Reynolds Earnings Reports

Reynolds Consumer Products reported a decrease in net income and adjusted EBITDA for Q4 2024, driven by higher operational costs and lower pricing. However, retail volume grew, consistent with overall category performance.

Reynolds Consumer Products reported third-quarter results, with net revenues of $910 million. Net income increased to $86 million and adjusted EBITDA increased to $171 million. The company updated its full-year guidance for net revenue, net income, and adjusted EBITDA.

Reynolds Consumer Products reported Q2 2024 net revenues of $930 million. Retail Net Revenues increased 1% to $892 million. Net Income increased to $97 million, and Adjusted EBITDA increased to $172 million. The company raised its full-year net revenue, Adjusted EBITDA, and net income guidance and reduced net debt leverage to 2.4x at quarter end.

Reynolds Consumer Products reported strong first-quarter results, with net revenues of $833 million. Net income increased to $49 million, and adjusted EBITDA rose to $122 million. The company reiterated its full-year outlook for net revenues and adjusted EBITDA while increasing its full-year outlook for net income and earnings per share.

Reynolds Consumer Products reported strong Q4 2023 results, marked by a 28% increase in net income and a 19% increase in Adjusted EBITDA. The company's performance was driven by the successful execution of the Reynolds Cooking & Baking recovery plan, retail product portfolio optimization, and lower operational costs.

Reynolds Consumer Products reported a 3% decrease in net revenues to $935 million, but net income increased by 63% to $78 million. Adjusted EBITDA rose by 42% to $165 million. The company's performance was driven by pricing actions and lower operational costs.

Reynolds Consumer Products reported a 3% increase in net revenues to $940 million and a 27% increase in net income to $66 million for Q2 2023. Adjusted EBITDA also increased by 27% to $150 million. The company's performance was driven by successful implementation of Reynolds Cooking & Baking recovery initiatives and effective execution across all businesses.

Reynolds Consumer Products reported a 3% increase in net revenues to $874 million in Q1 2023. Net income decreased to $17 million, and adjusted EBITDA decreased to $82 million. The company reiterates its outlook for the full year and introduces its second quarter 2023 outlook.

Reynolds Consumer Products reported a 7% increase in net revenues for Q4 2022, reaching $1,089 million. Net income increased by 2% to $107 million, while Adjusted EBITDA increased by 10% to $200 million. The company launched a comprehensive recovery plan for its Reynolds Cooking & Baking segment, anticipating a return to pre-pandemic profitability in 2023.

Reynolds Consumer Products reported a 7% increase in net revenues to $967 million compared to the prior year. Net income was $48 million, a decrease of 27%. The company is focused on margin expansion in the fourth quarter and recovery of pre-pandemic profitability in 2023.

Reynolds Consumer Products reported a 5% increase in net revenues compared to the second quarter of the prior year, driven by price increases that were partially offset by a decline in volume. Net income decreased by 35% year-over-year to $52 million, while Adjusted EBITDA decreased by 20% to $118 million due to lower volume and higher costs, which were significantly offset by price increases.

Reynolds Consumer Products reported a 12% increase in net revenues to $845 million, driven by price increases. Net income decreased by 30% to $52 million, and Adjusted EBITDA decreased by 20% to $112 million due to higher costs and lower volume, which were significantly offset by price increases.

Reynolds Consumer Products reported a 15% increase in net revenues for Q4 2021, reaching $1,021 million. Net income was $105 million, a decrease of 6% compared to the previous year, and Adjusted EBITDA was $181 million, down 9% versus last year’s Adjusted EBITDA.

Reynolds Consumer Products reported a 10% increase in net revenues to $905 million for the third quarter of 2021, driven by pricing and strong demand; however, net income decreased by 42% to $66 million, and Adjusted EBITDA decreased by 31% to $132 million due to rising material, labor, and logistics costs.

Reynolds Consumer Products reported a 6% increase in net revenues to $873 million for Q2 2021. However, net income decreased by 29% to $80 million, and Adjusted EBITDA decreased by 23% to $148 million due to material cost increases outpacing price increases.

Reynolds Consumer Products reported a strong first quarter with net revenues of $757 million, a 4% increase over the prior year. The company's performance was driven by price increases and lower trade promotion, although February storms impacted the Hefty Waste & Storage and Presto Products segments. The company is increasing its full year revenue outlook, expecting high single digit revenue growth.

Reynolds Consumer Products reported a strong third quarter in 2020, with net revenues increasing by 11% to $823 million compared to the prior year period. This growth was driven by strong demand across all business segments. Net income increased by $50 million to $113 million, and adjusted EBITDA was $192 million, reflecting increased revenue and lower material and manufacturing costs.

Reynolds Consumer Products reported strong second-quarter results driven by increased demand due to the consumer response to the COVID-19 pandemic. Net revenues increased to $822 million, and net income rose to $112 million. The company is guiding its full-year outlook to the upper end of its previously provided ranges.

Reynolds Consumer Products reported a strong start to the year with net revenues of $730 million and earnings per share of $0.14. The company experienced increased demand due to the COVID-19 pandemic, which drove volume increases. The company is managing the business to ensure continued long term earnings growth for shareholders.

Reynolds Consumer Products reported fourth quarter net revenues of $835 million and net income of $90 million. The company's results were in line with projections, and they initiated a quarterly cash dividend.