Reynolds Q3 2020 Earnings Report
Key Takeaways
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.
Net Revenues of $823 million.
Earnings Per Share of $0.54; Adjusted Earnings Per Share of $0.561.
Net Income of $113 million; Adjusted Net Income of $117 million.
Adjusted EBITDA of $192 million.
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Reynolds Revenue by Segment
Forward Guidance
The Company expects revenue growth to be mid-single digits on revenue of $835 million in the fourth quarter of 2019. Net Income to be in the range of $111 million to $114 million. Adjusted EBITDA to be in the range of $195 million to $200 million. Revenue to be in the range of $3,240 million to $3,260 million. Net Income to be in the range of $362 million to $365 million. Earnings Per Share to be in the range of $1.77 to $1.78 per share. Adjusted EBITDA to be in the range of $715 million to $720 million. Adjusted Net Income to be in the range of $410 million to $413 million. Adjusted Earnings Per Share to be in the range of $1.95 to $1.97 per share. Net Debt to be approximately $1.9 billion at December 31, 2020
Revenue & Expenses
Visualization of income flow from segment revenue to net income