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 second quarter 2021 results with net revenues of $873 million, a 6% increase from last year. Net income was $80 million, reflecting a 29% decline year-over-year, largely due to rising material costs. Adjusted EBITDA decreased 23% to $148 million. Pricing strategies have been implemented to counter inflationary pressures, with expectations for improved profitability in Q4. The company anticipates high single-digit revenue growth for the fiscal year, with net income guidance between $311 million to $332 million.
Reynolds Consumer Products Inc. announced a quarterly cash dividend of $0.23 per common share on July 29, 2021. This dividend will be paid on August 31, 2021 to shareholders on record as of August 17, 2021. Reynolds, a leading consumer products company, aims to simplify daily life and operates in 95% of U.S. households. The company maintains strong market presence with leading brand positions in categories including cooking products, waste & storage products, and disposable tableware.
Reynolds Consumer Products Inc. (Nasdaq: REYN) will announce its second-quarter results for the period ending June 30, 2021, on August 2, 2021, after market close. A conference call is scheduled for 4:00 p.m. CT (5:00 p.m. ET) to discuss the results. Investors can join by calling 877-423-9813 (U.S.) or 201-689-8573 (internationally). A replay will be available until August 16, 2021. Reynolds Consumer Products is a leading company in the household consumer products sector, holding significant market share across various product categories, including cooking and disposable tableware.
Reynolds Wrap is offering a unique opportunity for grill novices to become the Reynolds Rookie Griller and earn $10,000. From now until June 18, applicants can submit a photo of their biggest #GrillFail along with a story to showcase their grilling fears. Selected candidates will receive one-on-one virtual grilling lessons from expert Steven Raichlen. This initiative aims to boost grilling confidence during the summer grilling season, emphasizing fun and learning for those intimidated by grilling.
Reynolds Kitchens® has launched its new Pink Butcher Paper with Slide Cutter nationwide, designed for meat smoking enthusiasts. This FDA-compliant butcher paper protects the meat's bark while sealing in moisture. It features an innovative slide cutter for easy handling, comes in a robust 40-lb. format, and is resistant to leaks and tears. The Pink Butcher Paper is now available at select Walmart and grocery stores, priced at $9.99 for 75 sq. ft. and $24.99 for 225 sq. ft. on Amazon and Samsclub.com.
Reynolds Consumer Products reported Q1 2021 results, showcasing net revenues of $757 million, a 4% increase year-over-year. The net income stood at $74 million, with EPS at $0.35. Key segments showed varied performance, with Cooking & Baking revenues up 12%, while Hefty Tableware and Presto Products faced declines of 4% and 1%, respectively. The company anticipates high single-digit revenue growth for 2021, despite facing over $300 million in cost pressures. A quarterly dividend of $0.23 per share is set for payment on May 27, 2021.
Reynolds Consumer Products Inc. (Nasdaq: REYN) has announced a quarterly cash dividend of $0.23 per common share, set to be paid on May 27, 2021, to shareholders on record as of May 13, 2021. The company serves 95% of U.S. households, selling products across three categories: cooking, waste & storage, and tableware under well-known brands like Reynolds and Hefty. It holds a leading market share in most of its product categories, reinforcing its strong position in the consumer goods market.
Reynolds Consumer Products Inc. (Nasdaq: REYN) will report its financial results for Q1 2021 on May 5, 2021, before market open. A conference call is scheduled for the same day at 7:00 a.m. CT to discuss the results. Investors can join the call at 877-423-9813 (U.S.) or 201-689-8573 (internationally). A replay will be available until May 19, 2021. The conference call can also be accessed via a live webcast on the Company’s website, where it will be archived for 30 days. RCP has a notable presence in 95% of U.S. households and leads the market in various product categories.
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