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

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Earnings data Q4 2021

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Earnings data Q4 2024

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 $0.23 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.

Reynolds Consumer Products Reports First Quarter 2024 Financial Results

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

Unlocking Q1 Potential of Reynolds Consumer Products (REYN): Exploring Wall Street Estimates for Key Metrics

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

Reynolds Consumer Products to Report First Quarter 2024 Financial Results on May 8, 2024

In the most recent trading session, Reynolds Consumer Products (REYN) closed at $28.51, indicating a +0.92% shift from the previous trading day.

Reynolds Consumer Products (REYN) Laps the Stock Market: Here's Why

The professional wrestler and actor delivers comedic performance in continued role as the brand's official spokesperson LAKE FOREST, Ill. , April 3, 2024 /PRNewswire/ -- In his eighth year as a brand spokesperson, professional wrestler and actor John Cena is once again teaming up with Hefty® in the brand's newest Ultra Strong™ trash bag campaign launching today.

The Hefty ® Brand Highlights 'Strength That's Anything but Ordinary' in New Ad Campaign for Ultra Strong™ Trash Bags Featuring Longtime Partner, John Cena

Reynolds Consumer Products (REYN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

All You Need to Know About Reynolds Consumer Products (REYN) Rating Upgrade to Strong Buy

The maker of Reynolds Wrap aluminum foil is being sued in a proposed class action claiming it misleads consumers by saying the foil is "Made in USA" though much of the raw material and manufacturing comes from elsewhere.

Reynolds Wrap aluminum foil isn't 'Made in USA,' lawsuit claims

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LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (the “Company”) (Nasdaq: REYN) will host its 2024 Investor Day tomorrow, March 19, 2024, in New York City at 8:30am ET. This event was first announced on February 1, 2024. The live webcast can be found at https://investorday.reynoldsconsumerproducts.com/. A replay of the presentation, including slides and transcripts, will be posted to the Investor Relations section of the Company's website after the conclusion of tomorrow's ev.

Reynolds Consumer Products Hosts 2024 Investor Day

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Reynolds Consumer Products (REYN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Reynolds Consumer Products (REYN) Gain on Rising Earnings Estimates?

Reynolds Consumer Products (REYN) has been upgraded to a Zacks Rank #1 (Strong 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 Strong Buy: What Does It Mean for the Stock?

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Reynolds Consumer Products Inc. (REYN) Q4 2023 Earnings Call Transcript

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

News for Reynolds Consumer Products Stock (REYN)