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Dec 31, 2019
Reynolds Q4 2019 Earnings Report
Reynolds reported fourth quarter and fiscal year 2019 financial results in line with expectations and provided annual 2020 outlook.
Key Takeaways
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.
Net Revenues for the fourth quarter of 2019 were $835 million, compared to $907 million in the prior year period.
Net Income for the fourth quarter of 2019 was $90 million compared to $84 million in the prior year period.
Adjusted EBITDA for the fourth quarter of 2019 was $214 million compared to $224 million in the prior year period.
The company announced the initiation of a quarterly cash dividend, with the initial dividend for the first quarter of 2020 set at $0.15 per common share.
Revenue by Segment
Forward Guidance
For the fiscal year ending December 31, 2020, the Company is providing the following guidance:
Positive Outlook
- Net Income to be in the range of $320 million to $350 million
- Earnings per share to be in the range of $1.52 to $1.67 per share
- Adjusted Net Income to be in the range of $350 million to $370 million
- Adjusted earnings per share to be in the range of $1.67 to $1.76 per share
- Adjusted EBITDA to be in the range of $675 million to $695 million
Challenges Ahead
- Net Debt to be in the range of $2.0 billion to $2.2 billion
Historical Earnings Impact
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Avg. Return Before/After Earnings
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