Welcome to our dedicated page for Reynolds Consumer Products news (Ticker: REYN), a resource for investors and traders seeking the latest updates and insights on Reynolds Consumer Products stock.
Reynolds Consumer Products Inc., headquartered in Lake Forest, Illinois, is a leading provider of household essentials and operates under several world-class brands. The company is well-known for its flagship Reynolds® products, which include the iconic Reynolds Wrap® aluminum foil, Reynolds® brand parchment paper, oven bags, slow cooker liners, and baking cups. Their product line extends to Cut-Rite® wax paper.
Another prominent brand under their umbrella is Hefty®. Hefty® is celebrated for its strong and dependable waste bags, as well as its slider bags, foam plates, and plastic cups. The company's products are widely available in the United States at mass merchants, grocers, and other retail stores, and are also distributed in approximately 100 countries worldwide.
Reynolds Consumer Products operates through four main reportable segments:
- Reynolds Cooking and Baking: This segment focuses on branded and store brand aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners.
- Hefty Waste and Storage: Known for its durable waste bags and versatile storage solutions.
- Hefty Tableware: This segment offers sturdy foam plates and plastic cups, suited for various occasions and needs.
- Presto Products: This segment includes a range of products aimed at convenience and efficiency in the home.
The firm prides itself on delivering quality household products that meet everyday needs. With a wide-reaching presence and a commitment to innovation, Reynolds Consumer Products continues to lead the market in household essentials. For more information about their extensive range of products, visit their websites: Reynolds Consumer Products, Hefty, and Reynolds Kitchens.
Reynolds Consumer Products Inc. (NASDAQ: REYN) announced it will release its first quarter 2023 financial results on May 10, 2023, before the market opens.
The earnings call is scheduled for 7:00 a.m. CT (8:00 a.m. ET) the same day. To participate, U.S. callers can dial (877) 423-9813, while international participants should use +1 (201) 689-8573. A live webcast and related material will be available on the company’s investor website.
Reynolds delivers household products across cooking, waste and storage, and disposable tableware categories, with a significant presence in American households, manufacturing renowned brands such as Reynolds Wrap® and Hefty®.
Reynolds Consumer Products is spicing up Easter with its new Hot Hams recipes, following insights from a recent Instacart survey that found 74% of Americans enjoy hot sauce. This year, they introduce three spicy ham recipes: Hot Honey Ham, Buffalo Ham, and Habanero Chipotle Ham, each featuring unique flavors and preparation tips utilizing Reynolds Wrap® Heavy Duty Foil. For details, visit Reynoldsbrands.com.
Reynolds Consumer Products reported record net revenues of $3,817 million for FY 2022, a 7% increase year-over-year, despite a 20% drop in net income to $258 million. The fourth-quarter earnings showed net revenues of $1,089 million, up 7% year-over-year, with Earnings Per Share at $0.51. However, the Reynolds Cooking & Baking segment faced operational challenges, reporting a 49% decrease in Adjusted EBITDA. The company has launched a comprehensive recovery plan for this segment and anticipates a return to pre-pandemic profitability by the end of 2023. A quarterly dividend of $0.23 is set for payment on February 28, 2023.
Reynolds Consumer Products Inc. (REYN) announced a quarterly cash dividend of $0.23 per common share, approved by its Board of Directors on January 26, 2023. Shareholders on record by February 14, 2023 will receive the cash dividend on February 28, 2023. The company, known for brands like Reynolds Wrap® and Hefty®, holds a dominant market position in the household products sector, reaching 95% of U.S. households.
Reynolds Consumer Products Inc. (Nasdaq: REYN) will announce its financial results for Q4 and the full year ending December 31, 2022, on February 8, 2023, prior to market opening. The company will conduct a conference call at 7:00 a.m. CT (8:00 a.m. ET) to discuss the results. A webcast of the call and related earnings materials will be accessible on the company's investor website. Reynolds Consumer Products is recognized for its household products, including Reynolds Wrap® aluminum foil and Hefty® trash bags, holding leading market positions in most of its categories.
Reynolds Wrap® has launched three innovative turkey recipes for Thanksgiving, inspired by the year's trending food fads. These creative recipes include the It's Corn! Turkey, Turkey Board, and Pasta Chip Turkey, all designed to captivate audiences both at the dinner table and on social media. The brand emphasizes the ease of preparation and cleanup with its Heavy Duty Foil. This initiative showcases Reynolds Wrap's commitment to enhancing mealtime experiences while maintaining its legacy as a staple kitchen product for 75 years.
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