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 reported third quarter 2022 results showing a 7% increase in net revenues to $967 million. However, net income fell 27% to $48 million, and Adjusted EBITDA decreased by 12% to $116 million. The company cited pricing increases that offset lower volume due to declining non-retail sales. Despite operational challenges, Reynolds gained market share in multiple categories, driven by strategic pricing and innovations. The outlook for fiscal year 2022 anticipates 8% revenue growth but expects mid single-digit volume declines.
Reynolds Consumer Products Inc. announced a quarterly cash dividend of $0.23 per common share, approved by its Board of Directors on October 27, 2022. This dividend is set to be paid on November 30, 2022 to shareholders on record as of November 16, 2022.
With a mission to simplify daily life, Reynolds is a leading consumer products company with a presence in 95% of U.S. households. The company holds a #1 or #2 U.S. market share in most product categories it participates in.
Reynolds Consumer Products Inc. (Nasdaq: REYN) will announce its Q3 2022 results on November 8, 2022, before market opening. A conference call will occur at 7:00 a.m. Central Time, where investors can participate by calling 877-423-9813 (U.S.) or 201-689-8573 (internationally). The results will also be available through a live webcast on the Company’s website. RCP, known for brands like Reynolds and Hefty, maintains a leading market share in many product categories across the U.S.
Reynolds Consumer Products Inc. (Nasdaq: REYN) has reaffirmed its earnings guidance for the third quarter and fiscal year ending December 31, 2022. However, it has adjusted its net revenue growth outlook for Q3 to the lower end of its range, estimating an increase of 8% to 12% on $905 million in the previous year. This adjustment is attributed to declines in third party non-retail sales volumes and impacts from market re-openings on its waste and food bag categories. Management will present at the Barclays Global Consumer Staples Conference today.
Reynolds Consumer Products Inc. (NASDAQ: REYN) announced a fireside chat at the Barclays Global Consumer Staples Conference in Boston on September 8, 2022, at 7:30 a.m. ET. The event will be webcast live and archived for later access on the Company's Investor Relations website. Reynolds, a leading consumer products company, aims to simplify daily life for consumers and has a presence in 95% of U.S. households, offering products across cooking, waste, storage, and tableware categories under well-known brands like Reynolds and Hefty.
Reynolds Consumer Products Inc. (Nasdaq: REYN) reported Q2 2022 results, with net revenues of $917 million, a 5% increase year-over-year. However, net income fell 35% to $52 million, influenced by reduced foil consumption and rising costs. Adjusted EBITDA dropped 20% to $118 million. The firm anticipates 8% to 11% revenue growth for the fiscal year, with net income projected between $269 million and $292 million. A quarterly dividend of $0.23 per share was also announced, payable by August 31, 2022.
Reynolds Consumer Products Inc. (NASDAQ: REYN) will report its second-quarter results for the period ending June 30, 2022, on August 9, 2022, before market open. A conference call will take place at 7:00 a.m. Central Time to discuss financial results. Interested investors can join the call either by phone or through a live webcast available on the company's investor website, which will be archived for 30 days. Reynolds Consumer Products is a leading consumer products company operating in 95% of U.S. households, specializing in cooking, waste and storage, and disposable tableware.
Reynolds Wrap announces an exciting opportunity for outdoor enthusiasts to become its first-ever Chief Grillderness Officer. Selected candidates will receive $10,000, a recreational vehicle, and grilling essentials to explore various U.S. national and state parks. Applicants must submit a 200-word camping adventure plan, their favorite grilling meal, and reasons for their suitability. This initiative, open until August 4, aims to celebrate summer grilling and the joy of outdoor cooking.
Reynolds Consumer Products reported Q1 2022 net revenues of $845 million, up 12% year-over-year, driven by price increases despite a 30% decline in net income to $52 million. Adjusted EBITDA fell 20% to $112 million, impacted by rising costs and lower volumes. The company anticipates a 2022 revenue growth of 9%-12% and has declared a quarterly dividend of $0.23 per share. For Q2, net revenues are expected to grow 6%-8% with EPS projected between $0.22 to $0.26.
Reynolds Consumer Products Inc. (REYN) announced a quarterly cash dividend of $0.23 per common share, approved by its Board of Directors on April 28, 2022. This dividend is scheduled for payment on May 31, 2022, to shareholders recorded as of May 17, 2022. Reynolds is a leading consumer products company, present in 95% of U.S. households, holding a strong market share in cooking, waste, and disposable tableware categories.
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