mitchell - President & Chief Executive Officer Scott Huckins - Chief Financial Officer Conference Call Participants Nik Modi - RBC Capital Markets Andrea Teixeira - JPMorgan Mark Astrachan - Stifel Jim Abbott - Barclays Robert Ottenstein - Evercore Peter Grom - UBS Brian McNamara - Canaccord Genuity Operator Greetings and welcome to the Reynolds Consumer Products, Incorporated Third Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode.

Reynolds Consumer Products Inc. (REYN) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Reynolds Consumer Products (REYN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Reynolds Consumer Products (REYN) Q3 Earnings: A Look at Key Metrics

Reynolds Consumer Products (REYN) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.37 per share a year ago.

Reynolds Consumer Products (REYN) Q3 Earnings Miss Estimates

LAKE FOREST, Ill.--(BUSINESS WIRE)--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 expectations Non-retail Net Revenues increased $3 million to $54 million, exceeding Company expectations Net Income and Adjusted Net Income of $86 milli.

Reynolds Consumer Products Reports Third Quarter 2024 Financial Results

LAKE FOREST, Ill.--(BUSINESS WIRE)--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 ac.

Reynolds Consumer Products Declares Regular Quarterly Cash Dividend

LAKE FOREST, Ill.--(BUSINESS WIRE)--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 un.

Reynolds Consumer Products Announces Extended and Upsized Revolving Credit Facility

Reynolds Consumer Products (REYN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Reynolds Consumer Products (REYN) Upgraded to Buy: Here's What You Should Know

LAKE FOREST, Ill.--(BUSINESS WIRE)--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.rey.

Reynolds Consumer Products to Report Third Quarter 2024 Financial Results on October 30, 2024

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Here is how Reynolds Consumer Products (REYN) and Sinclair (SBGI) have performed compared to their sector so far this year.

Is Reynolds Consumer Products (REYN) Stock Outpacing Its Consumer Discretionary Peers This Year?

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) today announced that Lance Mitchell, President and Chief Executive Officer, and Scott Huckins, Chief Financial Officer, will host a fireside chat at the Barclays Global Consumer Staples Conference in Boston on Wednesday, September 4, 2024, at 1:30p.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://inves.

Reynolds Consumer Products to Participate in 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 2024, 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) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Reynolds Consumer Products Inc. (NASDAQ:REYN ) Q2 2024 Earnings Conference Call August 7, 2024 8:00 AM ET Company Participants Mark Swartzberg - Vice President, Investor Relations Lance Mitchell - President & Chief Executive Officer Scott Huckins - Chief Financial Officer Conference Call Participants Robert Ottenstein - Evercore Mark Astrachan - Stifel Nik Modi - RBC Capital Markets Peter Grom - UBS Lauren Lieberman - Barclays Andrea Teixeira - JPMorgan Bill Chappell - Truist Securities Operator Greetings, and welcome to the Reynolds Consumer Products, Inc. Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Reynolds Consumer Products Inc. (REYN) Q2 2024 Earnings Call Transcript

Reynolds Consumer Products (REYN) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.32 per share a year ago.

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

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (the “Company” or “RCP”) (Nasdaq: REYN) today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net Revenues of $930 million vs. $940 million in Q2 2023 Retail Net Revenues increased 1% to $892 million, exceeding Company expectations Non-retail Net Revenues, which consist of sales to food service customers, classified as related party net revenues, and industrial customers, de.

Reynolds Consumer Products Reports Second Quarter 2024 Financial Results

Evaluate the expected performance of Reynolds Consumer Products (REYN) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

What Analyst Projections for Key Metrics Reveal About Reynolds Consumer Products (REYN) Q2 Earnings

Reynolds Consumer Products (REYN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Reynolds Consumer Products (REYN) Reports Next Week: Wall Street Expects Earnings Growth

LAKE FOREST, Ill.--(BUSINESS WIRE)--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.reyn.

Reynolds Consumer Products to Report Second Quarter 2024 Financial Results on August 7, 2024

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Zacks Industry Outlook Reynolds, Central Garden & Pet, The Honest and Lifetime Brands

Reynolds (REYN), Central Garden & Pet (CENT), The Honest Company (HNST) and Lifetime Brands (LCUT) focus on a superior product strategy and prudent capital investments.

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Reynolds Consumer Products Inc. (NASDAQ:REYN ) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Mark Swartzberg - Vice President, Investor Relations Lance Mitchell - President & Chief Executive Officer Scott Huckins - Chief Financial Officer Conference Call Participants Rob Ottenstein - Evercore Peter Grom - UBS Mark Astrachan - Stifel Andrea Teixeira - JPMorgan Madison Callinan - Canaccord Genuity Jim Abbott - Barclays Operator Greetings, and welcome to the Reynolds Consumer Products, Inc. First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Reynolds Consumer Products Inc. (REYN) Q1 2024 Earnings Call Transcript

The headline numbers for Reynolds Consumer Products (REYN) give insight into how the company performed in the quarter ended March 2024, 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) Reports Q1 Earnings: What Key Metrics Have to Say

Reynolds Consumer Products (REYN) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.08 per share a year ago.

Reynolds Consumer Products (REYN) Surpasses Q1 Earnings and Revenue Estimates

LAKE FOREST, Ill.--(BUSINESS WIRE)--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 expected Net Income and Adjusted Net Income of $49 million vs. $17 million in Q1.

News for Reynolds Consumer Products Stock (REYN)