Reynolds Consumer Products Inc. - REYN STOCK NEWS

Reynolds Wrap, known for its foil products, unveils three innovative Candied Ham recipes for Easter, aiming to enhance spring brunches. The new offerings include Jelly Bean Ham, Sour Candy Ham, and Marshmallow Ham, each designed to celebrate seasonal flavors with a colorful twist. Utilizing Reynolds Wrap Non-Stick Foil ensures easy preparation and cleanup, allowing families to enjoy the festive cooking experience. Senior brand manager Lisa Giardina emphasizes the blend of savory and sweet, making these recipes an exciting addition to Easter celebrations.

Reynolds Consumer Products and Dow have launched a collaboration with ByFusion to convert hard-to-recycle plastics collected from the Hefty® EnergyBag® program into ByBlocks, innovative construction-grade materials. This pilot project, based in the Greater Boise area, aims to divert up to 72 tons of plastic waste from landfills. The initial application, a park bench in Manitou Park, showcases the environmental benefits of this initiative. ByFusion's process requires no sorting or chemicals, promoting sustainability and community engagement in addressing plastic waste.

Reynolds Consumer Products Inc. (REYN) reported a 9% increase in net revenues, totaling $3,556 million for fiscal year 2021, although net income fell 11% to $324 million. Q4 2021 revenues reached $1,021 million, up 15%, yet net income decreased 6% to $105 million. The company anticipates 9% to 12% revenue growth for 2022, driven by pricing and strong demand, despite facing nearly $400 million in cost pressures. A quarterly dividend of $0.23 per share is set for distribution on February 28, 2022. Earnings per share guidance for 2022 ranges from $1.52 to $1.66.

Reynolds Consumer Products Inc. announced a quarterly cash dividend of $0.23 per common share, approved by the Board of Directors on January 27, 2022. This dividend will be paid on February 28, 2022, to shareholders of record as of February 14, 2022. Reynolds operates in three categories: cooking products, waste & storage, and disposable tableware, holding a leading market position in 96% of U.S. households. Their products are predominantly sold under the Reynolds and Hefty brands, emphasizing their significant market share.

Reynolds Consumer Products Inc. (REYN) announced it will report its fourth quarter and full year results for the period ending December 31, 2021, on February 9, 2022, prior to market opening. A conference call will be held at 7:00 a.m. CT to discuss the results, with dial-in options available for U.S. and international investors. The call will also be accessible via a live webcast on the company's website, which will be archived for 30 days. Reynolds is a market leader in consumer products, holding a top market share position in most categories it operates within.

Reynolds Consumer Products reported a 10% increase in net revenues to $905 million for Q3 2021, driven by strong demand and pricing adjustments. However, net income fell by 42% to $66 million, reflecting rising material and labor costs. Adjusted EBITDA decreased 31% to $132 million. The company anticipates high single-digit revenue growth for the fiscal year, amid increasing cost pressures estimated at over $450 million. A quarterly dividend of $0.23 per share has been approved, with payment scheduled for November 30, 2021.

Reynolds Consumer Products Inc. has declared a quarterly cash dividend of $0.23 per common share. This dividend will be paid on November 30, 2021, to shareholders of record as of November 16, 2021. With a presence in 95% of U.S. households, Reynolds is a leader in consumer products, including cooking, waste, and disposable tableware, holding a top market share in most categories. The dividend reflects the company's commitment to shareholder value and financial health.

Thomas Degnan, a board member of Reynolds Consumer Products, announced his retirement effective October 31. Serving since 2019, he chaired the Compensation, Nominating and Governance Committee. His leadership was vital during the transition to a publicly traded company and he provided invaluable insights during his tenure. CEO Lance Mitchell credited Degnan for his guidance over nearly 14 years, influencing operational strategies. Degnan also retired from Pactiv Evergreen in 2021 after serving as CEO since 2007.

Reynolds Consumer Products Inc. (NASDAQ: REYN) will release its third-quarter results for the period ending September 30, 2021, on November 4, 2021, before the market opens. A conference call to discuss the results is scheduled for 7:00 a.m. Central Time. Interested investors can participate via phone or a live webcast on the company's website. Reynolds is a leading consumer products company, holding significant market shares across cooking products, waste & storage products, and disposable tableware, reaching 95% of U.S. households.